The new VPN application increases synergies between Safe-T Group’s cybersecurity business and its IP proxy business and will drive future product development
HERZLIYA, Israel, December 31, 2020 – Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced the launch by its subsidiary, NetNut Ltd., of a new free consumer VPN application that will be available on all operating systems.
The new product, which will offer secure access in over 100 countries across the world, is based on the global presence of NetNut’s residential network and is expected to generate substantial user streams shortly after launch.
The new VPN application allows users to enjoy a high-quality, secured internet access experience, which up until now was available only for paying users in the VPN consumer market.
“We are excited about launching this new product today and expect it to contribute to our performance in the short term. The new VPN application helped drive our decision to enter the proxy market and will ultimately lead to increasing synergies between our defense cybersecurity unit and our proxy unit. Additionally, we are planning to expand the use of the new product in the future as a basis for new enterprise and consumer products,” said Shachar Daniel, CEO of Safe-T Group.
“We believe that the combination of a strong VPN application with our superior access network will result in one of the best products in the VPN consumer market. We are happy to offer it as a free service for end users and are also working on integrating it with Safe-T’s security solution for enterprises as part of the ZoneZero™ offering,” added Barak Avitbul, CEO of NetNut Ltd.
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.