Safe-T's Newest Consumer Privacy Solution Surpasses 10,000-Subscriber Milestone
HERZLIYA, Israel, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Safe-T® Group Ltd. (NASDAQ, TASE: SFET) (“Safe-T” or “the Company”), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today announced that it has reached a monthly recurring revenue (MRR) milestone for its recently introduced privacy solution for Apple mobile devices via the App Store, which is now serving more than 10,000 subscribers worldwide.
2021 witnessed growing demand from consumers looking for effective solutions to keep their identities private, strengthening their online safety and anonymity. Seeking to provide consumers with an alternative to existing, often slow and unreliable VPN technology, the Company’s new privacy solution was launched in early 2021 through a phased product introduction program. Since its launch, the consumer privacy product has recorded significant subscriber revenue growth, averaging over 50%, quarter-over-quarter. The Company ended 2021 with more than 10,000 paid subscribers, with significant presence in the United States. Recently, the Company has seen strong interest in its solution from users in countries that are invoking more restrictive policies for online activity. To capitalize on the growing interest for enhanced consumer privacy, the Company intends to ramp-up global marketing of the product through the first half of 2022 and launching its availability on Android mobile devices and personal computers.
“It is clear that consumers around the world are increasingly seeking solutions to keep their data and online activities private as the need for privacy is no longer only a priority for large organizations, governments and public institutions. VPN solutions have become a mainstream tool, now helping millions of users around the world protect their privacy, and that adoption is accelerating. That is why Safe-T is committed to advancing its privacy offerings with features and capabilities that we believe will further differentiate us in the market,” said Eitan Bremler, VP of Product strategy at Safe-T.
Shachar Daniel, Chief Executive Officer of Safe-T, added, “Since we acquired our consumer products business this past summer, our team has been successful in introducing a number of exciting new products and capabilities, and we are very pleased with their early performance. The growth in our consumer business is a significant factor behind our expected record 2021 financial performance announced last week, driving our full-year revenue above $10 million, a year-over-year growth of more than 100%. We are confident in the potential of our consumer business and look forward to realizing the untapped value we see as millions of consumers seek new cybersecurity and privacy solutions.”
About Safe-T Group Ltd.
Our cyber-security 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.
ZoneZero® cyber-security solutions for enterprises, designed for cloud, on-premises, and hybrid networks, mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Organizations’ access use cases, whether from outside the organization or within the organization, are secured according to the “validate first, access later” philosophy of Safe-T’s zero trust.
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 is the only one comprised of both millions of residential exit points 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.
For more information about Safe-T, please visit www.safetgroup.com.
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