LANDSTAR Inc/SH (OTCMKTS:LDSR) has been slowly sledding uphill over the last month. LDSR is up more than 100% for the last 30 days and the company has some undeniable momentum in the cybersecurity and tech space. LDSR, now known as Data443 Risk Mitigation, is in the middle of rebranding itself and seems to be doing well in getting the word out, especially regarding one of their key products, ClassiDocs.
According to the company website, ” ClassiDocs’ architecture and implementation are designed with the focus of easily classification documents across your entire enterprise. Our architecture that utilizes the whole of our computing resources makes a significant difference in the performance and capabilities of the solution.” This product from LDSR was picked up by Caretower’s European Union division for the GDPR. In case you are not familiar, the GDPR (General Data Protection Regulation) seeks to create a harmonised data protection law framework across the EU and aims to give citizens back the control of their personal data, whilst imposing strict rules on those hosting and ‘processing’ this data, anywhere in the world. The Regulation also introduces rules relating to the free movement of personal data within and outside the EU.
LANDSTAR Inc/SH (OTCMKTS:LDSR), aka DATA443 Risk Mitigation, Inc., casts itself as a company that was formed December 2017 to identify whitespace existing in the security offerings of competitors and fill those gaps with self-developed and/or acquired technologies to offer to the market.
To that end, the company has a growing R&D team and an active acquisitions and financing team – both of which act quickly on targeting opportunities (both customer & acquisition candidates) to quickly bring to market. The primary focus is on current and next-generation cybersecurity product offerings – for cloud and on-premise consumption. ClassiDocs’s unique implementation of Machine Learning enables organizations to quickly train the algorithms with native business-based datasets – seamlessly for all involved. This provides a data rich environment for the Machine Learning algorithms to learn upon – widely known as one of the most expensive parts of machine training – dataset training has been effectively reduced to zero effort and cost.
The company further maintains that ClassiDocs is “the only Data Classification & Governance platform that provides organizations with a GDPR compliance interface that facilitates queries required to complete PII-based searches across data files (unstructured) and databases (structured) data sets – for the whole enterprise. Having the only endpoint-based classification engine – this unique unified view portal gives organizations a full view and search capability across their whole data estate – Network, Workstation and Cloud – resulting in significantly reduced costs.”
According to company materials, “DATA443 Risk Mitigation, Inc. (OTCPK:LDSR) (https://www.data443.com) is a technology company that is actively developing and acquiring cyber-security products & service offerings that are central to blockchain, cyber data security, GDPR, compliance and governance capabilities. The Company develops its own technologies and has an active acquisitions program in place.”
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This deal with Caretower might be pushing up the price here as a sign of data changes on the horizon. LDSR has a substantial role to play in this transformation and the market seems to understand that.
“Data443’s award winning ClassiDocs adds significant GDPR and Data Classification capabilities to our product and services abilities. Our clients are looking for rapid time to value – in this case to deliver on GDPR requirements. As the go live date nears – we continue to experience increased demand for these capabilities,” added Caretower Managing Director, George Neophytou.
Currently trading at a market capitalization of $9.87M, LDSR has strong volume at 68.03M and no cash on the books. The company is pre-revenue at this point but has serious upward potential. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LDSR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LDSR, either long or short, and we have not been compensated for this article.