26 Nov 2018 07:00
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 Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer
| via Vigo Communications |
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