PRESS RELEASE

Safe-T Listed as a Leading SDP Vendor in Omdia Report

Mar 24, 2020

Omdia (formerly Ovum) is a leading global research and advisory firm, focused on technology, media, and telecoms.

HERZLIYA, Israel, March 24, 2020 – Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that it has been listed as a leading Software Defined Perimeter (SDP) vendor in a recent report by Omdia Market Research, titled “Omdia Market Radar: Zero-Trust Access; Tech Emerges for Secure Remote Access to Applications in the Cloud Era”[1]. Omdia (formerly Ovum) is a leading global research and advisory firm focused on technology, media, and telecoms. Omdia has combined the strengths of IHS Markit Technology, Tractica and Ovum as the powerhouse research arm for Informa Tech.

The report, published on March 17, 2020, explored two types of Zero Trust Access (ZTA) offerings: SDP and Identity-Aware Proxy (IAP). The difference between the two is mainly in the way these services are delivered. SDP can be acquired as a software and deployed on a service provider’s own network while IAP is a service, offered by vendors operating their own network. One of the major benefits of the SDP approach is that IAP often adds latency to the data traffic, which can negatively impact performance.

According to Omdia, “Safe-T’s architecture for delivering this [SDP] comprises three servers: the Authentication Gateway, the Access Gateway, and the Access Controller. It offers a patented reverse access technology, where requests for access come in from external users or applications and are intercepted by the Safe-T Access Gateway, which resides outside the firewall.”

Safe-T’s patented reverse access technology removes the need to open any ports within a firewall while allowing secure application access between networks (through the firewall). It also logically segments networks to prevent lateral movement by attackers and supports client-less and VPN-less application access.

Omdia found that, “Safe-T provides four different deployment configurations to meet different organizations’ needs. In addition, via its ZoneZero™ product, it allows for flexibility in the relationship with an existing VPN so that Safe-T’s Secure Application Access can work in place of or next to an existing VPN, allowing for a transition from VPN to zero trust to be a managed journey.”

According to the report, “There are already some aggressive forecasts, with one analyst suggesting that as many as 60% of the VPNs in place today will be replaced by some form of ZTA technology by 2023. Given the size of the VPN market, this would put the value of the ZTA market at somewhere between $20bn and $24bn by 2023.” Safe-T is allowing organizations to reap the benefits of ZTA technology in place of VPN in a simple and secure manner. In fact, the report gave Safe-T’s SDP high marks across each category and was named one of the only ZTA solutions capable of entirely replacing VPNs.

“Safe-T’s ability to deliver Software-Defined Perimeter as agentless technology, together with its ability to enable gradual migration from traditional VPNs to SDP with its ZoneZero™ product, are compelling reasons to consider the vendor if you are planning a Zero-Trust Access deployment,” said Rik Turner, Principal Analyst at Omdia.

Safe-T’s Secure Application Access (SAA) solution is changing the way organizations grant secure external access to their services. The solution offers secure and transparent access for all types of entities (people, applications, and connected devices) to any internal application, service and data, for example HTTP/S, SMTP, SFTP, SSH, APIs, RDP, and WebDAV. By implementing Safe-T’s patented reverse-access (outbound) technology, Safe-T SAA eliminates the need to open incoming ports in the organization’s firewall.

“We are honored to be mentioned in the report. Our high scores reflect our continuous efforts to provide the best SDP solution to the market,” said Shachar Daniel, CEO of Safe-T. “As VPNs become less and less fit for use, we are pleased to be able to deliver solutions that help organizations establish a Zero Trust strategy across their networks.”

About Safe-T®
Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a provider of access solutions which mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Safe-T’s cloud and on-premises solutions ensure that an organization’s access use cases, whether into the organization or from the organization out to the internet, are secured according to the “validate first, access later” philosophy of zero trust. This means that no one is trusted by default from inside or outside the network, and verification is required from everyone trying to gain access to resources on the network or in the cloud.

Safe-T’s wide range of access solutions reduce organizations’ attack surface and improve their ability to defend against modern cyberthreats. As an additional layer of security, our integrated business-grade global proxy solution cloud service enables smooth and efficient traffic flow, interruption-free service, unlimited concurrent connections, instant scaling, and simple integration with our services. With Safe-T’s patented reverse-access technology and proprietary routing technology, organizations of all size and type can secure their data, services, and networks against internal and external threats. At Safe-T, we empower enterprises to safely migrate to the cloud and enable digital transformation.

