#Data #Stock News: Alarum’s
(NASDAQ, TASE: $ALAR) NetNut Enters the End-to-End Retail #AI
Data Market; @AlarumTech
#ArtificialIntelligence
Tel
Aviv, Israel, February 15, 2023 - (Investorideas.com
Newswire) Alarum Technologies Ltd. (www.alarum.io) (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider
of enterprise and consumer internet access solutions, today announced that its
Enterprise Internet Access arm, NetNut Ltd. (“NetNut”), is entering the retail
artificial intelligence (“AI”) market, landing its first retail customer for
its digital technologies and analytics for retail customers.
Read
this news, featuring ALAR in full at https://www.investorideas.com/news/2023/defense/02151ALAR-NetNut.asp
Retail
intelligence data vendors provide retailers, brand owners and e-commerce
businesses with the ability to track and analyze the entire retail process—from
product sourcing to consumer purchasing. Retail intelligence data platforms
provide insights to pricing and availability, product reviews, and inventory
analytics, as well as competitor pricing intelligence, store analytics, and
more. The analysis of data is a valuable part of the overall strategic planning
process, and often reveals many unknowns, which are extremely valuable in the
implementation of new strategies, helping businesses make better decisions and
develop an effective retail strategy.
NetNut
provides retail intelligence vendors with a cloud service which allows them to
collect retail data at scale from multiple web sites and data sources around
the world. Utilizing NetNut’s service, retail intelligence vendors can easily
collect business related data, without the need to develop complex data
collection solutions, thus freeing the vendor to focus on its business of
retail data analysis.
The
ability to access large amounts of data becomes imperative for businesses in
most sectors. Over the past year, NetNut expanded its presence in the
e-Commerce market, the detection of advertising frauds and other areas.
"As
competition in the retail market continues to accelerate, retail vendors are
required to upgrade their technological and analytical capabilities, using
advanced AI tools and big data, in order to maintain competitive advantages.
With an innovative platform that combines data collection at scale and machine
learning, NetNut's ability to provide targeted data for retailers, helps such
businesses to make data-driven decisions, such as understanding customer
behavior and optimizing management of supply chain, get insight into the
competition, identify new opportunities, and ultimately optimize their business
functions and increase profitability," said Shachar Daniel, Chief
Executive Officer of Alarum.
Mr.
Daniel added "We are proud of the wide network we established at NetNut.
We are confident in our ability to provide massive amounts of data and respond
to our customers' requirements. We intend to continue to expand our network, as
well as develop advanced solutions to meet the industry's needs".
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About Alarum Technologies Ltd.
Alarum
Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of internet access
solutions. The Company operates in two distinct segments: solutions for
enterprises and solutions for consumers.
The
solutions by NetNut, our Enterprise Internet Access arm, are based on our
world’s fastest and most advanced and secured hybrid proxy network, enabling
our customers to collect data anonymously at any scale from any public sources
over the web. 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
Consumer Internet Access arm offers privacy and cybersecurity solutions to end
users. These solutions are designed to allow users to take charge of their
online privacy with a powerful, secured and encrypted connection. The solutions
are designed for basic and advanced use cases, ensuring complete protection of
personal and digital information.
The
Company's previously developed cybersecurity solutions for enterprises are
offered by an information security provider, as a solution or cloud service.
For
more information about Alarum and its privacy and cybersecurity solutions for
enterprises and consumers, please visit www.alarum.io.
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 and the Israeli securities law. 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, Alarum is using
forward-looking statements in this press release when it discusses the benefits
and advantages of NetNut’s services, acceleration of competition in the retail
market and the industry’s needs and its potential to continue to expand its
network, as well as develop advanced solutions to meet the industry's needs.
Because such statements deal with future events and are based on Alarum’s
current expectations, they are subject to various risks and uncertainties and
actual results, performance or achievements of Alarum 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 Alarum’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, Alarum
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
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