openPR Logo
Press release

VPNify.me Which Was a Spin-Off from MIT Senior Project Have Acquired ExpressVPN as Part of A $936 Million Deal

09-14-2021 03:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ExpressVPN

VPNify.me was acquired by Kape Technologies in 2019 as part of a $95 million deal during the LTM acquisition

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 ( https://www.expressvpn.com/blog/expressvpn-joining-kape/ ) 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.

Media Contact
Moran Laufer, CFO
ir@kape.com

“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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release VPNify.me Which Was a Spin-Off from MIT Senior Project Have Acquired ExpressVPN as Part of A $936 Million Deal here

News-ID: 2392580 • Views:

More Releases for VPN

Mobile VPN Market Worth Observing Growth: Proton VPN, Speed VPN, SurfEasy VPN
HTF Market Intelligence added research publication document on Global Mobile VPN Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Mobile VPN market. The study provides valuable market size data for historical (Volume** & Value) from 2014 to 2018 which is estimated and forecasted till 2026*. Some are
Exclusive Report Virtual Private Network (VPN) Market 2019 Growing with Major Em …
Virtual Private Network (VPN) Market 2019 Industry Research Report study provides information on market trends and development, drivers, capacities, technologies, and on the changing dynamics of Virtual Private Network (VPN) Market. A thorough analysis of these elements has been accepted for defining the future growth prospects of the global Virtual Private Network (VPN) market. Get Sample Copy of this Report -https://www.orianresearch.com/request-sample/1011752 Market Overview: The Global Virtual Private Network (VPN) market 2019 research
Virtual Private Network (VPN) Market 2019 Global Analysis By Key Players – Pri …
MarketResearchNest.com presents “Global Virtual Private Network (VPN) Market Status and Future Forecast 2015-2024” new document to its studies database. The records spread across 150 with more than one tables and figures in it. This comprehensive Virtual Private Network (VPN) Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report
Virtual Private Network (VPN) Market Gaining Traction Worldwide by Major Vendors …
Virtual private networks are designed to expand a network securely from a private area, such as an enterprises or a home, through a public network, as if the network was directly connected. A large number of Internet users across the world rely on virtual private network (VPN) applications and software to access websites without the threat of spying or unsolicited monitoring of their online movements. VPN tools enable users to
Firewall And Virtual Private Network (VPN) Market 2019 Precise Outlook - TorGuar …
Global Firewall And Virtual Private Network (VPN) Market Insights, Forecast To 2025 This report tracks the major market events including product launches, development trends, mergers & acquisitions and the innovative business strategies opted by key market players. Along with strategically analyzing the key markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Firewall And Virtual Private Network (VPN) market. This research report offers in-depth analysis
Virtual Private Network (VPN) Market Outlook to 2023 – Private Internet Access …
A virtual private network (VPN) extends a private network across a public network, and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network. (“In the simplest terms, it creates a secure, encrypted connection, which can be thought of as a tunnel, between your computer and a server operated by the VPN service.”) Applications running across