Information Technology
Kape Technologies plc
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Company Description
Kape Technologies is a cyber security company focused on digital privacy and protection. Kape develops and distributes a variety of software products in the online security space, utilising its proprietary digital distribution technology to optimise its customer reach and create a superb user experience. The company offers products that provide online security, privacy and optimal online experience. The acquisitions of virtual private network provider Private Internet Access in December 2019 and Webselenese in 2021 were both transformational and significantly earnings-enhancing deals for the group. The latter provides Kape with a new way to reach customers and a deep understanding of driving readers to security-related content across the web.
Investment Summary
The highly significant and transformational acquisition of PIA accelerated Kape's strategy and transported its quest to become a world leader in digital privacy to a new level. It is benefitting from a significantly enhanced pool of R&D talent with the addition of PIA's market-leading development team. The Webselenese acquisition gives Kape a competitive advantage and augments the group's go-to-market capabilities and product development roadmap. It brings infrastructure that will create a strengthened organic online presence and should drive organic growth across the business. The launch of CyberGhost's first unified privacy and security suite during 2020 was also a key moment for Kape, in our view. We continue to expect strong growth, fuelled by the enlarged group's significant opportunities for organic growth.
Recent Content

Charging forward into 2023
17/01/2023 Kape Technologies plc
Kape’s trading update for the year ended 31 December 2022, issued today, shows that it has been a […]

The growth charge continues
12/09/2022 Kape Technologies plc
Kape’s Interim Results for the 6 months to 30 June published today follow the Trading Update in July […]

Trading update – more (and more) positive news
19/07/2022 Kape Technologies plc
Today’s trading update for the six months to 30 June shows FY22 has started well, with expected H1 […]

Executing against key objectives
16/06/2022 Kape Technologies plc
Today’s AGM statement confirms that, with strong trading so far this year, Kape is on track to deliver […]

Delivery, transformation and opportunity
24/03/2022 Kape Technologies plc
Kape announced strong results for the year to 31 December 2021, having already updated the market on the […]

Strong end to year leads to a 6% revenue beat
18/01/2022 Kape Technologies plc
Kape has published a short trading update for the year to December 2021; 12 months dominated by M&A, […]

Peer company valuation read-across
27/10/2021 Kape Technologies plc
We note that one of Kape’s peers, a US-based cyber security player named Aura, has raised a significant […]
Progressive in conjunction with Mello Events, presents the management team of Kape Technologies
21/09/2021

Taking the Express path to global leadership
21/09/2021 Kape Technologies plc
Kape recently announced the transformational acquisition of ExpressVPN and its interim results today show that the Group has […]

Strong H1 as Kape gathers further momentum
20/07/2021 Kape Technologies plc
Kape’s trading update for the first half of its current financial year confirms that the Group continues to […]

New debt facility underpins growth strategy
28/05/2021 Kape Technologies plc
Kape has secured new three-year bank facilities totalling U$220 million with six banks, three of which had provided […]

A strong start to FY 2021E keeps Kape on track
24/05/2021 Kape Technologies plc
Kape’s recent AGM statement confirmed a strong start to FY 2021E for the Group reflecting resilient demand for […]

Strong progress, significant growth prospects
17/03/2021 Kape Technologies plc
Following another excellent year for the Group, Kape’s FY 2020 revenue and adjusted EBITDA are in line with […]

Webselenese – a key strategic acquisition
08/03/2021 Kape Technologies plc
Kape has announced another transformational and accretive acquisition – this one is set to significantly accelerate organic growth […]

EBITDA ahead on strong financial performance
19/01/2021 Kape Technologies plc
Kape has issued a trading update for what was a very productive year for the Group and in […]

An important milestone
14/12/2020 Kape Technologies plc
Kape has announced the launch of its CyberGhost Privacy Suite solution, for Windows initially, which it had trailed […]

From strength to strength
30/10/2020 Kape Technologies plc
Kape has announced that it has raised gross proceeds of $115.5 million through a significantly oversubscribed placing and […]

Consistent progress, relentless focus
15/09/2020 Kape Technologies plc
Kape has enjoyed a good first half of 2020 both in terms of operational progress and financial performance. […]

Strong trading continues
21/07/2020 Kape Technologies plc
Kape’s H1 20E trading update continues the run of positive news from the Group with confirmation of strong […]

CMD emphasises strong positive momentum
07/07/2020 Kape Technologies plc
Kape’s recent Capital Markets Day (CMD) was an extremely useful update on the many benefits of integrating complementary […]

Enhancing performance
21/05/2020 Kape Technologies plc
Kape Technologies was one of the first companies to report an uplift in the usage of its products […]

