NetNut

growth-positive

Safe-T Groups subsidiary, NetNut Ltd., has launched its Dynamic Residential Proxy network in Europe and Asia. The new proxy network will provide diverse, reliable, and robust proxy solutions for customers. NetNut plans to expand its offerings to additional territories and release new products in the coming months. The launch of the dynamic residential network in Europe and Asia is part of NetNuts strategy to become a one-stop-shop for all proxy-related business requirements. Safe-T Group provides Zero Trust Access solutions for enterprises secure access needs.

growth-positive

Safe-T Group Ltd. has announced its agreement to acquire NetNut Ltd., a company focused on business proxy network solutions. The acquisition is valued at $9.7 million, to be paid in a combination of equity and cash. Safe-T has also entered into definitive agreements with two U.S. institutional investors for a $6 million convertible loan, primarily to finance the cash portion of the acquisition. NetNut has shown significant revenue growth and has no debts or long-term liabilities. The acquisition will allow Safe-T to offer a cloud-based Software Defined Access service by combining its technology with NetNuts global proxy network services. Safe-T aims to enhance security and control for its customers. The closing of the transaction is subject to shareholder approval and other customary closing conditions.

growth-positive

Safe-T Group Ltd. has signed an agreement to acquire NetNut Ltd. in a cash and equity deal. Safe-T will pay NetNut shareholders $9.7 million, with $6 million financed through a convertible loan from unspecified U.S. institutional investors. Safe-T offers anti-hacking services to financial institutions and commercial companies, while NetNut provides secure business proxy network services. The acquisition is expected to have a positive impact on Safe-Ts growth.