#Cybersecurity #Stock News: Safe-T Group (NASDAQ: $SFET) Announces Corporate Rebranding Changes Name to Alarum Technologies Ltd. to Reflect Core Values of its Growing Business; @SafeTGroupltd
Tel
Aviv, Israel - January 12, 2023 (Investorideas.com 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 corporate rebranding in response to accelerated company growth. At
the heart of this rebranding is a change of the Company’s name to Alarum
Technologies Ltd. to embody its corporate vision and core values.
Read this news, featuring SFET in full at
https://www.investorideas.com/news/2023/defense/01121SFET-Rebranding-to-Alarum-Technologies.asp
The new name, Alarum, is derived from the Latin word for
"warning" and is rooted in the Company's focus and commitment to
provide advanced privacy and cybersecurity solutions.
Over the past 18 months, the Company anchored its position as
the market leader of cybersecurity and privacy solutions. It has experienced
significant growth, which reflects the increasing recognition by private and
enterprise customers that choose the value-added benefits of the Company's
various solutions. The rebranding as Alarum better reflects the Company's
current business as a provider of cybersecurity and privacy solutions for
consumers and enterprises, and better expresses the Company's evolving identity
and diversified growth ambitions.
Chief Executive Officer, Shachar Daniel, commented: "At Alarum, our
mission is to enable a secure network environment and protect organizations and
individuals from privacy breaches and cyber-attacks. Our commitment to our
customers, partners and shareholders remains our highest priority and we are
excited to embark on this new chapter under the Alarum brand."
The rebranding includes a new name and an update to the
Company's corporate logo and website. Alarum's Nasdaq and TASE trading symbols
will change to ALAR. The Company will continue to trade under its current name
until regulatory processes are finalized. The Company expects the transition to
be completed and take effect on January 25, 2023. There will be no change to
the Company's CUSIP number.
"Over the past two years we have taken substantial steps to
become the company we are today - a strong privacy and cybersecurity provider,
serving both enterprises and consumers around the world, and presenting
continuous growth in revenue. Our rebranding to Alarum is consistent with our
business direction and targets we are aiming for in the next few years",
said Shachar Daniel.
About Safe-T Group Ltd.
Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) is a global
provider of digital privacy and cyber-security and solutions. The Company
operates in two distinct segments: solutions for enterprises and solutions for
consumers.
NetNut Ltd., 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 and privacy solutions for consumers provide privacy blanket
against online threats as well as a powerful, secured, and encrypted
connection, masking users' online activity and keeping them safe from hackers.
The solutions are designed for basic and advanced use cases, ensuring complete
protection of personal and digital information.
The Company's previous developed cybersecurity solutions for
enterprises are offered by an information security provider, as a solution or
cloud service.
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, the Company is
using forward-looking statements in this press release when it discusses its
rebranding, the change of its name, trading symbols and timing thereof, its
growth and the increasing recognition by private and enterprise customers, its
mission, business direction and targets. 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.
INVESTOR RELATIONS CONTACTS:
Michal Efraty
+972-(0)52-3044404
michal@efraty.com
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