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Safe-T Group shares pop on order from Israeli beverage company

The order allows the company to determine which applications each user can access

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Safe-T Group provides security solutions

Safe-T Group Ltd (NASDAQ:SFET) soared Monday after receiving an order from the largest beverage company in Israel.

Israel-based Safe-T said it would integrate the beverage company's solutions for secure sharing of information through several methods, including granting internal and external users' permissions to applications through its SDA solution platform.

Safe-T shares jumped almost 45% to $3.98 in US premarket trading.

The company's SDA solution is designed to provide organizations with end-to-end data protection by controlling both access and usage.

The solution enables the company to determine which applications each user can access, as well as restricting access to certain applications and services without any action required on the remote user's machine.

Safe-T Group provides security solutions in Israel, North America, the Asia-Pacific, Africa and Europe.

 

Contact Rene Pastor at [email protected]

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