Kape Technologies plc

Market Cap (£m) 1130.2
Listing AIM

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.

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Company Management Team

  • Ido Erlichman

    Chief Executive Officer

    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.

Key Dates

Jul 2022