HERZLIYA, Israel, Nov. 11, 2022 (GLOBE NEWSWIRE) — Safe-T Group Ltd. (SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of privacy and cybersecurity solutions to consumers and businesses, today announced an increase in NetNut Ltd., the Company’s subsidiary and the Enterprise Privacy Network (“NetNut”), which doubled its usage volume and processed more than 36 billion customer requests. The sharp increase in volume is the result of the addition of several strategic customers, as well as the expansion of NetNut’s network and its ability to process record amounts of requests.
In addition, NetNut achieved three months of record revenue, transitioning the business to profitability. Recent revenue growth is attributed to increased activity with key clients in the anti-ad fraud market.
“NetNut’s robust network is one of the strongest and most reliable on the market. The scalable infrastructure we’ve redesigned over the past few months allows us to meet growing demands and continue to scale as we expand with our partners and customers. The latest increase in usage and its ability to handle over 100% increase in traffic loads in a short period of time is a vote of confidence in its ability to scale the client’s business without impacting its performance,” stated Shachar Daniel, CEO. Officer of Safe-T. “Having a network that supports large amounts of requests and generates record revenues is something we are very proud of. Our goal is to continue to grow our customer base using our well-established platform.”
Safe-T’s enterprise privacy unit, NetNut, provides companies with the ability to quickly gather massive amounts of public web data. The company has invested significant resources in redesigning its network architecture in recent months.
About NetNut Ltd.
NetNut Ltd., a wholly owned subsidiary of Safe-T Group Ltd., is a provider of fast, reliable and scalable proxy solutions for all web scraping and web data extraction requirements. By using a dynamic network and delivering optimized IP pools, NetNut is the ultimate solution for scraping and collecting web data at high speed and lower rates. NetNut use cases include web data mining, market research, search engine optimization (SEO) and search engine results page (SERP) tracking, the price comparison, social media management (SMM), advertising verification, brand protection, travel aggregation and more. NetNut’s proxy network includes exit points based on its proprietary reflection technology and hundreds of servers located at its ISP partners worldwide. The infrastructure is optimally designed to ensure privacy, quality, stability and speed of service.
About Safe-T Group Ltd.
Safe-T Group Ltd. (SFET) (TASE: SFET) is a global provider of privacy and cybersecurity solutions for consumers and businesses. The company operates in three distinct segments: enterprise cybersecurity solutions, enterprise privacy solutions, and consumer privacy and cybersecurity solutions.
Our privacy and cybersecurity solutions for consumers provide comprehensive security coverage against ransomware, viruses, phishing and other online threats, as well as a powerful, secure and encrypted connection, which masks your online activity and protects you from computer hackers Solutions are designed for advanced and basic users, ensuring complete personal protection for all personal and digital information.
Our enterprise privacy solutions are based on our world’s fastest, most advanced and most secure proxy network, enabling our customers to anonymously collect data at any scale from any public source across the web using a network unique hybrid Our network includes both exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. The infrastructure is optimally designed to ensure privacy, quality, stability and speed of service.
Our enterprise cybersecurity solutions, designed for cloud, on-premises and hybrid networks, mitigate attacks on business-critical services and sensitive data while ensuring uninterrupted business continuity. Organizational data access, storage, and exchange use cases, from outside or inside the organization, are secured according to the “validate first, access later” philosophy of Safe- T. Our ZoneZero® solutions are available through our distributor, TerraZone Ltd.a global provider of information security, as a cloud solution or service.
To learn more about Safe-T, visit www.safetgroup.com
Forward-looking statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Safe-T uses forward-looking statements in this press release when it discusses NetNut’s strong and reliable market position, its network usage volume, NetNut’s unaudited revenue estimates, the growth of revenues and the transition to profitability and NetNut’s ability to meet growing demands, including its ability to expand its customers’ business without impacting its performance. Because these statements deal with future events and are based on Safe-T’s current expectations, they are subject to various risks and uncertainties and Safe-T’s actual results, performance or achievements could differ materially from those described or implied in the forward-looking statements. statements in this press release. Forward-looking statements contained in or implied by this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Safe-T’s Annual Report on Form 20-F filed at the Securities and Exchange Commission (“SEC”) on March 29, 2022 and in any subsequent filings with the SEC. Except as otherwise required by law, Safe-T undertakes no obligation to publicly release any revisions to these statements forward-looking to reflect events or circumstances subsequent to the date of this document or to reflect the occurrence of unanticipated events.
The Company provides revenue estimates in this press release, rather than final amounts, primarily because the financial close process and review has not yet been completed and, as a result, the Company’s final results upon completion your closing and review process may vary from these. preliminary estimates.
INVESTOR RELATIONS CONTACT:
Michal Efraty
+972-(0)52-3044404
[email protected]
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