Safe-T Group Ltd said it has entered into an agreement with TerraZone Ltd for the development and sales of ZoneZero - its Zero Trust Network Access (ZTNA) product technology.
TerraZone, based in Israel, is a specialist focused on providing customers in enterprise and government markets with an array of advanced information technology and cyber security services.
Under the terms of the agreement, TerraZone will co-locate staff in Safe-T’s headquarters and will be responsible for all sales, marketing, product development, and support of ZoneZero. TerraZone will also be responsible for maintaining and expanding all global customer and partner programs.
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As a result of the agreement, Safe-T said it expects to reduce operating expenses at its Enterprise Cybersecurity business unit starting by the end of the first quarter of 2022. Safe-T also will maintain all rights and IP for its technology and products.
“TerraZone is led by an accomplished group of cybersecurity veterans, a team which we believe can help us accelerate ZoneZero’s further penetration into the global enterprise market," said Eitan Bremler, vice president of product strategy at Safe-T, in a statement.
"Furthermore, through this agreement, Safe-T will be able to leverage TerraZone’s expertise, reduce our ongoing sales, marketing, and development investments into ZoneZero, while still maintaining the benefit from the vast potential of ZTNA."
Safe-T has established a global partnership network for ZoneZero in the US, Europe, and the Asia-Pacific region, addressing the needs of customers across many enterprise verticals. Safe-T said TerraZone intends to leverage those connections, working closely with the Safe-T team and partners to support current clients and further advance the penetration of ZoneZero with new customers.
“We are excited by the sizable potential we see for ZoneZero as the enterprise security market moves to embrace the many benefits of ZTNA," said Ofir Zvik, chief technology officer for TerraZone
"In the short time since ZoneZero was introduced, it has quickly gained recognition by many of the industry’s leading analysts including Gartner, Forrester, Frost & Sullivan, and Quadrant, and established a global network of channel partners such as Fujitsu and DataGroup. It is our intent to fully leverage the impressive foundation that Safe-T has created for ZoneZero, working with the team to drive deeper into the enterprise security market."
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