Kape Technologies PLC AGM Statement (1163Y)
May 07 2019 - 1:01AM
UK Regulatory
TIDMKAPE
RNS Number : 1163Y
Kape Technologies PLC
07 May 2019
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 via Vigo Communications
Ido Erlichman, Chief Executive Officer
Moran Laufer, Chief Financial Officer
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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END
AGMAFMLTMBTMBIL
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