LandStar Inc. Announces Intent to Acquire DataExpress

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According to a recent press release, “LandStar, Inc. , the parent company of Data443 Risk Mitigation, Inc., a leading data security and privacy software company, today announced it has signed a letter of intent to acquire the assets of secure, managed file transfer leader, DataExpress… For 28 years, DataExpress has provided products and capabilities to the retail and financial services industries that ensure data security, privacy and efficiency across both private and public networks. Their industry leading, on-premise HPE™ Integrity Nonstop-based DataExpress for NonStop and the cloud-based SaaS product DataExpress Open Platform – both schedule, route, format, securely transfer and track all forms of data at every step of the process. DataExpress products are responsible for moving increasingly more terabytes a day for leading banks, insurance, retail and utilities providers, and is well positioned for healthcare, telecom and media environments. Data transferred continues to increase in volume, risk, sensitivity and overall value to the organizations.”

The release continues, “The sensitive data and file transfer market continues to rapidly expand and is anticipated to grow to $2.3B by 2026 with a CAGR of 7.9% according to Transparency Market Research. Factors contributing to the explosive market growth include global data security regulations and escalating sophistication of malicious attacks on vulnerable endpoints, devices and networks. This growth is supported by the entrance of major players in the file and data transfer space including Dropbox, Microsoft OneDrive, Google Drive and Box. Grabbing additional market share from incumbents like Barracuda, SolarWinds and Ipswitch will be accelerated by the addition of data privacy and governance capabilities delivered by Data443’s combined product suite.”

Read more at Nasdaq.

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