sfet - SFET STOCK NEWS

Safe-T Group Ltd. (NASDAQ: SFET) reported a 49% increase in full year 2020 revenue, totaling $4.9 million, compared to $3.3 million in 2019. Gross profit rose 71% to $2.4 million. The company cites a strong demand in the cybersecurity market, driven by heightened remote work and security needs. Their partnership network expanded significantly, enhancing their market opportunities. Despite a notable net loss of $7.8 million for the year, cash reserves stand at $11 million, positioning them for future growth and M&A activities.

Safe-T Group Ltd. (NASDAQ: SFET) announced the launch of a new IP Proxy platform through its subsidiary, NetNut Ltd.. Designed to cater to diverse customer needs, the platform facilitates varying IP networks, flexible pricing options, and a user-friendly interface for B2B clients. Key features include automated registration, self-service capabilities, and multiple package types. CEO Barak Avitbul emphasized the platform's potential to enhance customer traction and generate new business leads, marking a strategic expansion in their service offerings.

Safe-T Group Ltd. (NASDAQ: SFET) announced a partnership with ImageWare Systems to launch a combined Zero Trust Network Access (ZTNA) solution. This innovative solution integrates biometric authentication with Safe-T's ZoneZero™ platform, addressing the rising demand for secure access in a remote work environment. Amidst increased cyber risks, the joint offering promises enhanced security through precise user identification, allowing seamless access to corporate resources while implementing strict trust measures.

Safe-T Group Ltd (NASDAQ, TASE: SFET) will participate in key conferences in March 2021, including the Maxim 2021 Emerging Growth Virtual Conference on March 17-18 and the Investor Summit on March 23. CEO Shachar Daniel will present an overview of the company and discuss the recent launch of ZoneZero™ version 5.0, alongside the completion of a $9.75 million registered direct offering. This capital will back their M&A strategy focused on synergistic and scalable companies with high margins and innovative technologies.

Safe-T Group Ltd (NASDAQ, TASE: SFET) will announce its financial results for Q4 and full-year 2020 on March 22, 2021, prior to market opening. A conference call hosted by CEO Shachar Daniel and CFO Shai Avnit is scheduled for 8:30 a.m. ET on the same day, where they will discuss the results and hold a Q&A session. Safe-T specializes in secure access solutions and intelligent data collection, focusing on protecting enterprises against cyber threats while supporting their digital transformation.

Safe-T Group Ltd (NASDAQ, TASE: SFET) announced its wholly owned subsidiary, Safe-T Data A.R Ltd., will host several virtual technology events throughout March 2021. The events will focus on the rising incidences of cyber attacks and prevention strategies. Key speakers include Eitan Bremler, Co-Founder & VP Corporate Development. Scheduled events include collaborations with partners in Germany and DACH, with additional events planned in Italy, Switzerland, the Netherlands, and Sweden. Full registration details will be available on Safe-T's website.

Safe-T Group Ltd (NASDAQ: SFET) announced the launch of ZoneZero™ version 5.0, a Zero Trust Network Access (ZTNA) solution that consolidates access for both internal and external users. This innovative solution can replace existing VPN infrastructures, enhancing security through features like identity-based segmentation, and quick, secure access methods including password-less and biometric authentication. The enhancements in deployment, monitoring, and reporting capabilities aim to streamline IT management and reduce operational costs in a market valued over $10 billion.

HERZLIYA, Israel, Feb. 24, 2021 -- Safe-T Group Ltd. (Nasdaq: SFET) announced that Mr. Itay Nahum, VP Corporate Success, will present at a virtual event organized by the United Nations' Office of Information and Communications Technology. The event focuses on advanced security technologies such as endpoint detection, user behavioral analysis, and privacy-preserving technology. Earlier this month, Mr. Eitan Bremler presented Safe-T’s ZoneZero™ technology at CYBERSEC 2021. Safe-T Group provides access solutions aimed at mitigating cyber threats and ensuring data security.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) announced a $9.75 million registered direct offering to enhance its balance sheet and fund growth. The company raised over $3 million from warrant exercises last week. Safe-T expects revenues between $4.85 million and $4.95 million for 2020, marking a significant increase of 48% to 51% from 2019's $3.28 million. With approximately $23 million in cash post-offering, the firm aims to pursue M&A opportunities and expand its market presence.