HERZLIYA, Israel, May 20, 2020 – Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that its wholly owned subsidiary, NetNut Ltd., has expanded into a new market with the signing of agreements with three leading companies operating in the consumer VPN sector.
The agreements will allow these VPN companies to use NetNut’s unique global network and provide their end users with a faster, stable, and better secured connections over the internet to various websites.
The Coronavirus pandemic (COVID-19) has created unprecedented working challenges for companies as well as for private users across the globe, and remote access tools are helping them meet these challenges. NetNut’s infrastructure improves the remote connectivity, thus providing a better user experience.
NetNut’s network, based on its unique technology and partnerships with hundreds of residential Internet Service Providers around the world, is a leading solution, enabling enterprise customers to access the internet from various locations in a similar manner as local users, without compromising the quality and stability of the connections. This advantage is specifically important for cyber-security companies seeking to equip their customers with high performance remote connectivity.
Barak Avitbul, Chief Executive Officer of NetNut Ltd., commented: “The aptness of NetNut’s technology and infrastructure for the requirements of the cyber-security market, entails great potential for our solution. We expect to generate a significant portion of NetNut’s revenues from this market towards the fourth quarter of 2020”.
About Version 2 Limited
Version 2 Limited is one of the most dynamic IT companies in Asia. The company develops and distributes IT products for Internet and IP-based networks, including communication systems, Internet software, security, network, and media products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 Limited offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.
About Safe-T® Group Ltd.
Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a provider of Zero Trust Access solutions which mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Safe-T’s cloud and on-premises solutions ensure that an organization’s access use cases, whether into the organization or from the organization out to the internet, are secured according to the “validate first, access later” philosophy of Zero Trust. This means that no one is trusted by default from inside or outside the network, and verification is required from everyone trying to gain access to resources on the network or in the cloud.
Safe-T’s wide range of access solutions reduce organizations’ attack surface and improve their ability to defend against modern cyberthreats. As an additional layer of security, our integrated business-grade global proxy solution cloud service enables smooth and efficient traffic flow, interruption-free service, unlimited concurrent connections, instant scaling and simple integration with our services.
With Safe-T’s patented reverse-access technology and proprietary routing technology, organizations of all size and type can secure their data, services and networks against internal and external threats.