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 that Safe-T
was ranked as one of the 100 fastest growing companies in Israel by
Statista, a leading provider of market and consumer data, and
Globes, a leading financial publication in Israel.
“We are extremely proud to announce that Safe-T
ranked 14th among Israel’s 100 fastest growing companies between
2018-2021 out of 1000 companies reached the final stage that were
identified with high growth. Growth has been our main goal in the
past three years, and we believe that the recognition by a leading
international data company and Israel's leading financial
publication is a validation of our continuous efforts, and success
in achieving our missions" said Shachar Daniel, Safe-T's Chief
Executive Officer.
"We established a scalable network, and a range
of products and technologies, which allow us to expand our reach,
support enterprise customers and private consumers, and generate
consecutive growth, year after year. From January through September
this year, we presented a growth of over 109% compared to the same
period of 2021. Safe-T is well positioned in the enormous market of
privacy and cybersecurity, and we plan to continue to manage our
business efficiently to improve growth and profitability" Mr.
Daniel added.
Safe-T finished the year of 2018 with $1.4
million in revenues, while revenues for the year 2021 amounted to
$10.3 million, representing a CAGR of over 91%. Momentum continues
into 2022 as revenues for the nine months ended September 30, 2022,
reached a record high of $13.6 million, already significantly
exceeding full-year 2021 revenues.
“The Fastest Growing Companies in Israel" is a
list of the top 100 companies, which rank is based on CAGR
(compound annual growth rate) for the period between 2018 and 2021.
This is the second year in which Globes is publishing the ranking
of Statista's fastest growing companies in Israel. The ranking was
based on extensive research of thousands of private and public
companies. Criteria included revenues for the years 2018 through
2021, organic growth, CAGR and more.
The full rank is available here.
Statista is one of the world's leading data
platforms for analyzing strategic markets, statistics, and
providing research findings. Statista, which is headquartered in
Germany and was founded in 2007, has more than 1,000 employees in
12 cities worldwide. Statista's Research & Analysis Department
conducts analyses and research for its customers, who include
multinational corporations, more than 2,000 universities and
technical schools, leading consultancy and management companies,
advertising agencies, trade organizations, banks and financial
institutions, political NGOs and many others.
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.
The ZoneZero® cybersecurity solutions for
enterprises are available by our reseller, TerraZone Ltd., a global
information security provider, as a solution or cloud service. The
solutions, 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.
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 its ability to expand its reach, support
enterprise customers and private consumers and generate consecutive
growth, year after year, as well as its ability to manage its
business efficiently to improve growth. 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. References and
links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release. Safe-T is not responsible for
the contents of third-party websites.
INVESTOR RELATIONS CONTACTS:Michal
Efraty
+972-(0)52-3044404 investors@safetgroup.com
Safe T (NASDAQ:SFET)
Historical Stock Chart
From Aug 2024 to Sep 2024
Safe T (NASDAQ:SFET)
Historical Stock Chart
From Sep 2023 to Sep 2024