Safe-T Group Ltd, a global provider of cybersecurity and privacy solutions to consumers and enterprises, announced that Safe-T was ranked as one of the 100 fastest growing companies in Israel by Statista, a leading provider of market and consumer data, and Globes, a leading financial publication in Israel.
“We are extremely proud to announce that Safe-T ranked 14th among Israel’s 100 fastest growing companies between 2018-2021 out of 1000 companies reached the final stage that were identified with high growth. Growth has been our main goal in the past three years, and we believe that the recognition by a leading international data company and Israel’s leading financial publication is a validation of our continuous efforts, and success in achieving our missions” said Shachar Daniel, Safe-T’s Chief Executive Officer.
“We established a scalable network, and a range of products and technologies, which allow us to expand our reach, support enterprise customers and private consumers, and generate consecutive growth, year after year. From January through September this year, we presented a growth of over 109% compared to the same period of 2021. Safe-T is well positioned in the enormous market of privacy and cybersecurity, and we plan to continue to manage our business efficiently to improve growth and profitability” Mr. Daniel added.
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Safe-T finished the year of 2018 with $1.4 million in revenues, while revenues for the year 2021 amounted to $10.3 million, representing a CAGR of over 91%. Momentum continues into 2022 as revenues for the nine months ended September 30, 2022, reached a record high of $13.6 million, already significantly exceeding full-year 2021 revenues.
“The Fastest Growing Companies in Israel” is a list of the top 100 companies, which rank is based on CAGR (compound annual growth rate) for the period between 2018 and 2021. This is the second year in which Globes is publishing the ranking of Statista’s fastest growing companies in Israel. The ranking was based on extensive research of thousands of private and public companies. Criteria included revenues for the years 2018 through 2021, organic growth, CAGR and more.
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Statista is one of the world’s leading data platforms for analyzing strategic markets, statistics, and providing research findings. Statista, which is headquartered in Germany and was founded in 2007, has more than 1,000 employees in 12 cities worldwide. Statista’s Research & Analysis Department conducts analyses and research for its customers, who include multinational corporations, more than 2,000 universities and technical schools, leading consultancy and management companies, advertising agencies, trade organizations, banks and financial institutions, political NGOs and many others.