Strong financial performance in FY 2019
19/03/2020 Kape Technologies plc
Kape’s results for FY 2019 are in line with numbers given in January’s trading update. Importantly, a further […]

A doubly-strong finish to 2019
20/01/2020 Kape Technologies plc
Kape has today published a trading update for its 2019 year. The group, in addition to the November […]

Substantial deal both transformational and significantly earnings enhancing
19/11/2019 Kape Technologies plc
In a deal which will have a profound effect on the prospects for the group, Kape has announced […]

Strong progress, 24.2% growth in revenue
17/09/2019 Kape Technologies plc
Kape Technologies has reported first half revenue a touch ahead of the guidance given in July’s trading update […]

Strong trading reflects drive and investment
30/07/2019 Kape Technologies plc
Kape Technologies has enjoyed another strong half year of trading driven by growth in sales of its suite […]

A strong start to FY 2019E
07/05/2019 Kape Technologies plc
Continuing the momentum seen in the FY 2018 results, Kape’s AGM statement confirms that the Group has enjoyed […]

Strong progress in FY 2018
19/03/2019 Kape Technologies plc
Kape has reported FY 2018 results in line with its January trading update with strong EBITDA growth to […]

Positive trading update for FY 2018E
16/01/2019 Kape Technologies plc
Kape has issued a trading update which confirms a strong finish to 2018, with Adjusted EBITDA likely to […]

Acquisition of ZenMate
17/10/2018 Kape Technologies plc
The acquisition of ZenMate for €4.8 million increases Kape’s share of the VPN (virtual private network) market, extends […]

Well on track
24/09/2018 Kape Technologies plc
Kape has delivered on a very strong H1 period – revenues from core ongoing operations up 14%, with […]

Honing the focus on cybersecurity and SaaS
26/07/2018 Kape Technologies plc
Following the announcement of its acquisition of Intego earlier this week, Kape has issued a positive trading update […]

Acquisition in malware protection market
25/07/2018 Kape Technologies plc
Kape has announced the acquisition of Intego, a malware protection and cybersecurity SaaS solution, for U$16 million in […]

FY2017 results show solid growth
13/03/2018 Kape Technologies plc
Kape Technologies (formerly Crossrider) has reported revenue up 17.4% to U$66.4 million and Adjusted EBITDA of U$8.3 million […]

A strong H2 in line with expectations
16/01/2018 Kape Technologies plc
Crossrider’s trading update for year to the end of December 2017 includes revenue and Adjusted EBITDA expectations in […]

Solid interims reflect strategic delivery
11/09/2017 Kape Technologies plc
Crossrider’s interim results contain revenue and Adjusted EBITDA in line with guidance given in July’s trading update. They […]

A solid, in-line first half
24/07/2017 Kape Technologies plc
Crossrider’s update for the first half of FY 2017E says that trading has been in line with management […]

Results confirm solid foundation for growth
14/03/2017 Kape Technologies plc
Today’s results are in line with January’s trading update in terms of revenue (reduced, as flagged, after the […]

Strategy credible; delivery ahead of track
18/11/2016 Kape Technologies plc
We initiate coverage on Crossrider following a period of significant change for the Group which has brought new […]
Company Management Team
Ido Erlichman
Group Chief Executive Offier
Ido joined Kape Technologies plc in May 2016 as Group Chief Executive Officer. Ido has more than nine years’ experience in the technology sector garnered through roles in private equity, consulting and finance. Prior to joining Kape, Ido was acting Joint Chief Executive Officer of VisualDNA (which was acquired by The Nielsen Company), a leading psychographic data business, where he led its geographic expansion and oversaw significant EBITDA growth. Prior to VisualDNA, Ido worked as a Senior Associate within KPMG's Private Equity deal advisory practice in London and as a Senior Manager within KPMG's Transaction Services practice focusing on technology deals in Israel and with the Israeli Ministry of Finance. Ido is the author of the bestselling book 'Battle of Strategies' published in Israel by Yediot Books. Ido is a Certified Public Accountant, having graduated magna cum laude in Accounting and Economics from The Hebrew University of Jerusalem, he also obtained his Masters degree in Law from Bar-Ilan University, and has received an MBA from the University of Cambridge's Judge Business School.
Oded Baskind
Chief Financial Officer
Senior finance leader with 11 years of experience. Familiar with operating within multi-national and growth environments. Extensive experience in managing multi-national finance teams, financial planning and analysis, integration of newly acquired activities, capital returns, financial modeling, SaaS and internet companies.
Don Elgie
Non-Executive Chairman