The company has $36.4 million in its coffers as of the end of June 2019. Playtech founder and Camden Market part-owner Teddy Sagi has bid to acquire the remainder of cybersecurity business Kape Technologies in a deal that values the entire company at 1.25.
Teddy Sagi’s digital privacy company has agreed a deal to acquire Express VPN, the virtual network provider. ExpressVPN will remain a separate service from other Kape brands, and everything you’ve come to know and love about ExpressVPN will only continue to improve: our award-winning speed and reliability, premium global server network and bandwidth, 24/7 live chat, BVI jurisdiction, policy of not collecting activity or connection logs, and more. Kape reported revenues of $29.9 million for the first half of 2019, a 24.2% increase year-over-year, and an EBITDA of $5.8 million, up from $4.7 million in the first half of 2018. Tuesday September 14 2021, 12.01am, The Times. Kape Technologies has announced it will pick up ExpressVPN for 936 million, consisting of 237 million in Kape shares to ExpressVPN co-founders Peter Burchhardt and Dan Pomerantz, which. The company listed on the London Stock Exchange's AIM market in 2014 and currently has a market capitalization of $142 million. Kape operates in 160 countries and employs 300 people, 70 of them in its Israeli research and development center. Kape, founded in 2011, is a cybersecurity company developing online security, privacy, and autonomy products.
Kape also said it expects annual cost savings of up to $4.5 million following infrastructure reductions. LTMI's revenues for 2018 stood at $47.4 million, an 18% increase year-over-year, and its adjusted EBITDA was $14.7 million. Kape Technologies plc (LSE: KAPE), which provides cybersecurity solutions, has raised. The company forecasts revenues of between $120 million and $123 million for 2020 for the merged entity, and an EBITDA of between $35 million and $38 million. Shiri Habib-Valdhorn Last year, Kape Technologies paid 936 million to acquire US company ExpressVPN. According to the announcement, half of LTMI's million-plus subscribers are in the U.S., which will make Kape the largest player in the sector in the country following the acquisition.
Kape has stated the acquisition will enable it to cement itself as a leading player in the privacy sector.įollowing the acquisition, Kape expects to double its number of paying clients to over two million. The rest of LTMI's assets also pertain to online privacy. PIA, which specializes in digital encryption and virtual private networks (VPN), employs 65 people, a third of them in research and development. Kape, which is controlled by Teddy Sagi, says that the acquisition will help it define the next generation of privacy and security protection tools and services to return greater control over.
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