The cyber company, controlled by Teddy Sagi, raised $ 115 million...

KAPE, A London-based cyber security and privacy protection software provider controlled by Teddy Sagi, has raised $ 115 million in a public offering.

The success of KAPE The US has led to a lot of interest and expansion of the company’s American investor base, with significant IPO demand coming from huge US funds. The US market is now the main market in which the company operates: over half of its 2.4 million customers are in the US model. SaaS And at high profitability rates.

Leading institutions in the field in the United States, Europe and Israel participated in the offering, along with the full support of all existing shareholders.

About four years ago, Ido Erlichman took over as CEO, and since then the company has quadrupled its revenues and the company’s share has jumped by hundreds of percent. The current recruitment will allow the management KAPE Accelerate its growth strategy and make additional strategic acquisitions. In recent years KAPE Has established its position as a leading player in the Internet privacy market. In the last five years KAPE Made acquisitions with a total value of $ 159 million. Last December, the company acquired ALSO The American, which specializes in providing digital and privacy information encryption solutions on the Internet, for about $ 128 million. Following the transaction, KAPE Has become one of the largest companies in its field in the United States.

The main shareholder inKAPEBusinessman Teddy Sagi, who held 66.9% of the company’s share capital prior to the IPO, purchased additional shares worth $ 55.7 million as part of the IPO. Following the IPO, Sagi will be slightly diluted and will hold approximately 65% ​​of the company.

The offering will allowKAPE Acquire the founding shares of ALSO, Andrew Lee and Stephen Deprospero. In addition, the company will be able to make additional transactions in the field of privacy protection. After completing the recruitment, at the box office KAPE Will be left as52 million dollar.

KAPE Is traded on the London Stock Exchange, at a value of $ 440 million. The company reported in the third quarter that growth in its results is progressing as planned, the company has quadrupled its revenues in the last four years: from $ 38 million in 2016, when it is expected to end 2020 with revenues of $ 120-123 million and EBITDA Adjusted (profit before financing expenses, tax, depreciation and amortization) of $ 35-38 million.

Ido Erlichman, CEO Coffee, Noted: “We are pleased with the full and consistent backing of Teddy Sagi and welcome the new investors. The high demand in the IPO is the result of hard work and gives a boost to the management and staff. Already today KAPE Positioned as a leader in the online privacy market, the recruitment will allow us to accelerate the implementation of our growth strategy and become a significant company in the field. ”