Unikmind to acquire the remaining 45% stake in Kape Technologies for $778m.

Unikmind, a company incorporated in the Isle of Man, wholly-owned by Mr. Teddy Sagi, agreed to acquire the remaining 45% stake in Kape Technologies, a United Kingdom-based company, which develops and distributes a variety of digital products in the online security and privacy, for $778m. "The last decade has witnessed the rapid growth of digital services with the expansion of e-commerce. Kape has, with our support as the majority shareholder, transformed through several strategic acquisitions, into a truly global leader in the digital privacy and security space. Having weighed the pros and cons of a public listing under the current macro uncertainties and thin stock market trading as well as new growth avenues, we are firm in our view that Kape's next chapter in its corporate journey should be within the private arena. We are committed to Kape's further growth within our group of companies, enabling it to exploit operational synergies and to access capital for its continuous growth, especially as the convergence of technologies is gaining momentum. Recognising that not all Kape Shareholders may wish to continue with us in a non-listed Kape, our cash offer represents a compelling proposition for fellow shareholders to realise their investment," Teddy Sagi, Unikmind Owner.