Safe-T Acquires CyberKick, a Provider of Privacy Solutions and SaaS Security

Safe-T Group Ltd., a provider of secure access solutions and intelligent data collection, announced the acquisition of CyberKick Ltd. The closing of the transaction is anticipated next week, subject to assured customary closing situations, with delivering all mandatory documents and endorsements. Its cash concern will be funded with inner cash properties.

CyberKick is a supplier of Software-as-a-Service (SaaS) security and privacy tools, intended to decrease users’ susceptibility to threats when making them stronger in their online action, to stop and protect against a broad range of cyber intimidations as well as to deliver consumers with control of their accounts and organization of access to complex data. The acquisition will accompaniment Safe-T’s safe access assortments for establishments with clarifications against recognized and unidentified threats and enlarge its footmark in the remote users’ cybersecurity marketplace.

Conferring to unaudited consequences provided to Safe-T, the acquired business produced revenues of around $4.2 million in 2020 and was cost-effective.

CyberKick’s confidentiality solution, which was lately launched and in a little time, previously purchased by thousands of end-users, lets users to achieve their online confidentiality with a influential, safe and encoded linking, providing harmless online browsing and keeping them harmless from hackers when using indiscreet Wi-Fi networks.

iShield, CyberKicks’s security solution, is a protective  online security tool that recognizes, removes, and helps avoid security and data threats that occur unknowingly to many users while browsing online. The solution provides strong, complete safety from online cyber-attacks such as phishing, ransomware, malware, data scams, identity theft, and viruses, all on the internet gateway contact level. By recognizing the dangers and blocking the gateway in advance, the solution secures consumers before any harm is done.

About CyberKick

CyberKick was built to fight that battle to make the internet a safer place for everyone. CyberKick has a talented and ambitious team of developers who work in harmony together with experienced product enthusiasts to complete its mission a reality. CyberKick’s products consist of two critical fields of cybersecurity are Online Cyber Security and Online Privacy Protection

About Safe-T Group Ltd

Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a provider of access solutions and intelligent data collection. We also offer competent data collection cloud service based on our world’s fastest and most advanced & secured business proxy network, enabling clients to collect accurate, transparent, & sensitive data from public online sources.