Safe-T Group Ltd (NASDAQ:SFET) (TASE:SFET) said its subsidiary has signed a distribution agreement with Philemon Security USA.
Under the agreement, Philemon will offer the company’s ZoneZero solutions to Federal agencies and commercial markets with system integrators, managed security service providers, and tier one and two resellers in North America, while also becoming Safe-T’s lead distributor in the region.
WATCH: Safe T Group reveals a 50% jump in revenue within its 2020 full-year results
“Safe-T offers extensive enrichment, surpassing currently available cybersecurity access measures over networks. Network Security is the key focus for Philemon, and we searched for a partner that would enhance and complete our solution. Safe-T’s products on their own would significantly augment customers' current security posture of most corporate networks. We see immediate market benefits especially during the current climate, where remote work is rapidly becoming the norm of working life. More importantly, Philemon also sees Safe-T as the prime vendor of Network Security in Philemon’s portfolio,” said Philemon chief executive Keith Mortier.
“Our innovative ZoneZero solution is an ideal fit for Philemon’s partners and end-customers' profile, and their commitment to supply the market with the most advanced cybersecurity solutions. As federal agencies become a popular target for hackers, we believe that our solutions, coupled with Philemon’s considerable experience in this sector, can bring significant benefits for both companies,” added Safe-T’s chief business officer Avi Rubinstein.
Contact the author at calum@proactiveinvestors.com
Follow him on Twitter @Cal_Proac