Safe-T Group (NASDAQ:SFET) Ltd CEO Shachar Daniel reports that the company continues to reach key milestones to become a leader in the global cybersecurity and privacy industry.
“We achieved the main goals we set two years ago: acquisition of innovative technologies and talented entrepreneurs while growing significantly,” Daniel said in a letter to shareholders.
“We are fully committed to pursuing these objectives. The cybersecurity and privacy protection sectors are growing exponentially amid the incredible volume of cyber-attacks on organizations and individuals, which are turning Internet and home computers to dangerous tools.”
READ: Safe-T reveals acquisition of SaaS security and privacy solutions provider CyberKick
Daniel noted that the company’s recent and latest acquisition of CyberKick Limited, a provider of Software-as-a-Service (SaaS) security and privacy tools to counter threats, is already impacting the company’s bottom line. So far, thousands of CyberKick customers have been integrated into Safe-T’s operations.
Upon the integration of CyberKick, in addition to Safe-T’s organic growth, Daniel said the company finished July 2021 with more than $1 million, representing a run rate, on an annual basis, that may lead to a significant annual growth compared to 2020 revenues.
“With the CyberKick acquisition completion, we are now one step closer to our vision of providing comprehensive cybersecurity and privacy solutions to both enterprises and consumers,” he said. “CyberKick has a very strong and broad marketing capabilities that join our wide partners network, direct sale operations and our online channels of sales. Our goal is to continue the growth of our business through meaningful innovation and partnering with accomplished cybersecurity entrepreneurs.”
Looking ahead, Daniel said Safe-T’s vision is to keep and deepen its position as an innovative and fast-growing company, serving both organizations and consumers.
“In the coming years, we will continue to adhere to rapid growth while offering innovative, groundbreaking products and joining talented entrepreneurs and technologies along our journey to become a market leader in our industry,” Daniel added.
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