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MikeHattsu

Member
Oct 25, 2017
8,928
www.zdnet.com

ExpressVPN sells to Kape Technologies for $936 million

Companies simultaneously claim to respect user privacy while boasting increased cross-selling opportunities.

Kape Technologies has announced it will pick up ExpressVPN for $936 million, consisting of $237 million in Kape shares to ExpressVPN co-founders Peter Burchhardt and Dan Pomerantz, which will hand them a 14% stake in the combined entity, with the remainder to be paid in cash over the next two years.

ExpressVPN said it would remain a separate service, and its team would continue to grow. The VPN service has over 3 million customers, with over 40% in North America.


"Significant cross sell and revenue opportunities across the platform; top line and operational synergies greatly improve [customer lifetime value to acquisition cost] ratios and are anticipated to generate cost savings of $19 million in 2022 and $30 million on an annualised cost basis from 2023," Kape said.

Cross-selling aside, ExpressVPN claimed it would be able to provide better protection from a "wider range of threats".


This is not Kape's first VPN purchase -- it previously bought VPN companies ZenMate and Cyberghost, and used to specialise in scareware under the Crossrider name.


They're the same company that also bought PIA (Private Internet Access). What the company did under it's previous name:
The UK-based company was cofounded by an ex-Israeli surveillance agent and a billionaire previously convicted of insider trading who was later named in the Panama Papers. It produced software which previously allowed third-party developers to hijack users' browsers via malware injection, redirect traffic to advertisers and slurp up private data.

This practice, commonly called traffic manipulation, is condemned web-wide. And the only difference between it and one of the oldest forms of cyberattack, called man-in-the-middle (MitM), is that you clicked "agree" on the terms and conditions. Crossrider was so successful it ultimately drew the gaze of Google and UC Berkeley, which identified the company in a damning 2015 study.

Crossrider changed its name to Kape Technologies PLC in 2018, in CEO Ido Erlichman's words, to escape the "strong association to the past activities of the company." The name change supposedly accompanied a full turnaround for Kape, as it said it was exiting malicious adware and moving into cybersecurity. However, in the same year, Kape still operated the infamous scareware Reimage -- a potentially unwanted program that positions itself as a computer performance enhancer but which has been known to signal false positives on security threats in order to persuade you to pay for its premium service.
 

Deleted member 22750

Oct 28, 2017
13,267
fuck

"The UK-based company was cofounded by an ex-Israeli surveillance agent and a billionaire previously convicted of insider trading who was later named in the Panama Papers. It produced software which previously allowed third-party developers to hijack users' browsers via malware injection, redirect traffic to advertisers and slurp up private data. "

 
Last edited:

Deleted member 11637

Oct 27, 2017
18,204
Yikes. We literally just signed up for ExpressVPN.
 

xxracerxx

Avenger
Oct 25, 2017
31,222

VPN Services | Privacy Guides

Find a no-logging VPN operator who isn’t out to sell or read your web traffic.
Out of those 3, what do people consider the best?

Whenever I need a VPN for something real quick, I just spin up a small linode, select the wireguard marketplace stuff, and delete it once done.

If I use it for about an hour or so, it costs about 10 cents.
Way above what I want to actually bother with.
 

CallMeShaft

The Fallen
Oct 25, 2017
3,361
Slowly becoming a monopoly in the VPN business. People are going to be paying a premium for truly private VPNs for the future.
 

Damaniel

The Fallen
Oct 27, 2017
6,536
Portland, OR
I don't trust any VPN service advertising their services on YouTube videos. There's more VPNs in the world than NordVPN, ExpressVPN and SurfShark, and any review site that puts any of those at the top of their list is super suspect.

I've used AirVPN for years, though I'm planning to switch to Mullvad or ProtonVPN when my current subscription expires.
 

Lump

One Winged Slayer
Member
Oct 25, 2017
16,025
Did TunnelBear ever get ruined with their acquisition or is it still okay
 

Deleted member 22750

Oct 28, 2017
13,267
"Kape, as it said it was exiting malicious adware and moving into cybersecurity"

lol
how could anyone really believe this shit
 
OP
OP
MikeHattsu

MikeHattsu

Member
Oct 25, 2017
8,928
I don't trust any VPN service advertising their services on YouTube videos. There's more VPNs in the world than NordVPN, ExpressVPN and SurfShark, and any review site that puts any of those at the top of their list is super suspect.

Kape actually owns a company who runs VPN review sites :p

www.businesswire.com

Webselenese acquired by Kape Technologies

Webselenese is pleased to announce it is joining the Kape Technologies family as part of a transaction worth a total consideration of $149.1 million.

These sites:
www.vpnmentor.com

Best VPN Services of 2024 — Top VPNs Tested By Experts

Discover the best VPNs for Android, iPhone, Mac, PC, and more. Whether you want to stream, game, or torrent, these top VPNs can do it all (fast and secure).

www.wizcase.com

Best Apps for Free Download - for PC, Android and iPhone

Free software can be both the best and worst thing to happen to computers, Android, and iOS devices. Many free programs have viruses, malware, or spyware that could potentially crash your device, steal your data, or leave you vulnerable to cyberattacks. For the past several months, I created a...
 

The Omega Man

Member
Oct 25, 2017
3,916
PIA stopped working with streaming sites like 2 years ago, ExpressVPN was the most popular choice to watch region-locked streaming content/services.
So what now?
 

Soph

Member
Oct 25, 2017
1,503
Use Protonmail and VPN, it's a blast. Make a "company" with your family and all enjoy the perks.
 

jelly

Banned
Oct 26, 2017
33,841
It must be nice to get bought out like that, make an absolute fortune.

Makes you question why this company is doing it though. Sounds shady. Probably worth it if world governments through a few billion your way every once in a while to find out what your users are doing.
 

Morzak

Member
Oct 27, 2017
319
How does someone create a VPN company and then in good faith sell it to people who will most likely inject it with bullshit spyware?!

They don't even need to do that really they can monitor all your traffic (with the same caveats as if you don't use a VPN, so all HTTPS traffic is not readable)..... VPN's are nearly useles when it comes to Privacy and just shifts which company can monitor your traffic.

And you sell it because you want to cash out and probably were never really that concerned about the privacy part of a VPN.
 

Saro

Member
Oct 25, 2017
144
I moved to Mozilla VPN after PIA, and now I'm wondering if there is anything weird going on with them...
 

Indalecio

Member
Oct 27, 2017
742
I had to jump ship to Mullvad when these guys bought out PIA. I'm satisfied with it, though I don't use it to get around streaming region locks so I dunno if it works for that.
 

aisback

Member
Oct 27, 2017
8,741
My Swedish friend told me about Mullvad so I might have to give them a try.

It sucks about ExpressVPN
 

mreddie

Member
Oct 26, 2017
44,116
Okay, seeing this. That's out of the window.

I need a VPN soon to stream in market NHL games and Local Sports Radio out of state and of course, Disney+ and Netflix out of the country.