Safe-T’s SDP solution on AWS Marketplace is available here.

For more information about Safe-T, visit www.safe-t.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Safe-T is using forward-looking statements in this press release when it discusses the validation of its solutions as part of the Zero Trust Access (ZTA) offerings, the potential of its product and ability to provide market requirements and market size forecasts. Because such statements deal with future events and are based on Safe-T’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Safe-T could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Safe-T’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 26, 2019, and in any subsequent filings with the SEC. Except as otherwise required by law, Safe-T undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Safe-T is not responsible for the contents of third-party websites.

PRESS CONTACT
Karin Tamir
Karin.Tamir@safe-t.com
T: +972-9-8666110

[1] © Omdia.  All rights reserved.

 



Yehuda Halfon

Board Member

Mr. Yehuda Halfon has served on our board of directors since March 2016 and was appointed for a second three-year term as an external director in May 2019. Since 2009, Mr. Halfon has served as the chief executive officer at Cooperica property Ltd., which owns and manages a large geriatric center and other real estate properties in Israel. In addition, and since 2011, Mr. Halfon has served as the chief financial officer of Local Developing Germany GmbH, which owns a large portfolio of residential assets in Germany. Mr. Halfon holds a B.A. in Accounting & Economics from the Hebrew University in Jerusalem and an MBA from the Open University of Israel. Mr. Halfon is a certified CPA in Israel.

Moshe Tal

Moshe Tal

Board Member

Mr. Moshe Tal was appointed to our board of directors in May 2019, to serve as an external director. He serves as a partner with Shtainmetz Aminoach & Co. accounting, a CPA (Isr) Israeli Certified Public Accountant, Investment and Consulting firm. Mr. Tal is also a lecturer at the College of Management, Academic Studies and Department of Accounting at the Interdisciplinary Center in Herzliya. Mr. Tal served in the Israeli tax Authority for 13 years and has vast experience with tax regulations and laws, both in Israel and outside of Israel. Between 2011 and 2013 Mr. Tal served as a director of Dash Ipax Holdings Ltd. and from 2010 until 2018 as a director at Netz Group Ltd. Mr. Tal is a certified Israeli public accountant.

Lior Vider

Lior Vider

Board Member

Mr. Vider has over 15 years of experience in managing financial portfolios and investments, in organizations such as Ilanot Discount and Rakia Capital Markets. Mr. Vider is currently a Senior Investment Portfolio Manager at Epsilon Investment House Ltd., and in parallel is the founder, owner and manager of sponser.co.il, one of the leading financial portals specializing in services for investors. Mr. Vider is also an occasional contributor on capital markets and other economic issues in NRG.co.il, Calcala, Globes Business News, The Marker and the business section of The Jerusalem Post.

Eylon Jeda

Board Member

Mr. Eylon Geda has over 20 years of extensive investment experience. Prior to founding Beta Capital Management, a private consultancy firm in 2008, Mr. Geda held various positions in the fields of security research and investment management with several Israeli financial institutions. Mr. Geda holds an M.Sc degree in Finance and Accounting and a BA degree in Economics and Management Studies from Tel-Aviv University and he is a certified Financial Risk Manager (FRM) by GARP','Eylon Jeda



Yabing Wang

Advisory Board Member

Yabing Wang is the Deputy CISO at Carrier Corporation. She is responsible for security architecture and engineering for Identity and Access Management, as well as security technologies and tools for all cybersecurity domains. Yabing is also leading security strategies and executions including the Office of CISO and Program Management Office. Yabing has more than 20 years of extensive experience in technology and cybersecurity. She also has a track record of leading cybersecurity organizations, setting security strategies and delivering security capabilities to the enterprise. Yabing thrives to solve business problems, not technical problems, and partner with technology and business to make security as a differentiator and value-add for the business. Prior to Carrier, Yabing was the Vice President of Global Security at Alight Solutions and the Chief Security Architect at Allstate Insurance Company. Yabing also worked at Netscape Communications after she obtained her Master’s Degree in Computer Science from the University of Illinois at Urbana-Champaign.

