sfet - SFET STOCK NEWS

Safe-T Group Ltd. (NASDAQ, TASE: SFET) has partnered with Edvance Technology HK, Hong Kong's leading value-added distributor, to enhance its market reach by reselling the ZoneZero VPN Solution in Hong Kong and Macau. This solution incorporates Zero Trust Network Access, allowing organizations to optimize their existing VPN infrastructure. Safe-T's Chief Business Officer, Avi Rubinstein, emphasized the solution’s relevance amidst the rise of remote work, while Edvance's CEO, Francis Lee, noted its potential to bolster network security.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) has partnered with Accenture to launch a new managed security service focused on secure remote access and Zero Trust Network Access (ZTNA) solutions. This service aims to help organizations in Spain, Portugal, and Israel control access to internal and cloud services, particularly as businesses adapt to changing work environments post-COVID-19.

The solution utilizes Safe-T’s ZoneZero™, enhancing security with a 'verify-first' approach, ensuring only authorized users access sensitive data.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) hosted a virtual webinar with Accenture on December 11, 2020, discussing the 2020 Cyber Threatscape Report and the significance of Zero Trust solutions for cybersecurity. Co-Founder Eitan Bremler showcased Safe-T's Zero Trust-based network access solutions (ZTNA) that enhance security across various access scenarios without the need for network redesign. Safe-T's solutions provide secure application access based on identity, ensuring protection against unauthorized access and improving organizational defenses against cyber threats.

Safe-T Group Ltd. (Nasdaq: SFET) has announced the acquisition of Chi Cooked LLC, a profitable U.S.-based company specializing in cloud-based global IP proxy services. The $1.1 million transaction, funded with internal cash, is expected to be immediately accretive. Chi Cooked has generated approximately $1.1 million in revenues over ten months and has been profitable since 2017. This acquisition strengthens Safe-T's position as a comprehensive provider of proxy solutions and is anticipated to enhance revenue streams and operational synergies.

Safe-T Group Ltd. (NASDAQ: SFET) will host a virtual webinar on December 10, 2020, featuring Eitan Bremler, Co-Founder & VP Corporate Development. The event, in collaboration with Fujitsu, focuses on Zero Trust Network Access (ZTNA) solutions, addressing increased cybersecurity risks due to remote work during the Covid-19 pandemic. ZTNA enhances organizational security by controlling user identity and monitoring access. Participants will learn about secure access strategies for employees and collaborators to protect corporate resources.

Safe-T Group Ltd. (NASDAQ: SFET) has engaged MZ Group to enhance its investor relations strategy and bolster financial communications. This initiative aims to boost visibility within the investment community, emphasizing Safe-T's Zero Trust solutions for secure access in hybrid cloud environments. The company has reported a 65% revenue increase in the first nine months of 2020 compared to 2019 and aims to continue revenue growth moving into 2021. Safe-T's ZoneZero solutions have gained traction among global partners, reinforcing its position in the cybersecurity market.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) has partnered with Systematika Distribution Srl to distribute its ZoneZero™ SDP solution in Italy. This technology enhances secure access to applications and services, aligning with Zero Trust Network Access principles. The partnership aims to tap into Systematika’s extensive market presence in professional IT solutions, providing effective cybersecurity measures. Safe-T's approach emphasizes security without requiring extensive infrastructure changes, positioning it well for business growth in response to increasing cyber threats.

Safe-T Group Ltd. (SFET) reported record revenues of $3,591,000 for the first nine months of 2020, marking a 65% increase from $2,170,000 in 2019. Q3 2020 revenues reached $1,426,000, a 6% rise from $1,349,000 in Q3 2019. Despite revenue growth, the company faced an IFRS net loss of $2,836,000 for the nine-month period, up from a loss of $1,706,000 in 2019. The cash balance stood at $13,841,000. CEO Shachar Daniel emphasized progress in Zero Trust solutions and expanding market opportunities.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) has partnered with iValue InfoSolutions to offer Zero Trust Network Access (ZTNA) solutions to enhance cybersecurity for organizations in India. This collaboration aims to protect sensitive data and critical services from cyber threats, ensuring business continuity. With ZTNA's 'validate first, access later' philosophy, Safe-T’s solutions are designed to secure access regardless of user location. iValue brings over 6,000 customers and a solid market presence, enabling Safe-T to expand its offerings effectively in the Indian market.