sfet - SFET STOCK NEWS

Safe-T Group Ltd. (NASDAQ: SFET) has partnered with TerraZone Ltd. to enhance the sales and marketing of its ZoneZero® product while reducing operating costs. TerraZone, which co-locates staff at Safe-T's headquarters, will manage product development and expand global customer relations. This strategic collaboration aims to lower expenses in Safe-T's Enterprise Cybersecurity segment by Q1 2022. The ZoneZero® solution has gained industry recognition and aims to capitalize on the growing demand for Zero Trust Network Access (ZTNA) technology.

Safe-T Group Ltd. (NASDAQ: SFET) announced it received a notice from Nasdaq regarding non-compliance with Listing Rule 5550(a)(2), as its American Depositary Shares (ADSs) closed below $1.00 for 30 consecutive business days. The company has a 180-day compliance period ending July 11, 2022, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive days. A potential second compliance period may be available if needed. Despite the notice, the ADSs will continue trading on the Nasdaq Capital Market.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) announced significant growth in its APAC enterprise privacy business, driven by investments in infrastructure and personnel. Since launching its privacy solution in Q4 2021, the company acquired over 75 clients from sectors like e-commerce and NFT data collection. Safe-T's CEO emphasized the positive momentum in APAC and its potential to bolster revenue growth in 2022. The enterprise privacy solution enhances data collection capabilities for business analytics, showcasing Safe-T's effective market penetration strategies.

Safe-T Group Ltd. (SFET) announced a remarkable 50% increase in subscription revenue quarter-over-quarter, driven by strong demand for its consumer privacy solution for Apple devices, now exceeding 10,000 subscribers. The product aims to replace traditional VPN services, offering enhanced privacy as consumers prioritize online safety. The company plans to expand marketing efforts and launch on Android and PCs in 2022. Safe-T's full-year revenue reached over $10 million, marking a year-over-year growth of more than 100%.

Safe-T Group Ltd. (NASDAQ: SFET) expects Q4 revenues of approximately $3.6 million, marking over 170% growth year-over-year, with full-year revenues expected to exceed $10 million, a growth of over 100%. The company credits its strong performance to an expanded focus on consumer cybersecurity and privacy products. CEO Shachar Daniel highlighted significant milestones achieved in 2021 and anticipates continued growth in 2022 through an expanded solutions portfolio. Final audited financials will be released by March 31, 2022.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) announced that its subsidiary, Safe-T Data A.R Ltd., has been recognized as a Representative Vendor in Gartner's 'Market Guide for User Authentication'. According to Gartner, access management vendors are key in cloud-first organizations, and user authentication is critical for identity and access management functions. Safe-T’s ZoneZero® offers a cohesive user authentication framework suitable for complex infrastructures, supporting multi-factor authentication across various application types, enhancing security amidst growing Zero Trust initiatives.

HERZLIYA, Israel, Dec. 16, 2021: Safe-T Group Ltd. (NASDAQ: SFET) announced significant stock purchases by its executives, increasing their ownership to approximately 13.5%. Over 180,000 shares were acquired from December 7 to December 13, 2021, reflecting management's confidence in the company's growth in cybersecurity and privacy solutions. Chairman Chen Katz emphasized the company's record growth and milestones, underscoring expectations for continued progress and shareholder value enhancement.

Safe-T Group Ltd. (NASDAQ: SFET) announced that its subsidiary, NetNut Ltd., has settled a patent infringement lawsuit with Bright Data, previously known as Luminati Networks. The case, which was dismissed without prejudice, concluded with no monetary payment from NetNut and no impact on its ongoing services. NetNut maintains that it has not infringed on Bright Data's patents and plans to continue challenging their validity through the U.S. Patent and Trademark Office. The settlement allows NetNut to focus on delivering its privacy solutions without the legal distraction.

Safe-T Group Ltd. announced the successful deployment of its ZoneZero® ZTNA solution with several customers across India and South-East Asia, following a competitive evaluation against leading industry solutions. New customers include Ramco Cements, Panacea Biotec, and a regional healthcare provider, all of which have signed multi-year service contracts. The growing demand for ZTNA is attributed to the rise in remote work, highlighting the need for secure access solutions over traditional VPNs.