LandStar (OTCPK: LDSR), through its wholly owned subsidiary Data443™ Risk Mitigation, Inc., today announced that it has signed a Letter of Intent (“LOI”) to acquire the entirety of ARALOC™, including technology, sales assets, and customers. ARALOC™ is Modevity, LLC’s enterprise cloud-based data storage, protection, and workflow automation platform. During 2017, operations of the ARALOC™ platform secured approximately $500,000 in earnings before interest & tax (“EBIT”) contributions, which were primarily attributed to the smart technology architecture and cloud computing that enable a very low cost of goods sold (“COGS”). The company expects the acquisition of the board management and communications services platform to close by the end of Q3 2018.
“We are thrilled to announce such a game-changing transaction for Data443, one that is immediately accretive for the company,” LandStar CEO and Data443 founder Jason Remillard stated in the news release. “The acquisition of ARALOC represents a milestone strategic investment that anchors our 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 Bring Your Own Certificate (BYOC) capabilities while hosted on the leading Microsoft Azure cloud platform enables us to leapfrog competitors who are simply starting in this arena. ARALOC has over a decade of technology runtime to leverage – we simply couldn’t pass up this opportunity.”
To view the full press release, visit http://nnw.fm/j6cdZ
About LandStar, Inc.
LandStar, Inc. (OTCPK: LDSR), through its wholly owned subsidiary Data443™ Risk Mitigation, Inc., enables secure data – across local devices, network, cloud, and databases – at rest and in flight. ClassiDocs™, the company’s award-winning data classification and governance technology, provides GDPR compliance and DSAR management coupled with DLP, CASB, SIEM, and cloud solutions to provide user-enabled, governance-enabled, up-to-date security for every data point, every time. The WordPress-based GDPR Framework enables organizations of all sizes to comply with the GDPR and other privacy frameworks. ClassiDocs™ for Blockchain provides an active implementation for blockchain transactions from inadvertent disclosure and data leaks. For more information, visit the company’s website at www.Data443.com.
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