Safe-T® Group Ltd. (NASDAQ, TASE: SFET) (Safe-T or the Company), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that on April 23, 2020, the Company retired in full its outstanding debenture debt. On April 20, 2020, the Company reported a significant decrease of approximately 93% in its liabilities of a total of $8.23 million pertaining to the convertible debentures issued in April 2019 and in subsequent convertible loan transactions undertaken by the Company.
HERZLIYA, Israel, March 18, 2020 (GLOBE NEWSWIRE) -- Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced that several organizations have successfully deployed its Secure Application Access (SAA) solution to allow work-from-home policies for their employees. This announcement follows the Company’s previous announcement on March 9, 2020 regarding offering a three-month free-of-charge remote access service for selected organizations around the globe.
HERZLIYA, Israel, May 27, 2020 -- Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced an estimated revenue range for the fourth quarter of 2019 and the entire year of 2019. The Company accomplished a year of many business achievements as well as financial improvements such as sharp revenue growth, while still achieving a material reduction of expenses. Also, the Company raised a total of $14.5 million, which supported its operations and enabled the Company’s acquisition of NetNut Ltd. Following the smooth acquisition and integration of NetNut, the Company continues enhancing the presence of NetNut’s solutions to an ever-growing market, which has resulted in increased sales over the recent months.
Safe-T® Group Ltd. (NASDAQ: SFET) (TASE: SFET), a provider of Secure Access solutions for on-premises and hybrid cloud environments, today announced that it has joined the Fortinet Fabric-Ready Technology Alliance Partner program with its Software Defined Perimeter solution, to help organizations create a secure and agile remote access suit, based on Zero-Trust concepts. The integration with Fortinet delivers an advanced Zero Trust Network Access solution to control who can access internal and cloud services and how access is granted.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today issued an update to its shareholders from its Chief Executive Officer, Shachar Daniel. As part of our product strategy in 2019, we focused our R&D and marketing efforts on our Zero Trust Network Access (ZTNA) solution. As the world keeps evolving, and in reference to the recent global crisis caused by the Coronavirus, our assumptions have proven to be correct – it is imperative that organizations be prepared and equipped with a safe and scalable remote access solution to their resources, to allow continuous work-flow and minimal downtime of their businesses.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that its wholly owned subsidiary, NetNut Ltd., has expanded into a new market with the signing of agreements with three leading companies operating in the consumer VPN sector. The agreements will allow these VPN companies to use NetNut's unique global network and provide their end users with a faster, stable, and better secured connections over the internet to various websites. NetNut’s infrastructure improves the remote connectivity, thus providing a better user experience.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Application Access solutions for on-premise and hybrid cloud environments, today announced that it is joining the battle against the world crisis caused by the COVID-19 coronavirus, by offering a three month free-of-charge remote access service for affected organizations around the globe. With the worldwide outbreak of the coronavirus, organizations of all sizes and types have closed their offices, instructing employees to remain at home and work remotely. Many organizations are not equipped to provide their entire work force with remote access to corporate resources, for both on-premise and cloud environments.
HERZLIYA, Israel, Nov. 1, 2019 /PRNewswire/ -- Safe-T® Group Ltd. (SFET) (TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced the pricing of an underwritten public offering with gross proceeds of approximately $3.5 million, before deducting underwriting discounts, commissions and other offering expenses. Each Unit will be sold at a price of $7.00 per unit, and each Pre-Funded Unit will be sold at a price of $7.00 per unit, including the Pre-Funded Warrant exercise price of $0.001 per full ADS. The Pre-Funded Warrants will be exercisable at any time after the date of issuance upon payment of the exercise price.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that it has been listed as a leading Software Defined Perimeter (SDP) vendor in a recent report by Omdia Market Research, titled “Omdia Market Radar: Zero-Trust Access; Tech Emerges for Secure Remote Access to Applications in the Cloud Era”1. Omdia (formerly Ovum) is a leading global research and advisory firm focused on technology, media, and telecoms. Omdia has combined the strengths of IHS Markit Technology, Tractica and Ovum as the powerhouse research arm for Informa Tech.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today provided an estimated revenue range for the first quarter of 2020. On a preliminary and unaudited basis, Safe-T expects to report first quarter 2020 revenue in the range between $1.05 million to $1.15 million, an increase in the range of 146% to 169%, respectively, compared to $0.427 million in the first quarter of 2019. In addition, the Company reports a significant decrease in its liabilities pertaining to the Company’s convertible debentures issued in April 2019 and in subsequent convertible loan transactions undertaken by the Company, predominately in order to finance the purchase of its IP Proxy business, NetNut Ltd. Approximately 93% of a total of $8.23 million convertible debentures were already converted by their respective lenders, with an outstanding balance of approximately $0.54 million only and respective decrease in the associated interest.
