Safe-T Group Ltd. announced that it has entered an agreement with TerraZone Ltd. (“TerraZone”) for ZoneZero®, Safe-T's Zero Trust Network Access (“ZTNA”) product technology. TerraZone, based in Israel, is a specialist focused on providing customers in enterprise and government markets with an array of advanced information technology and cyber security services. Under terms of the agreement, TerraZone will co-locate staff in Safe-T's headquarters and will be responsible for all sales, marketing, product development and support of ZoneZero®.

TerraZone will also be responsible for maintaining and expanding all global customer and partner programs. As a result of this agreement, Safe-T expects to reduce operating expenses at its Enterprise Cybersecurity business unit starting by the end of the first quarter of 2022. Safe-T will maintain all rights and IP for its technology and products. Safe-T has established a global partnership network for ZoneZero® in the U.S., Europe and in the Asia-Pacific region, addressing the needs of customers across many enterprise verticals.

TerraZone intends to leverage those connections, working closely with the Safe-T team and partners to support current clients and further advance the penetration of ZoneZero® into new customers.