Alarum Technologies Ltd. (NASDAQ: ALAR) saw a notable surge of 16.65% in its stock value during the last trading session, closing at $13.59. This upward momentum coincides with the recent announcement from its subsidiary, NetNut Ltd., regarding the launch of its innovative Website Unblocker.
The new tool strengthens NetNut’s position in the quickly growing data gathering and labeling business, which was estimated to be worth $2.22 billion in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 28.9% from 2023 to 2030.
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Businesses from a wide range of industries, including research institutes that compile data from the internet, financial institutions that track movements in the stock market, and human resources firms that obtain information about potential employees, depend on data to run their everyday operations.
NetNut’s Website Unblocker, an AI-driven solution developed in collaboration with leading intelligence researchers, facilitates automated data collection by providing access to public-facing web data without detection by anti-bot measures. Integrated seamlessly into NetNut’s data collection network, this solution enables customers to gather vast amounts of data swiftly and effectively.
The introduction of this ground-breaking innovation is in line with Alarum Technologies’ 2024 strategic objective of diversifying its range of state-of-the-art products. The organization credits the knowledge and experience of its seasoned workers together with the strong network they have built over the last two years for their ability to achieve such improvements.
The firm saw major positive outcomes from this strategy move in 2023, including a net profit in the third quarter and record sales in the fourth quarter and throughout the year. The transition was made with the goal of increasing NetNut’s growth and business operations.
Following the release of NetNut’s Website Unblocker, investor excitement is reflected in the recent stock performance of Alarum Technologies. The company’s dedication to remaining at the forefront of the data collecting sector is demonstrated by this creative solution.
As the landscape of data-driven industries changes, Alarum Technologies is well-positioned for success because to a solid foundation built in prior years and a purposeful focus on expansion.
