Israeli billionaire Teddy Sagi buys web publisher in $149m takeover
The move will hand Kape one of the largest audiences in its field
8 March 2021 • 7:08am
The cybersecurity company controlled by Israeli billionaire Teddy Sagi has mounted a near-$150m (£108m) takeover of online publisher Webselenese.
Aim-listed Kape has struck a cash-and-shares deal for Tel Aviv-based Webselenese, which pulls in 8.5m monthly readers to its digital security review websites.
The move will hand Kape one of the largest audiences in its field, bolstering attempts to become a market leader in security software.
Chief executive Ido Erlichman said the deal gave it control over one of the “most respected” businesses within its industry.
London cyber firm Kape acquires Israeli rival in $150m deal
London-listed Kape said the deal will help expand its audience and fuel audience growth (Getty Images)
London-based cybersecurity company Kape Technologies has snapped up Israeli IT firm Webselenese in a deal worth almost $150m (£108m).
Kape, which provides privacy-focused software, said the mixed cash and share deal will help expand its audience and fuel organic growth.
Shares in Kape jumped by more than a fifth after the deal was announced this morning.
Tel Aviv-based Webselense provides consumer privacy and content to millions of users through a number of comparison websites that offer reviews and advice on online security tools.