TORONTO – October 29, 2024 – NowVertical Group Inc. (TSX-V: NOW) (OTCQB: NOWVF) (“NOW” or the “Company”), a leader in AI-driven data solutions, has introduced its Data Risk Mitigation solution and unique risk guarantee, empowering enterprises to uncover, mitigate, and control hidden data risks across complex data environments. The global average cost of a data breach has surged to US$4.88 million, driven by vulnerabilities in personally identifiable information (PII) and sensitive corporate data, making this solution relevant to NOW’s clients.
“This solution highlights the strength of NowVertical’s value proposition and client trust, using our comprehensive capabilities to solve our clients biggest data problems” said Sandeep Mendiratta, CEO of NowVertical. “By combining our NowPrivacy proprietary technology with expert Data Governance and AI services, we’re delivering a high-impact offering that is then packaged with our commitment to measurable client success.”
The solution has already demonstrated success, including a 37% reduction in risk costs for a global consumer healthcare leader. To underscore NowVertical’s commitment to results-driven solutions, a market-first client guarantee has been introduced alongside the solution. Assuring clients of significant risk identification and a quantifiable reduction in data risk, the guarantee builds unmatched confidence in prospective partnerships.
“Enterprises often don’t realize the extent of sensitive data—such as PII and corporate information—until they use our tool,” said Shailesh Mallya, EVP of Solutions & Services at NowVertical. “Our guarantee ensures clients not only a reduction in data risk but confidence that hidden risks will be identified, all whilst making our offering more accessible.”
NOW will host an exclusive webinar on October 30, 2024, for CIOs, CDO’s, compliance leaders, and data risk personnel, offering a deep dive into the solution’s capabilities. Register HERE .
For more information, visit NowVertical's Data Risk Mitigation Page.
About NowVertical Group Inc.
NowVertical is a data analytics and AI solutions company offering comprehensive solutions, software and services. As a global provider, we deliver cutting-edge data, technology, and artificial intelligence (AI) applications to private and public enterprises. Our solutions form the bedrock of modern enterprises, converting data investments into business solutions. NOW is growing organically and through strategic acquisitions. For further details about NOW, please visit www.nowvertical.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Andre Garber, CDO
e: IR@nowvertical.com
Nikhil Thadani, Investor Relations and Communications
e: nik@sophiccapital.com
t: (289) 667-1977
Forward-Looking Statements:
This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together "forward-looking statements"), including, without limitation: expectations regarding NOW's business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company's management's discussion and analysis for the year ended December 31, 2023. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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