In late 2019, the company, part of the Teddy Sagi Group, acquired US encrypted solutions firm PIA for USD 127.6 million.Įstablished in 2009 as one of the leading VPN providers, ExpressVPN has witnessed a compound annual growth rate of 35.1% over the last four years, taking advantage of people’s increased awareness of the need to enhance their digital security, while providing consumer-friendly data privacy. Earlier in 2021, it acquired Israeli firm Webselenese, a company that has developed a data-driven platform for producing content in the privacy and cybersecurity sector, for USD 149.1 million in cash and shares. This latest purchase represents Kape’s third acquisition in the past two years, although it dwarfs the other two by an order of magnitude in scale. The companies will bring together a global team of more than 700 to further support them and help drive innovation for future product offerings. Kape has more than doubled the number of consumers that it will be serving as a result of the acquisition, from almost 3 million to currently over 6 million. Kape is now synonymous with taking control of your digital experience.” 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. “With ExpressVPN now part of the Kape family of world-leading privacy and security brands-together, we have the vision, talent, and resources to take the industry to the next level. “We’ve admired the ExpressVPN team’s relentless pursuit of excellence and innovation and are excited to welcome them to Kape,” Erlichman said.
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Kape Technologies CEO Ido Erlichman indicated the need for increased consumer choice and confidence as a key driver behind his company’s acquisition of ExpressVPN. It also marks a “key milestone” in the fast-growing digital privacy space, positioning Kape “to define the next generation of privacy and security protection tools and services to return greater control over the digital sphere to consumers.” The acquisition is one of the largest to date of a foreign company made by an Israeli technology firm.ĮxpressVPN joins Kape Technologies “to create a premium consumer privacy and security player in the industry,” Kape said in a statement.
Israeli-British cyber security Kape Technologies announced on Monday that it is buying top virtual private network (VPN) provider ExpressVPN, in a deal worth a staggering USD 936 million in cash and shares.
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