#Data #Stock News: Alarum’s (NASDAQ, TASE: $ALAR) NetNut Enters the End-to-End Retail #AI Data Market; @AlarumTech #ArtificialIntelligence

 

#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

investors@alarum.io

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring ALAR (formerly SFET) is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#Cybersecurity #Stock News: Alarum (NASDAQ, TASE: $ALAR) Issues Letter to Shareholders; @AlarumTech

 

#Cybersecurity #Stock News: Alarum (NASDAQ, TASE: $ALAR) Issues Letter to Shareholders; @AlarumTech

 

Tel Aviv, Israel - February 8, 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 issued the following letter to shareholders by the Company's Chief Executive Officer, Mr. Shachar Daniel.

 

Read this news, featuring ALAR in full at https://www.investorideas.com/news/2023/defense/02081ALAR-Letter-to-Shareholders.asp

Dear shareholders,

I am thrilled to conclude the successful and transformational year of 2022 with a continuing strong performance into January 2023. With this letter I would like to provide you with an overview of some exciting growth catalysts we envisage for the rest of 2023.

 

We recently completed the Company's rebranding by changing our name to Alarum Technologies to reflect our transition from a traditional enterprise cybersecurity-centered company to an established leading provider of enterprise and consumer internet access solutions.

 

Alarum is everything we aimed for in the last few years, while realizing our key growth engines and crystallizing our significant competitive advantages. For us, it was all about focus, and understanding that the cybersecurity space is crowded, requiring heavy investments into constant development, and entailing relatively long sale-cycles. We therefore decided to harness our knowledge and expertise in this arena to build a cohesive and sustainable company. During the last two years, we worked to integrate the business lines and technologies we have acquired in 2019 and 2021, while focusing on the privacy market for organizations and the privacy and security market for consumers. In addition, we signed a cooperation agreement with a cyber-focused entity that took on all the expenses associated with the Company's legacy cybersecurity activities. Our efforts resulted in two solid business units that continue to grow and thrive. 2022 was an outstanding year, adding four more quarters of revenue growth that resulted in eight consecutive quarters of revenue growth, and estimated annual revenues of more than $18.5 million. January 2023 kept this momentum with estimated revenues of $1.8 million and a decreasing burn rate.

While maintaining our growth, we significantly reduced our burn rate, a trend that we believe will continue into 2023. January 2023 kept this momentum with estimated revenues of $1.8 million and a decreasing burn rate.

 

Alarum operates today in two main sectors, in which we have distinctive competitive advantages. The assets we have gained through our previous enterprise cybersecurity activities put us in an advantageous position to stand out within the Internet access arena with various solutions designed to address data access and privacy requirement for enterprises and consumers.

 

NetNut Ltd. (";NetNut"), our Enterprise Internet Access arm, is a world leading brand in its field. It offers a global web data collection cloud service, based on our proprietary traffic optimization and routing technology and network. During 2022, we doubled our network's infrastructure, which is now able to support and process billions in client requests. The scaleup in our capabilities is a result of the onboarding of several strategic customers, as well as the expansion of NetNut's network by partnering with tens of Internet Service Providers.

 

NetNut continues to generate revenue growth quarter after quarter and is cash flow positive.

Our Consumer Internet Access 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. These solutions are installed on the consumers' computers or mobile phones and are available via various browser and mobile applications stores.

 

By investing in acquiring new users, the Consumer Internet Access business model allows us to build revenue-generating assets, which are expected to yield future revenue streams. With this unique model we have successfully secured funding from a strategic investor that chose to invest directly in our customer acquisition program, as well as a credit line for working capital from a leading Israeli commercial bank to support this operation.

 

We remain agile and committed to growing responsibly and to pave our way to profitability,
which we expect will maximize our long-term business potential. We are well aware of the competitive landscape in which we are operating today and are taking the steps necessary to further develop and strengthen the Company's competitive edge. We believe that under current market's climate - the reduction in our burn rate, together with becoming cash flow positive and maintaining a strong cash position - are key in our path to provide value for our shareholders.

 

I would like to use this opportunity to thank our employees for their commitment. It is their hard work, alignment behind our strategy and dedication that enables us to deliver on our promises, and I invite you to meet part of our excellent team here.

 

We also want to thank you, our shareholders, for your continuing support, your confidence and trust. While we continue to take care of the short term, we are also building and investing for the long term, in the capabilities we need, the required knowhow and the talent to continue to create value for you, our shareholders.

