Share Name Share Symbol Market Type Share ISIN Share Description
Kape Technologies Plc LSE:KAPE London Ordinary Share IM00BQ8NYV14 ORD USD0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 81.00p 80.00p 82.00p 81.50p 80.50p 81.00p 278,911 13:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
40.8 2.6 -0.2 - 115

Kape Technologies PLC ZenMate Product Development Update

20/06/2019 7:00am

RNS Non-Regulatory


TIDMKAPE

Kape Technologies PLC

20 June 2019

20 June 2019

Kape Technologies plc

("Kape," or the "Group")

ZenMate Product Development Update

Kape (AIM: KAPE), the consumer security software business, announces an update regarding ZenMate, the specialist virtual private network ("VPN") solution provider, which the Group acquired in October 2018.

Following completion of its integration into the Group, Kape has saved $1.7 million in annualised costs relating to ZenMate. In addition, Kape has launched the ZenMate Ultimate app, the most comprehensive update of ZenMate's VPN platform to-date. The app adopts a new infrastructure with central developments including augmented location features, server security improvements, a mobile connection checker and faster speeds. The app is available across multiple platforms including Chrome, Firefox, Opera, Android, iOS, Windows OS, XOpen and Xbox and can be used on up to five devices at a time. It has a 100% no logs policy, acting to encrypt and secure all internet traffic such as downloads.

In addition, Kape has launched ZenMate Pulse, a comprehensive web firewall extension which protects against pop up ads, trackers, phishing schemes, malware and malvertising, as well as providing users with an explanation of the types of threats that they face on each website. The user therefore is not just provided with an all-inclusive ad blocker but is able to understand specifically what the types of threats are.

Ido Erlichman, Chief Executive Officer of Kape, commented:

"We are delighted with ZenMate's progress since the completion of its integration into the Group. It is proving highly complementary to CyberGhost in its target geographies and demographic. The launch of both ZenMate Ultimate and ZenMate Pulse should further increase Kape's addressable market in the privacy-led cybersecurity space, and is an excellent example of how we continue to organically invest in our products."

Enquiries:

 
 Kape Technologies plc                               via Vigo Communications 
  Ido Erlichman, Chief Executive Officer 
  Moran Laufer, Chief Financial Officer 
 Shore Capital (Nominated Adviser & Broker)          +44 (0)20 7408 
  Mark Percy / Toby Gibbs / James Thomas              4090 
 N+1 Singer (Joint Broker) 
  Shaun Dobson / Lauren Kettle / Harry Mills 
  (Corporate Finance)                                +44 (0) 20 7496 
  Tom Salvesen (Corporate Broking)                    3000 
 Vigo Communications (Financial Public Relations) 
  Jeremy Garcia / Antonia Pollock                    +44 (0)20 7390 
  kape@vigocomms.com                                  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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