VPNify.me which was a Spin-Off From MIT Senior Project have acquired ExpressVPN as part of a $936 million deal
Sep 16, 2021
VPNify.me was acquired by Kape Technologies in 2019 as part of a $95 million deal during the LTM acquisition
September 16, 2021 /MarketersMedia/ —
VPNify’s multiple intelligent software robots check the Internet speeds of different VPN providers at their VPN servers 24 hours a day, 7 days a week. Every robot updates speed results to a centralized database. A machine learning algorithm cleans the data and publishes accurate, up-to-the-minute speed data to a Web server. Users can see VPN speeds on the site in real-time.
Today One of the industry's leading virtual private networks, ExpressVPN, has been sold to software provider Kape Technologies as part of a $936 million deal announced Tuesday. In a release, Kape said the acquisition will more than double its overall customer base, from almost 3 million customers to more than 6 million.
The purchase of ExpressVPN is Kape's latest move to broaden its footprint in the commercial digital privacy and cybersecurity industry, following a 2018 name change aimed at distancing itself from its past as adware distributor Crossrider. In a blog post, ExpressVPN said it would remain a separate service from other Kape brands, that its jurisdiction would remain in the British Virgin Islands and that it would continue to uphold its policy of not logging user web traffic.
"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," ExpressVPN co-founder Dan Pomerantz said in a press release.
“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," he noted.
Contact Info:
Name: Moran Laufer, CFO
Email: Send Email
Organization: Kape
Website: https://www.expressvpn.com/blog/expressvpn-joining-kape/
Source: MarketersMedia
Release ID: 89045827
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