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ExpressVPN Acquired By Kape Technologies for $936 Million
Privacy firm Kape says deal will double customer base and broaden reach into consumer VPN market
1 Min Read
Kape Technologies will acquire ExpressVPN in a deal worth $936 million.
Security and privacy firm Kape, based in both the UK and Israel, says the acquisition will broaden its reach from almost 3 million customers to over 6 million. While Kape says ExpressVPN will continue to operate day-to-day as an independent service, they will have a combined employee base of 720 between the two organizations.
Kape says the deal will also allow it to become a "premium consumer privacy and security player" and capitalize on a what it sees as a growing market.
"ExpressVPN has seen a compound annual growth rate of 35.1% over the past four years, signaling a strong need for consumer-friendly data privacy and security products," the firm says in a statement on the deal.
More details can be found here.
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