 

Sincerely,

Shachar Daniel

 

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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 letter to shareholders 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 its vision for 2023, its belief that the Company will continue to significantly reduce its burn rate in 2023, NetNut's continuous growth quarter after quarter, advantages and benefits of its Consumer Internet Access solutions, that revenue-generating assets are expected to yield future revenue streams, its expectation that its path to profitability will maximize its long-term business potential, that the current market is key in the Company's path to provide value for its shareholders, that the Company is building and investing for the long term, in the capabilities it need, the required knowhow and the talent to continue to create value for its shareholders. 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
investors@alarum.io

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring ALAR (formerly SFET) is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#Cybersecurity #Stock News: Alarum Technologies Ltd. (Nasdaq: $ALAR) Launches New Corporate Website; @AlarumTech

 

#Cybersecurity #Stock News: Alarum Technologies Ltd. (Nasdaq: $ALAR) Launches New Corporate Website; @AlarumTech

 

 

Tel Aviv, Israel - January 26, 2023 (Investorideas.com Newswire) Alarum Technologies Ltd. (Nasdaq: ALAR) (TASE: ALAR) ("Alarum" or the "Company"), a global provider of cybersecurity and privacy solutions to consumers and enterprises, is pleased to announce the launch of its rebranded corporate website. The new site is now officially available, and the URL is www.alarum.io.

 

Read this news, featuring ALAR in full at https://www.investorideas.com/news/2023/defense/01261ALAR-Corporate-Website.asp

 

The new website completes the rebranding of Alarum, embodying its corporate vision and core values and reflects the Company's mission to continue to grow and to provide cutting edge privacy and cybersecurity software solutions.

 

The new corporate website provides easy access to all timely and essential information about the Company, including its financial statements, corporate presentation, news, press releases and events. Included in features of the corporate website is the ability for investors to sign up for automatic email alerts which will send them press releases, Securities and Exchange Commission filings and other Company news as soon as it becomes available. Investors can sign up for email alerts at https://www.alarum.ai/email-alerts.

 

For more information about Alarum and its privacy and cybersecurity solutions for enterprises and consumers, please visit https://www.alarum.io.

 

About Alarum Technologies Ltd.

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) 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 a 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 previously developed cybersecurity solutions for enterprises are offered by an information security provider, as a solution or cloud service.

 

INVESTOR RELATIONS CONTACTS:

Michal Efraty
+972-(0)52-3044404
michal@efraty.com

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring ALAR (formerly SFET) is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#Cybersecurity #Stock News: Alarum (Nasdaq: $ALAR) Provides Preliminary Guidance of its Revenues and Cash Balance for 2022; @AlarumTech

 

#Cybersecurity #Stock News: Alarum (Nasdaq: $ALAR) Provides Preliminary Guidance of its Revenues and Cash Balance for 2022; @AlarumTech

 

Revenue Estimated to Reach Record-Breaking Achievement of More Than $18.5 Million with 80% YOY Growth

 

Tel Aviv, Israel, January 25, 2023 (Investorideas.com Newswire) -- Alarum Technologies Ltd. (Nasdaq: ALAR) (TASE: ALAR) (“Alarum” or the “Company” – formerly known as Safe-T Group Ltd.), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today provided preliminary revenue and cash balance guidance for the fourth quarter and full year ended December 31, 2022.

 

Read this news in full at https://www.investorideas.com/news/2023/defense/01251ALAR-Preliminary-Guidance.asp

 

Based upon a preliminary, unaudited review, Alarum expects to report revenues for the full year ended December 31, 2022, of more than $18.5 million, compared to revenues of $10.3 million reported in the full year ended December 31, 2021, representing growth of approximately 80%. Revenue growth continues to be driven by the Company’s ongoing investment in its leading privacy products. Revenues for the fourth quarter ended December 31, 2022, were approximately $5 million, an increase of approximately 35% compared to $3.7 million reported for the fourth quarter ended December 31, 2021.

 

The Company’s preliminary cash and cash equivalents balance as of December 31, 2022, aggregated to approximately $3.4 million. This balance does not reflect a potential of up to additional $2.7 million in funds that may be made available pursuant to the secured credit facility and investment financing entered into by the Company during 2022.

 

Shachar Daniel, Chief Executive Officer of Alarum, stated, "We are pleased to have made these achievements during 2022 with growth of 80% year-over-year, and the eighth consecutive quarter of record revenues."

 

"An additional milestone we accomplished this year was turning our subsidiary, NetNut Ltd., to a profitable company, while accelerating its revenue growth. The Company’s overall burn rate was significantly reduced in the third and fourth quarters of 2022, and we expect this trend to continue in 2023," Mr. Daniel added.

 

Alarum expects to release the fully reviewed and audited financial statements on or before March 31, 2023.

 

About Alarum Technologies Ltd.

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) 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.

 

Via 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 a 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 previously 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 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 preliminary unaudited estimates of revenues and revenue growth for the fourth quarter and full year ended December 31, 2022, its preliminary cash and cash equivalents balance as of December 31, 2022, the potential for additional funds under the secured credit facility and investment financing, the drivers of the Company’s revenue growth, future revenue growth, the expectation that the decrease in Company’s cash burn rate will continue in 2023, and overall performance. 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.

 

The Company is providing revenue, cash and cash equivalents balance estimates in this press release, rather than final amounts, primarily because the financial closing process and review are not yet complete and, as a result, the Company’s final results upon completion of its closing process and review may vary from these preliminary estimates.

 

INVESTOR RELATIONS CONTACTS:

Michal Efraty

+972-(0)52-3044404

investors@alarum.io

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring ALAR (formerly SFET) is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#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

#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

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring SFET is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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