LandStar, Inc., the parent company of Data443 Risk Mitigation, Inc., a leading data security and privacy company, announced that the Company has completed the letter of intent to acquire all technology, sales assets, and customers of Modevity’s enterprise cloud-based data storage, protection, and workflow automation platform, ARALOC.
Acquiring the whole asset
ARALOC successfully competes in the growing Board Portal Software marketplace at Diligent, NASDAQ Boardvantage, BoardPaq and others. ARALOC has been included in numerous technology analyst recommendations since inception and is recognized as one of the industry’s first products to deliver on a SaaS-based approach with full encryption and digital rights management for all digital content. Numerous global, multi-billion-dollar companies have regularly depended on ARALOC and its capabilities for over a decade.
CEO of LandStar and founder of Data443, Jason Remillard said that they are thrilled to announce such a game-changing transaction for Data443, one that is immediately accretive for the company. The acquisition of ARALOC represents a milestone strategic investment that anchors their ongoing investments in privacy, and cloud and data security. In addition to the high quality and caliber of ARALOC’s technology and customer roster – the core cryptography and BYOC capabilities while hosted on the leading Microsoft Azure cloud platform enables them to leapfrog competitors who are simply starting in this arena.