Kape Technologies

Company Overview

Snapshot

Founded in October 2010, Kape Technologies operates with 201–500 employees. The company has raised $410 million across three funding rounds. In April 2023, the company was delisted from London's Alternative Investment Market (AIM) after Israeli billionaire Teddy Sagi increased his stake to 87.6% with a $515 million purchase, valuing the company at over $1.5 billion.

Business overview

Kape Technologies is a privacy-first digital security software provider specializing in protecting consumers and their personal data. The company develops, acquires, and distributes a range of digital security software products, operating on a scalable proprietary SaaS-based model that serves millions of subscribers globally. Kape Technologies focuses on the Cyber Security sector, offering solutions in Endpoint Security, Software, Cryptography, and Encryption to consumers.

Strategic signal

In May 2023, Israeli billionaire Teddy Sagi increased his stake in Kape Technologies to 87.6% through a $515 million purchase, leading to the company's delisting from London's Alternative Investment Market (AIM). This move, which valued Kape at over $1.5 billion, signals a strategic shift towards private ownership and potentially greater operational flexibility away from public market scrutiny, indicating a strong belief in the company's long-term value by its primary investor.

Company Intelligence Q&A

What was the most significant recent corporate event for Kape Technologies?

In April 2023, Kape Technologies was delisted from London's Alternative Investment Market (AIM). This followed Israeli billionaire Teddy Sagi's acquisition of additional shares, increasing his stake to 87.6% with a $515 million purchase, valuing the company at over $1.5 billion.

What was Kape Technologies' last public offering?

In September 2022, Kape Technologies conducted a public offering on the AIM stock exchange, raising $220 million. This funding was intended to support further acquisitions.

When did Kape Technologies acquire ExpressVPN?

In September 2021, Kape Technologies acquired ExpressVPN. This acquisition was a strategic move to expand its customer base and enhance its offerings in the premium consumer privacy and security market.

What was Kape Technologies' financial performance in 2021?

In January 2022, Kape Technologies reported preliminary financial results for 2021, showing a 90% jump in revenue to $230.5 million. The company also completed significant acquisitions, including ExpressVPN for $936 million, and projected 2022 revenue between $610 million and $624 million.

When did Kape Technologies acquire Private Internet Access (PIA)?

In November 2019, Kape Technologies acquired LTMI Holdings, the parent company of Private Internet Access (PIA), for $127.6 million. This acquisition was expected to double Kape's client base and establish it as a major player in the US privacy sector.