Richard Greenberg, CISSP

Advisory Board Member

Richard is a well-known Cyber Security Leader and Evangelist, CISO, Advisor, and speaker. Richard brings over 30 years of management experience and has been a strategic and thought leader in IT and Information Security. His Project Management, Security Management and Operations, Policy, and Compliance experience has helped shape his broad perspective on creating and implementing Information Security Programs. Richard has been a CISO, Director of Surveillance and Information Systems, Chief of Security Operations, Director of IT, and Project Manager for various companies and agencies in the private and public sectors. Richard is an Information Systems Security Association (ISSA) Distinguished Fellow, and has received their Honor Roll designation. He has also been selected as a finalist for both the (ISC)2 Americas Information Security Leadership Award in the Senior Information Security Professional category and the Los Angeles Business Journal CIO of the Year in Security. Richard serves on the OWASP Global Board of Directors, leads the OWASP LA Chapter, and has been Co-Chair of the highly successful AppSec California conferences. Richard also is President of the Information Systems Security Association Los Angeles Chapter and is Chair of their widely recognized annual Security Summit and CISO Forum.

 







Amir Mizhar

Founder - President & Chief Software Architect

Amir Mizhar is the Chief Software Architect of Safe-T and leads the company's vision, research and development, delivering the industry’s best enterprise security solutions, while streamlining security into critical business workflows. Prior to founding Safe-T, Amir founded and led eTouchware, acting as Chief Software Architect for an innovative file sharing system with over 500,000 users. As founder and CEO of M-Technologies, Amir led the vision and creation of online collaboration tools, and online merchandising systems for retail markets. Developing commercial software programs since the age of 13, Amir is an expert ethical hacker and currently holds multiple patents in the area of data transfer over communication networks.

Eitan Bremler

Co-Founder & VP Products and Technology

Eitan Bremler is responsible for overall global Marketing and Product Management activities of Safe-T, including product strategy and roadmap, product marketing, positioning, and go-to-market. In addition, Eitan is responsible for working with Safe-T’s strategic customers and technology partners, leading the technology relationships with the company’s service providers, OEM, and business development partners. Eitan brings to Safe-T more than 15 years’ experience in marketing, product marketing and product management roles. Prior to joining Safe-T, he held multiple product management and product marketing positions at Radware and Radvision, an Avaya company.

Shai Avnit

Chief Financial Officer

Shai Avnit leads Safe-T’s regulatory, corporate governance, and all financials affairs including taxation, accounting, budgeting, cashflows and financing. He has extensive experience in managing financial, operational, administrative, and regulatory affairs in companies within the medical device, consumer electronics and software fields. He served as CFO and other leading financial positions in several hi-tech companies, both public and private, Including Card Guard Scientific Survival (currently LifeWatch), Valor Computerized Systems, ProSight, BriefCam and others. He holds a B.A. in Accounting & Economics as well as an M.B.A. with majors in Finance & Marketing, both from Tel Aviv University.

Dafna Lipowicz

VP of Human Resources

In her role, Dafna leads all HR activities at Safe-T, including: partnering with management team to advance and support the company vision and strategy, developing strategic HR plans and policies (training, compensation and benefits, etc.), organizational and managers development, recruitment and welfare. Dafna brings to Safe-T more than 17 years of experience in various HR managerial roles, in global and complex organizations as well as in growing start-ups (such as SanDisk, Logic Industries and Mantis Vision), specializing in establishing and leading HR departments, initiating and building organizational development, according to company strategy, management consultant, talent management and recruitment. Dafna holds both an LLB and an MA in Labor Studies from Tel Aviv University. She is also a certified mediator and group facilitator.

Hagit Gal, Adv.

Legal Counsel

Hagit leads Safe-T’s legal and compliance activity, providing ongoing legal advice regarding corporate and commercial matters. Hagit brings with her extensive experience from her role at B.S.D. Crown Ltd. (LSE: BSD – formerly, Emblaze Ltd.). At B.S.D., Hagit led several corporate transactions, including mergers and acquisitions, fundraising, IPOs and other equity related offerings of both publicly and privately held companies with an emphasis on the tech sector. In addition, Hagit was responsible for the direction of corporate governance practices and regulatory compliance, structure, negotiation and drafting of commercial agreements, intellectual property, human resources and payroll, investor relations and more. She holds a Bachelor of Laws (LL.B) with a major in Commercial and Civil Law from The Academic Center of Law and Science.

