Kape Technologies PLC Integration Update
November 26 2018 - 2:01AM
RNS Non-Regulatory
TIDMKAPE
Kape Technologies PLC
26 November 2018
26 November 2018
Kape Technologies plc
("Kape" or the "Group")
Integration Update
Kape (AIM: KAPE), the consumer security software business, is
pleased to provide an update on the integration of its recently
acquired businesses, Intego and ZenMate.
In July 2018, the Group announced the acquisition of Intego, a
leading Mac and iOS cybersecurity and malware protection SaaS
business, the integration of which is progressing ahead of
management expectations.
Management is also pleased to report that initial results from
the implementation of Kape's user acquisition technology with
Intego has been extremely encouraging and will have a positive
impact from Q1 2019.
In addition, Kape has recently launched cross-promotion
campaigns between CyberGhost's Virtual Private Network ("VPN") and
Intego's Malware protection software, and there are early signs of
strong traction across these products with management anticipating
seeing benefits to the business in the current year.
In October 2018, Kape acquired ZenMate, a multi-platform
security software business with a focus on the provision of VPN
solutions, the restructuring of which is now complete. Since
acquisition, ZenMate has performed ahead of management's
expectations and is expected to be EBITDA enhancing from Q1
2019.
Ido Erlichman, Chief Executive Officer of Kape, commented:
"The strong performance of these businesses since their
acquisition further demonstrates our ability to both source and
integrate acquisitions that provide synergistic benefits to the
Group. We look forward to delivering further improvements as we
continue to leverage our customer acquisition methodologies and
further broaden our unique user base to generate additional
cross-selling opportunities."
Enquiries:
Kape Technologies plc via Vigo Communications
Ido Erlichman, Chief Executive Officer
Moran Laufer, Chief Financial Officer
Shore Capital (Nominated Adviser & Broker)
Toby Gibbs / James Thomas +44 (0)20 7408 4090
Vigo Communications (Financial Public Relations)
Jeremy Garcia / Antonia Pollock
kape@vigocomms.com +44 (0)20 7390 0237
About Kape
Kape is a cybersecurity company focused on helping consumers
around the world to have better experience and protection in their
digital life. Kape develops and distributes a variety of digital
products in the online security space. The Group utilises its
proprietary digital distribution technology to optimise its reach
and create a superb user experience. Kape offers products which
provide online security, privacy and an optimal online experience.
Kape's vision is to provide online autonomy for a secure and
accessible personal digital life, with team of over 350 people
across seven locations worldwide.
www.kape.com
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END
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