Safe-T Group: NetNut's Network Doubles Usage Volume Within 1 Month with More Than 36 Billion Requests Processed
11 November 2022 - 2:30PM
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 StatementsThis
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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