Marcio Lempert

Advisory Board Chairman

Over the last 25 years, Marcio Lempert has held top management positions (CEO, SVP, Managing Director, Sales Operations) in hi-tech companies all over the world. Marcio has proven the ability to turnaround, grow profitable business and lead various hi-tech disciplines: Sales, Marketing, R&D, PM, Support, Finance and Operations.Marcio has managed sales & operations for a wide range of products and technologies, such as networking, enterprise software and cyber/IT security.During his last position at Finjan Software Security, Marcio was instrumental in leading the acquisition of the company by M86 Security and subsequently the acquisition by Trustwave in 2012.After 2012, Marcio has been involved in social projects as a volunteer and mentor at several non-for-profit organizations and later served in the position of CEO of Dualis – a Social Investment Fund whose vision is the promotion of social impact through for-profit social businesses.

Eran Ziv

Advisory Board Member

Eran Ziv has 30 years of high-tech and IT/telecom industry sales, marketing and management experience. He is the founder and CEO of SecurityDAM. A RAD Group company, involved in cloud security solutions. Prior to that, he served as the President of International Systems Division at Enablence Technologies Inc. and CEO and President of Teledata Networks Ltd. Organizations dealing with NGN (New Generation Network) solutions for the wired Telco markets. Eran was appointed as Teledata Networks Ltd. CEO and President in 2006, leading an intensive turnaround, resulting of successful accusation by Enablence Technologies Inc. in 2010. Prior to that, He served as President of Allot Communications Ltd. leading the company from early stage startup to a profitable NAZDAQ IPO organization. Eran joined Allot from his previous position as Vice President of Sales and Marketing for VocalTec Ltd. Prior to that, he served as the President and Chief Executive Officer of RADLINX (a RAD Group company), which was acquired by VocalTec in 1997. Before joining RADLINX, he held senior sales and marketing positions at Lannet Ltd. and Bynet Ltd. Eran holds a B.Sc. from the Technion – Israel Institute of Technology.

Avi Rubinstein

Chief Business Officer

Avi is the Chief Business Officer at Safe-T. Prior to joining Safe-T, Avi co-founded Inpedio and served as its CEO between 2016 and 2019. After serving as co-founder of Ectel, GM Ectel US Inc., he led Ectel’s IPO in Nasdaq in 1999 and was the co-founder of StorWiz in 2004, which was acquired by IBM in 2010. He also was the co-founder and CEO of VideoCodes in 2004, which was acquired by Thompson in 2008. In addition, Avi participated in the 2014-2015 turn-around of Nice Intelligence Division (Ticker NICE) which transformed it into a Cyber player and was acquired by Elbit in 2015. Avi also served as advisory board member in Safe-T and CyberX (Cyber defense for Critical infrastructure).

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Chen Katz

Chairman of the Board

Chen Katz is the Chairman of the Board of Directors of Safe-T. Mr. Katz is the CEO of TechnoPlus Ventures Ltd., an independent investment company based in Israel, commenced its investment activities in 1997 and has been traded on the Tel-Aviv Stock Exchange (TASE: TNPV) since 1999. Mr. Katz has over 18 years of experience in identifying, deal structuring, executing and managing investments in companies and ventures of all maturity levels as well as fundraising, private placements, IPOs, PIPEs, Rights Offerings and M&A transactions. Mr. Katz currently serves as the Chairman of the board of Nanomedic Technologies Ltd. and Nicast Ltd. and serves as a director in Aminach Furniture and Mattresses Industry Ltd., CompuLap Ltd., and RapiDx Ltd. Mr. Katz also served on the board of directors of D-Led Illumination Technologies Ltd. and Shekel Scales (2008) Ltd. Mr. Katz holds a European Master in Law and Economics (EMLE) from the Complutense University of Madrid and an LL.B. from the University of Haifa, both magna cum laude.

Shachar Daniel

Co-founder and CEO

Shachar Daniel is the CEO at Safe-T and one of its co-founders. In his role, he is responsible for the overall vision, company strategy, day-to-day operations, and for growing Safe-T’s business and presence around the world. Shachar brings to Safe-T more than 14 years of experience in various managerial and business roles. Prior to founding Safe-T, he was program manager at Prime-sense, head of operations for project managers at Logic and project manager at Elbit Systems. He is an experienced manager with a passion and high commitment for project delivery. Shachar holds an Executive MBA from The Hebrew University, an MBA from The College of Management Academic Studies in Israel and a B.Sc. in Industrial Engineering from The Holon Institute Technology.