7 May 2019 07:00
7 May 2019
Kape Technologies plc
("Kape", the "Group" or the "Company")
AGM Statement
Kape (AIM: KAPE), the consumer security software business, will be holding its Annual General Meeting at 12.00pm today.
At the meeting, Don Elgie, Non-executive Chairman of Kape, will make the following statement:
"I'm pleased to report that Kape has made a strong start to the financial year with trading in-line with expectations. We have seen significant progress across the business, with customer subscriber number growth exceeding management expectations.
Ongoing progress continues to be made in further developing Kape's SaaS revenue base, which now services 945,000 subscribers, up 14% since December 2018, with visibility over revenues of approximately $33.5 million across future periods.
As we close the first quarter of 2019, we have experienced substantial growth across our VPN subscriber base, with both Zenmate and CyberGhost generating over 65% growth in mobile subscribers. This excellent performance highlights the continued strengthening of our global brand, the impact of our targeted customer acquisition initiatives as well as the growth in the wider privacy-first market. The real need for users to both protect and control access to their private data is now becoming a primary concern for many.
We are also pleased to report that, post the integration of both Zenmate and Intego, both are benefitting from access to Kape's internal business intelligence systems and digital marketing engine, enabling new user growth and expanding their market reach.
Kape continues to trade in line with management expectations and remains committed to delivering strong levels of organic growth alongside executing on strategic acquisitions."
Enquiries:
Kape Technologies plc Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer
| via Vigo Communications |
Shore Capital (Nominated Adviser & Broker) Mark Percy / Toby Gibbs / James Thomas
| +44 (0)20 7408 4090 |
N+1 Singer (Joint Broker) Shaun Dobson / Lauren Kettle / Harry Mills (Corporate Finance) Tom Salvesen (Corporate Broking)
| +44 (0) 20 7496 3000 |
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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