Kape Technologies PLC Capital Markets Event & Product Development Update (9982Q)
June 25 2020 - 1:01AM
UK Regulatory
TIDMKAPE
RNS Number : 9982Q
Kape Technologies PLC
25 June 2020
25 June 2020
Kape Technologies plc
("Kape," or the "Company")
Capital Markets Event
&
Product Development Update
Kape (AIM: KAPE), the digital security and privacy software
business, provides a product development update ahead of its
Capital Markets presentation webcast today at 2.00 p.m. BST. The
webcast will be available to view via a link in the Investors
section of the Company's website: www.kape.com.
Kape's digital privacy business segment has undergone
significant upgrades, transforming from a VPN provider into a
fully-fledged privacy suite. A dashboard has been created to
deliver optimal interactions and to manage new and existing
features. Recently added options include Privacy Guard and Security
Updater. Privacy Guard is a feature which gives users full control
over their operating system's settings, increasing their privacy,
while Security Updater protects devices from threats caused by
vulnerable versions of installed apps. The WireGuard(R) encryption
protocol has also been added to enhance the security and
performance of the VPN service.
Another significant development is the launch of Kape's new
privacy browser extension for Chrome, Firefox, and Edge, with
Safari to be added shortly, which features cutting-edge technology
enabling the service to be available globally, expanding its
addressable market.
In addition, Kape has launched Intego's endpoint security
solution for Windows by partnering with Microsoft. This replicates
the Company's award-winning solution for macOS. Engineers from
Intego and CyberGhost have worked closely to combine user
experience excellence with high-security software development
standards. In order to offer a privacy and security suite, Intego
will provide its subscribers with a VPN solution and it is
anticipated that Intego's endpoint solution will be incorporated
into CyberGhost's privacy suite to increase retention and the
average order value.
Kape is also currently deploying colocation, adding a private
server network, owned and controlled by Kape in certain locations.
This is expected to provide an even greater level of security and
privacy offered to its customers, together with exceptional
performance obtained by utilising the latest generation blade
technology with dedicated high-speed connectivity. This is
market-leading progress, unique in the privacy space, and already
live in Frankfurt, with additional locations expected to be added
by year-end.
Several additional solutions are also expected to launch in due
course, which will further broaden the scope of the Company's
offering including products dedicated to private browsing, password
management, and digital identity protection.
Ido Erlichman, Chief Executive Officer of Kape, commented:
"I am delighted to announce further product development
progress, which continues to underpin both our market position and
customer traction. As the Company's core development teams expand,
the increasing levels of collaboration are evident across our
product stack, creating more opportunities for innovation and
cross-selling than ever before. We look forward to providing
further updates as we launch exciting new products, which we
believe will broaden our market reach."
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)
Harry Gooden / George Tzimas +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 leading 'privacy-first' digital security software
provider to consumers. Through its range of privacy and security
products, Kape focusses on protecting consumers and their personal
data as they go about their daily digital lives.
To date, Kape has over 2 million paying subscribers, supported
by a team of over 350 people across eight locations worldwide. Kape
has a proven track record of revenue and EBITDA growth, underpinned
by a strong business model that leverages our digital marketing
expertise.
Through our subscription-based platform, Kape has fast
established a highly scalable SaaS-based operating model, geared
towards capitalising on the vast global consumer digital privacy
market.
www.kape.com
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END
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