Safe-T
Group: NetNut's Network Doubles Usage Volume Within 1 Month with
More Than 36 Billion Requests Processed
Enterprise
privacy business turns profitable and marks three record revenue
months
HERZLIYA, Israel, November 11,
2022 - InvestorsHub NewsWire -- Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) ("Safe-T" or the "Company"), a
global provider of cybersecurity and privacy solutions to consumers
and enterprises, today announced a surge in NetNut Ltd., the
Company's subsidiary and enterprise privacy network ("NetNut"),
that doubled its usage volume and processed over 36 billion
customer's requests. The sharp increase in volume is a result of
the onboarding of several strategic customers, as well as the
expansion of NetNut's network and its ability to process record
breaking amounts of requests.
In addition, NetNut achieved
three record revenue months, transitioning the business to
profitability. The recent growth in revenues is attributed to an
increase in activity with major customers in the Counter Ad-Fraud
market.
"NetNut's robust network is one
of the strongest and most reliable in the market. The scalable
infrastructure we redesigned in the past few months, enables us to
meet growing demands and continue to scale as we expand with our
partners and customers. The latest spike in usage and its ability
to handle an over 100% increase in traffic loads within a short
period of time, is a vote of confidence for its ability to scale
the client's businesses without affecting their performance,"
stated Shachar Daniel, Chief Executive Officer of Safe-T. "Having a
network that supports vast amounts of requests and generates record
revenues is something we are very proud of. It is our goal to
continue to grow our customer base by utilizing our
well-established platform".
Safe-T's enterprise privacy
unit, NetNut, provides businesses with the ability to gather mass
amounts of public web data fast. The Company has invested
significant resources in re-designing its network architecture in
recent months.
About NetNut
Ltd.
NetNut Ltd., a wholly owned
subsidiary of Safe-T Group Ltd., is a provider of fast, reliable
and scalable proxy solutions for all web scraping and web data
extraction requirements. By utilizing a dynamic network and
delivering optimized IP pools, NetNut is the ultimate solution for
scraping and collecting web data at high speed and lower rates.
NetNut's use cases includes web data extraction, market research,
Search Engine Optimization (SEO) monitoring and Search Engine
Results Page (SERP) tracking, price comparison, social media
management (SMM), advertising verification, brand protection,
travel aggregation and more. NetNut's proxy network comprises exit
points based on its proprietary reflection technology and hundreds
of servers located at its ISP partners around the world. The
infrastructure is optimally designed to guarantee the privacy,
quality, stability, and the speed of the service.
About Safe-T
Group Ltd.
Safe-T Group Ltd. (Nasdaq:
SFET) (TASE: SFET) is a global provider of cyber-security and
privacy solutions to consumers and enterprises. The Company
operates in three distinct segments: enterprise cyber-security
solutions, enterprise privacy solutions, and consumer
cyber-security and privacy solutions.
Our cybersecurity and privacy
solutions for consumers provide a wide security blanket against
ransomware, viruses, phishing, and other online threats as well as
a powerful, secured, and encrypted connection, masking their online
activity and keeping them safe from hackers. The solutions are
designed for advanced and basic users, ensuring full personal
protection for all personal and digital information.
Our privacy solutions for
enterprises are based on our world's fastest and most advanced and
secured proxy network, enabling our customers to collect data
anonymously at any scale from any public sources over the web using
a unique hybrid network. 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 the privacy, quality, stability, and the speed of the
service.
Our
cybersecurity solutions for enterprises, designed for cloud,
on-premises and hybrid networks, mitigates attacks on enterprises'
business-critical services and sensitive data, while ensuring
uninterrupted business continuity. Organizational data access,
storage and exchange use cases, from outside the organization or
within, are secured according to the "validate first, access later"
philosophy of Safe-T's zero trust. Our ZoneZero® solutions are
available by our reseller, TerraZone
Ltd., a global information
security provider, as a solution or cloud service.
For more information about
Safe-T, visit
www.safetgroup.com
Forward-Looking
Statements
This press release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and other Federal securities laws. 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, Safe-T is using
forward-looking statements in this press release when it discusses
NetNut's strong and reliable position in the market, its network
usage volume, NetNut's unaudited estimates of revenues, revenue
growth and transition to profitability, and NetNut's ability to
meet growing demands,including its ability to scale up its client's
business without impact to their performance. Because such
statements deal with future events and are based on Safe-T's
current expectations, they are subject to various risks and
uncertainties and actual results, performance or achievements of
Safe-T 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 Safe-T's annual report on Form 20-F
filed with the Securities and Exchange Commission ("SEC") on March
29, 2022, and in any subsequent filings with the SEC. Except as
otherwise required by law, Safe-T 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.
The Company is providing
revenue estimates in this press release, rather than final amounts,
primarily because the financial closing process and review are not
yet complete and, as a result, the Company's final results upon
completion of its closing process and review may vary from these
preliminary estimates.
INVESTOR
RELATIONS CONTACTS:
Michal Efraty
+972-(0)52-3044404
investors@safetgroup.com
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