sfet - SFET STOCK NEWS

Safe-T Group Ltd. (NASDAQ, TASE: SFET) reported preliminary revenue estimates for the nine-month period ending September 30, 2020, predicting a growth of 62%-65% compared to $2.17 million in 2019, with expected revenues between $3.52 million to $3.57 million. The third quarter revenue is anticipated to be between $1.36 million to $1.41 million, slightly higher than $1.349 million in the same quarter of 2019. Full unaudited results will be released by November 30, 2020.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) has been recognized in Forrester’s Q3 2020 Tech Tide™ report for its innovative Zero Trust Network Access (ZTNA) solution, ZoneZero™. This solution enables seamless integration with existing infrastructure, enhancing network security through micro-segmentation and continuous monitoring. Safe-T’s offerings cater to various sectors, including government and healthcare, ensuring secure access for remote and internal users. The company emphasizes a 'validate first, access later' philosophy, bolstering defenses against cyberthreats.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) will be featured in an interview on The RedChip Money Report airing on October 4, 2020. CEO Shachar Daniel will discuss the company's secure remote access technology and future growth plans. The interview will be broadcast on Bloomberg International and the Action Channel in the U.S., reaching over 100 million homes across Europe. Safe-T specializes in Zero Trust Access solutions to protect enterprises from cyber threats, ensuring secure data access and uninterrupted business continuity.

Safe-T Group Ltd. (NASDAQ: SFET) reported significant financial growth for the six-months ending June 30, 2020, with revenues of $2,165,000, a 164% increase from $821,000 in H1 2019. Q2 revenues reached $1,077,000, up 173% from Q2 2019. The company maintained a cash balance of $9.77 million as of June 30 and raised $6.79 million through equity offerings post-quarter. Despite a net loss of $1.54 million, an improvement from $2.51 million in the prior year, Safe-T has expanded its partner network and launched new products in response to growing demand for secure remote access solutions.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) announced the launch of its Dynamic Residential Proxy network in Europe and Asia through its subsidiary, NetNut Ltd. This new offering enhances NetNut's existing Static Residential Proxy services, providing customers a robust and diverse solution to boost their business reach. The network is designed to improve global coverage, stability, and speed. The company plans further expansion and additional product releases while maintaining its existing services in the U.S.

Safe-T Group Ltd. (NASDAQ: SFET) has announced a strategic partnership with HTC Global Services to expand its global presence in India and the USA. HTC will resell Safe-T's Zero Trust Network Access (ZTNA) solutions to enterprise customers in various sectors, including banking and healthcare. The partnership aims to enhance security for clients through a verify-first access model, allowing controlled application access. This initiative is part of Safe-T's strategy to penetrate fast-growing markets such as India and further establish its innovative security solutions.

Safe-T Group Ltd. (NASDAQ: SFET) has signed a distribution agreement with Softprom Distribution GmbH to promote its Zero-Trust Network Access (ZTNA) solutions across Central and Eastern Europe, including the CIS region, Georgia, and Ukraine. This partnership aims to expand Safe-T's market presence in a rapidly growing region. Softprom, recognized for its extensive distribution network, will help introduce Safe-T's innovative solutions, such as ZoneZero™, which supports seamless access while maintaining security. Gartner's report highlights the growing importance of ZTNA in remote work environments.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) announced a registered direct offering of 3,075,000 American depositary shares (ADSs) at $1.40 each, and 1,145,000 pre-funded warrants. The offering aims to raise approximately $5.9 million for working capital and strategic opportunities, including acquisitions. The offering is expected to close on July 22, 2020, pending customary conditions. A.G.P./Alliance Global Partners acts as the sole placement agent. The securities will be issued under a prospectus supplement filed with the SEC.

Safe-T Group Ltd. (NASDAQ: SFET) announced the successful expansion of its indirect partner sales channel in Q2 2020, aligning with its strategy to transition from direct to indirect sales. Over 25 new partners have joined, enhancing Safe-T's presence across multiple continents. The company's Software Defined Perimeter product suite supports secure remote access, catering to heightened demand during the pandemic. Chief Business Officer Avi Rubenstein noted the rapid execution of this strategy, highlighting the urgent need for secure remote access solutions.