Kape Technologies PLC Capital Markets Event & Product Development Update (9982Q)

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             [phone] 
 N+1 Singer (Joint Broker) 
  Harry Gooden / George Tzimas                       [phone] 
 Vigo Communications (Financial Public Relations) 
  Jeremy Garcia / Antonia Pollock 
  [e-mail]                                 [phone] 
 

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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June 25, 2020 02:01 ET (06:01 GMT)