ExpressVPN to Join Kape Technologies, with Shared Vision to Transform Privacy and Security
September 13 2021 - 11:35AM
Business Wire
Kape Technologies PLC (KAPE: LSE) is pleased to announce that
ExpressVPN will be joining the Kape family as part of a US$936
million deal. Combining Kape and ExpressVPN to create a premium
consumer privacy and security player in the industry marks a key
milestone in the rapidly growing digital privacy space. It also
further positions Kape to define the next generation of privacy and
security protection tools and services to return greater control
over the digital sphere to consumers.
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“We’ve admired the ExpressVPN team’s relentless pursuit of
excellence and innovation and are excited to welcome them to Kape,”
says Ido Erlichman, CEO, Kape Technologies. “With ExpressVPN to
join the Kape family of world-leading privacy and security
brands—together, we will have the vision, talent, and resources to
take the industry to the next level. Controlling one's digital
presence is at the forefront of every tech consumer’s mind now, and
Kape is more committed than ever to innovating and delivering the
tools internet users need to protect their data and rights. Kape is
now synonymous with taking control of your digital experience.”
With a mission to protect consumers in their digital lives, this
acquisition will broaden Kape’s reach from almost 3 million
customers to serving over 6 million and will bring together a
global team of 720 to drive innovation for future product
offerings. It will also create a premium digital privacy and
security player best positioned to capitalize on the expected
market growth. ExpressVPN has seen a compound annual growth rate
(CAGR) of 35.1% over the past four years, signaling a strong need
for consumer-friendly data privacy and security products to enable
customers to take control of their digital lives.
“The ExpressVPN team is delighted to be joining the Kape
Technologies family. It was essential to us that anyone we teamed
up with shared our strong fundamental commitment to user privacy,
and Kape has demonstrated that in spades through its family of
brands,” says Dan Pomerantz, co-founder of ExpressVPN. “With access
to greater capital and resources as part of Kape, we’re excited to
be able to accelerate our product development, deliver even more
innovation to our users, and protect them from a wider range of
threats.”
ExpressVPN’s leadership of the privacy industry
Founded in 2009, ExpressVPN has been central in transforming
VPNs from a niche technology into an essential privacy tool.
Key to ExpressVPN’s efforts to bring VPN to the mainstream has
been its work with other leading technology brands, putting privacy
and security tools into the hands of internet users everywhere.
Through its alliances with HP, HMD Global (home of Nokia phones),
Acer, Dynabook (formerly Toshiba), and Philips, ExpressVPN is
available on millions of smartphones, tablets, and other
devices.
Over the past decade, ExpressVPN has consistently raised the bar
for the VPN industry as a whole, developing new solutions that
anticipate the needs of modern internet users and advance the state
of privacy technology. Their innovation and leadership have
included:
- Developing Lightway, a modern consumer VPN protocol (open
sourced in August 2021) designed to deliver privacy, performance,
and simplicity.
- Creating TrustedServer, advanced VPN server technology designed
for greater security and reliability. Its privacy innovation of
RAM-only servers has been adopted by the industry as the standard
for servers.
- Co-founding and chairing the VPN Trust Initiative (VTI)
together with the Internet Infrastructure Coalition and other
industry players. In addition to its ongoing awareness and advocacy
work, the group has launched the VTI Principles—shared guidelines
for responsible VPN providers.
- Working with the ioXt Alliance to expand its security
certification to cover VPN apps, helping to set and formalize
industry standards.
- Establishing the ExpressVPN Digital Security Lab, an
independent research arm which conducts high-quality, original
research to empower consumers with information about digital
rights.
Erlichman says, “From closing, 6 million consumers and counting
will be trusting and relying on our privacy and security products
and services. With new technology and threats arriving every day,
we need to innovate faster than ever to keep internet users safe.
Our brands have been at the vanguard of the industry for over a
decade, and together we’re going to continue setting the standard
for privacy online for years to come.”
The acquisition is subject to a number of customary conditions
and is expected to close in Q4 2021.
Under the Kape Technologies umbrella, ExpressVPN will continue
to operate day-to-day as an independent service, with its existing
global team and leadership, including its two co-founders.
About Kape Technologies PLC (“Kape”)
Kape is a leading 'privacy-first' digital security software
provider to consumers. Through its range of privacy and security
products, Kape focuses on protecting consumers and their personal
data as they go about their daily digital lives. Following its
acquisition of ExpressVPN, Kape will have 6 million paying
subscribers, supported by a team of over 720 people across the
globe. Through its subscription-based platform, Kape has fast
established a highly scalable SaaS-based operating model, geared
towards serving the vast global consumer digital privacy
market.
About ExpressVPN
Founded in 2009, ExpressVPN is one of the world’s largest
providers of consumer privacy and security services, enabling users
to protect themselves online with just a few clicks. The company’s
award-winning software for Windows, Mac, iOS, Android, Linux,
routers, and browsers secures user information and identities with
best-in-class encryption and leak proofing. With servers across 94
countries, ExpressVPN provides fast, reliable connectivity around
the world. To learn more about ExpressVPN’s privacy and security
solutions, visit expressvpn.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210913005652/en/
Enquiries: Kape Technologies Jeremy Garcia UK and
international: kape@vigocomms.com
Abby Baric US: kapetechnologies@fticonsulting.com
ExpressVPN Lauren Hendry Parsons press@expressvpn.com
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