HERZLIYA, Israel, Oct. 17, 2019 /PRNewswire/ -- Safe-T® Group Ltd. (SFET) (SFET.TA), a provider of Secure Access solutions for on-premise and hybrid cloud environments, announced today that on October 11, 2019, the Company received a written notice (the "Notice") from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its American Depositary Shares was below $1.00 per share for the 30 consecutive business days prior to the Notice, between August 29, 2019 and October 10, 2019.
HERZLIYA, Israel, Nov. 5, 2019 /PRNewswire/ -- Safe-T® Group Ltd. (SFET) (TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that Nasdaq has determined that the Company has regained compliance with its minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. The Nasdaq determination is based on the closing bid price of the Company's American Depositary Shares ("ADS") being at $1.00 per share or greater for at least ten consecutive business days. As previously reported, on October 11, 2019, the Company received a written notice (the "Notice") from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its ADS was below $1.00 per share for the 30 consecutive business days prior to the Notice, between August 29, 2019 and October 10, 2019.
HERZLIYA, Israel, Nov. 27, 2019 -- Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for the hybrid cloud, today announced its financial results.
Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced that it has entered into definitive agreements with two accredited and institutional investors in connection with a registered direct offering, providing for the issuance of an aggregate of 450,000 American Depositary Shares (“ADSs”) at a purchase price of $1.60 per ADS. The offering is expected to result in gross proceeds to Safe-T of approximately $720,000. Safe-T Group intends to use the net proceeds from the offering for working capital and general corporate purposes.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET) (Safe-T or the Company), a provider of Secure Access solutions for on-premise and hybrid cloud environments, announced today the pricing of an underwritten public offering with expected total gross proceeds of approximately $8.4 million before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The securities offered by the Company consist (i) 858,600 units (the "Units") of American Depositary Shares (each, an "ADS") and warrants to purchase one ADS per warrant (the "Warrants"), with each Unit consisting of one ADS and one Warrant, and (ii) 6,777,500 pre-funded units (the "Pre-Funded Units"), with each Pre-Funded Unit consisting of one pre-funded warrant to purchase one ADS (a "Pre-Funded Warrant") and one Warrant.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of secure access solutions for on-premises and hybrid cloud environments, today announced that its wholly owned subsidiary, Safe-T Data A.R Ltd., has signed a Master Terms and Conditions Agreement with a European affiliate of a Fortune 500 global professional services company, to resell Safe-T’s products and solutions in Spain, Portugal and Israel. The new partner is providing a broad range of services and solutions in more than 120 countries in strategy, consulting, digital, technology and operations and is a global leader in applying innovative solutions for improving organizations' operations and efficiency. As part of the agreement, Safe-T will offer its Software Defined Perimeter (SDP) to the partner's top tier customers in various sectors, such as banking, insurance, industrial and others.
Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that Info Security Products Guide, the industry’s leading information security research and advisory guide, has named Safe-T Secure Application Access, a winner in the 16th Annual 2020 Info Security PG’s Global Excellence Awards® in Security Product and Service for Enterprise.
Herzliya, Israel, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that it has entered into definitive agreements with accredited and institutional investors in connection with a registered direct offering, providing for the issuance of an aggregate of (i) 269,272 American depositary shares (“ADSs”) at a purchase price of $3.15 per ADS, and (ii) 260,281 pre-funded warrants each to purchase one ADS (“Pre-Funded Warrant”). The Pre-Funded Warrant will be sold at a price of $3.15 each, including the Pre-Funded Warrant exercise price of $0.001 per full ADS. The Pre-Funded Warrants will be exercisable at any time after the date of issuance upon payment of the exercise price.
HERZLIYA, Israel, March 31, 2020 -- Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced.