Safe-T Group Ltd. (NASDAQ: SFET) 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.
The Coronavirus pandemic (COVID-19) has created unprecedented working challenges for companies as well as for private users across the globe, and remote access tools are helping them meet these challenges. NetNut's infrastructure improves the remote connectivity, thus providing a better user experience.
NetNut's network, based on its unique technology and partnerships with hundreds of residential Internet Service Providers around the world, is a leading solution, enabling enterprise customers to access the internet from various locations in a similar manner as local users, without compromising the quality and stability of the connections. This advantage is specifically important for cyber-security companies seeking to equip their customers with high performance remote connectivity.
Barak Avitbul, Chief Executive Officer of NetNut Ltd., commented: "The aptness of NetNut's technology and infrastructure for the requirements of the cyber-security market, entails great potential for our solution. We expect to generate a significant portion of NetNut's revenues from this market towards the fourth quarter of 2020".