Alarum Achieves Significant Milestone; Fortune 200 Company Adopts its Website Unblocker Solution Following a Large-scale Evaluation

Rhea-AI Summary

Alarum Technologies (Nasdaq, TASE: ALAR) announced that a Fortune 200 company has adopted its Website Unblocker solution following a comprehensive evaluation. The customer, operating a multi-million cross-region network, has subscribed to both NetNut's IPPN and Website Unblocker offerings. The Website Unblocker uses advanced AI technology to simulate authentic user environments for better data retrieval from public sources. This expansion comes less than three months after the customer's initial subscription to IPPN in Q3 2024. Alarum's strategy focuses on three growth engines: increasing IPPN market share, penetrating the Data Collection and Labelling Market, and providing Data Insights.

Positive

• Fortune 200 company adoption of Website Unblocker solution
• Expansion of services with existing customer within 3 months
• Customer operates multi-million dollar cross-region network

Negative

• None.

Insights

Tech Industry Analyst

The adoption of Alarum's Website Unblocker by a Fortune 200 company represents a significant commercial validation. This deal has multiple positive implications: expansion of an existing customer relationship, rapid adoption within 3 months of initial engagement and validation of their AI-driven technology stack. The customer's profile - operating a multi-million cross-region network - suggests substantial revenue potential and possible reference value for future enterprise sales.

The Website Unblocker's AI-powered capabilities for simulating authentic user environments addresses a critical need in the $3.5B data collection market. The rapid follow-on purchase indicates strong product-market fit and potential for similar expansions with other enterprise customers. This positions Alarum favorably in the growing market for automated web data collection tools, particularly as businesses increasingly rely on web scraping for competitive intelligence and market insights.

The customer, operating a multi-million cross-region network, is set to gain best-in-class data-driven capabilities, positioning itself to achieve sustained market leadership, by subscribing to both NetNut’s IPPN and Website Unblocker offerings

TEL AVIV, Israel, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today announced the expansion of its recently established relationship with a leading global Fortune 200 company, which has subscribed to the newly rolled-out Website Unblocker from NetNut, in addition to Internet Protocol Proxy Network (IPPN). The customer, operating a multi-million cross-region network, and a multi-billion US Dollar business, will enhance automation and customer spending while gaining a competitive edge.

To facilitate seamless access to public web information, NetNut's Website Unblocker utilizes advanced Artificial Intelligence (AI) technology to simulate authentic user environments, enhancing data retrieval consistency from public online sources. The selection of NetNut’s Website Unblocker, which followed extensive evaluations and analysis by the leading global Fortune 200 company, is clear testament to its superiority.

Alarum empowers businesses to gain a competitive edge and improve efficiencies by leveraging its robust and growing NetNut network. Being a global data frontrunner provider, Alarum enables organizations to efficiently and successfully collect large volumes of data, seamlessly analyze, and extract structured data at scale. As part of the company’s overarching strategy, it is actively working to integrate AI and advanced analytics to deliver the utmost comprehensive data insights.

“In the third quarter of 2024, the customer, a Fortune 200 company, initially subscribed to our IPPN product and less than three months later added the unique Website Unblocker, marking an important milestone in realization of our strategy,” said Mr. Shachar Daniel, Chief Executive Officer of Alarum. “The Website Unblocker is essential to Alarum’s long-term growth plans for penetrating the multi-billion-dollar Data Collection and Labeling Market. It provides our customers with enhanced data access and improved operational efficiency, enabling them to penetrate new markets, better understand their customers’ behavior and optimize their strategies. We see a growing pipeline of opportunities for our Website Unblocker, which has been tested and rated as a market leader by various industry experts,” Mr. Daniel concluded.

Alarum’s strategy and long-term vision is focused on three growth engines: Increasing market share in the IP Proxy Network (IPPN) segment, penetrating the Data Collection and Labelling Market, and providing its customers with Data Insights. With its innovations, the Company continues to push the boundaries of what’s possible in its industry.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” 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, Alarum is using forward-looking statements in this press release when when discussing its anticipated growth strategy, including plans for expanding market share in the IP Proxy Network segment, establishing product development timelines for the Website Unblocker and IPPN solutions, projecting the benefits these solutions may deliver to customers, and anticipating customer adoption rates, as well as addressing Alarum's potential to enhance automation processes, improve customer spending, and achieve competitive advantages within the data collection market. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 14, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Alarum is not responsible for the contents of third-party websites.

About Alarum Technologies Ltd.

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of internet access and web data collection solutions. The solutions by NetNut, our enterprise internet access and web data collection arm, are based on our world’s fastest and most advanced and secured hybrid proxy network, enabling our customers to collect data anonymously at any scale from any public sources over the web. Our network comprises 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 guarantee privacy, quality, stability, and the speed of the service.

For more information about Alarum and its internet access and web data collection solutions, please visit www.alarum.io.

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FAQ

What new product did Alarum Technologies (ALAR) launch in 2024?

Alarum Technologies launched the Website Unblocker solution, which uses AI technology to simulate authentic user environments for improved data retrieval from public online sources.

What major client adopted Alarum's (ALAR) Website Unblocker in 2024?

A Fortune 200 company adopted Alarum's Website Unblocker solution following a large-scale evaluation, expanding their existing relationship with Alarum.

What are Alarum Technologies' (ALAR) three main growth engines?

Alarum's three growth engines are: increasing market share in the IP Proxy Network segment, penetrating the Data Collection and Labelling Market, and providing Data Insights to customers.