at 12:28 PM The owner of CyberGhost bought VPN Private Internet Access for $95.5 million
Two major VPN services will soon be under the same roof, as Kape Technologies, the owner of CyberGhost VPN, is acquiring Private Internet Access for a deal valued at $95.5 million USD.
According to the press release announcing the acquisition, this move will double the United Kingdom-based Kape's paid user base to 2 million paid users across both CyberGhost and PIA.
Christel Dahlskjaer at Private Internet Access emphasized in PIA's official blog post addressing the acquisition that this is not "selling out" or "[deciding] to take an entirely different direction," but rather a move for growth. Dahlskjaer says this is an "opportunity to further our work to develop and promote better privacy and security tools," as well as further human rights in the context of the Internet and digital information access.
Though this announcement was well received by shareholders (predicting "$120 million [USD] in revenues in 2020"), it is yet to be seen whether further consolidation of an increasingly homogeneous virtual private network industry, with fewer unique options that are either independent or at least owned by different groups. For now, alternatives such as Tor Browser, OpenVPN, and Proton VPN still exist as some of the highest rated VPN software and services here on AlternativeTo, all of which are developed and operated by different providers.
Further coverage: Vox Markets TechRadar Private Internet Access blog post Kape Technologies press release
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