Kape Technologies is a global technology leader in the supply of the latest, most innovative mobile and electronic devices.
The Indian-based company has successfully established itself in several countries worldwide with high-quality products for both private and business use.
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Kape Technologies Subsidiaries ->
Overview of Kape Technologies
Kape Technologies, Inc. (Nasdaq: KAPE) is a global provider of on-demand, scalable IT services, including services in the areas of:
- Managed IT Services
- Cloud Services
- Web & Mobile Development
- Collaboration Services
- Application Development
- Managed Security Solutions
Kape’s global offices serving businesses in North America, South America, Europe, and Asia are staffed with 2,000+ professionals that provide 24/7/365 remote monitoring and management of IT services, cloud-based services, mobile app development, collaboration, application development, and security.
Kape’s headquarters are located in Torrance, California, and the company has 16 offices in the United States, Canada, Europe, and Asia.
Subsidiaries and Affiliates of Kape Technologies
Kape Technologies has a number of subsidiaries and affiliates. A group company of Kape Technologies, Kape Fintech, also has subsidiaries and affiliates.
Kape Fintech is a holding company of Kape Fintech Holdings Limited, Kape Fintech Pte. Ltd., Kape Fintech PTE. LTD., Kape Fintech (Mauritius) Limited, and Kape Fintech (Pte. Ltd.).
Kape Fintech Holdings Limited is the parent company of Kape Fintech Pte. Ltd., Kape Fintech PTE. LTD., Kape Fintech (Mauritius) Limited, and Kape Fintech (Pte. Ltd.).
Kape Fintech Pte. Ltd. is a subsidiary of Kape Fintech Holdings Limited. It is engaged in the provision of financial technology, including consulting and planning, solutions, and support for the promotion and development of financial technology.
Kape Fintech PTE. LTD. is a wholly-owned subsidiary of Kape Fintech Holdings Limited. It is engaged in the provision of financial technology, including consulting and planning, solutions, and support for the promotion and development of financial technology.
Kape Fintech (Mauritius) Limited is a subsidiary of Kape Fintech Holdings Limited. It is engaged in the provision of financial technology, including consulting and planning, solutions, and support for the promotion and development of financial technology.
Kape Fintech (Pte. Ltd.) is a wholly-owned subsidiary of Kape Fintech Holdings Limited. It is engaged in the provision of financial technology, including consulting and planning, solutions, and support for the promotion and development of financial technology.
Recent Acquisition Activity of Kape Technologies
In early 2021, Kape Technologies announced the acquisition of VIM, a privately held global IT services provider headquartered in the US.
Kape Technologies said it acquired VIM for $90 million and the acquisition will be accretive to earnings. Kape Technologies acquired VIM to strengthen its capabilities in the North American market. As it turns out, Kape Technologies is acquiring VIM to enhance its capabilities in cloud and managed services.
Kape Technologies also acquired a privately held US-based MSP – Top Tier IT Solutions to expand its capabilities and reach in the US market. Kape Technologies paid $55 million to acquire Top Tier IT Solutions.
BENEFITS OF KAP Technologies SUBSIDiary AND ACQUISITION ACTIVITY
Kape Technologies has earned a reputation for itself for offering end-to-end technology solutions for businesses. The acquisition of Advensio and investments in other dividend-paying tech companies have boosted Kape’s portfolio.
Kape’s subsidiary has also made notable acquisitions recently, including Advensio, which is an integrated advertising technology provider.
The subsidiary’s subsidiary has also made notable acquisitions recently, including Advensio, which is an integrated advertising technology provider.
Kape Technologies has also developed a broad portfolio of services, including managed IT services, IT consulting, and cybersecurity. Kape’s investment in the cybersecurity sector has paid off.
Challenges of Kape Technologies Subsidiary and Acquisition Activity
Kape Technologies, Inc. (NASDAQ: KAPE), is a diversified holding corporation headquartered in San Diego, California, with subsidiaries in 17 U.S. states and overseas operations. The company provides utility, financial services, and telecommunications services.
The utility division includes Kape Energy, which is engaged in the acquisition, development, operation, acquisition, finance, and ownership of renewable energy assets. Kape Energy currently operates 628 megawatts of solar capacity and 2,433 megawatts of wind capacity.
The financial services division includes Kape Financial, which specializes in the origination, sale, and service of commercial mortgage loans. Kape Financial’s clients include small and mid-sized businesses.
The telecommunications division includes Kape Communications, which specializes in the deployment of fiber networks.
The company has two subsidiaries.
- Kape Energy, Inc. (NASDAQ: KAPE)
- Kape Energy Holdings, Inc. (NASDAQ: KAPEH)
- Kape Financial Services, Inc. (NASDAQ: KAPEF)
- Kape Communications, Inc. (NASDAQ: KAPEC)
The company also owns two affiliates.
OUTLOOK FOR KAPE TECHNOLOGIES SUBSIDiary and ACQUISITIONS ACTIVITY
Kape Technologies has been on an acquisition spree over the past year. The company acquired 17 companies between 2018 and 2022. Kape Technologies acquires its companies by buying their stock and converting it into Kape stock.
Kape Technologies has increased its visibility in the global market with 87% of its revenue coming from outside the United States. The acquired companies in Kape Technologies’ portfolio are primarily focused on life sciences, cybersecurity, and cloud.
Kape Technologies’ acquisition strategy has been focused on acquiring companies that leverage its technology. Kape Technologies has been using acquisitions as a source of innovation and technological expertise.
However, Kape Technologies’ recent acquisitions have been met with several challenges.
For instance, Kape Technologies’ acquisition of Alchemy Automation Platform in 2018 has been put under regulatory scrutiny.
In 2020, it was reported that Kape Technologies was being investigated for accounting manipulation. The alleged accounting fraud resulted in a $25 million loss in 2020. As part of an investigation, Kape Technologies was barred from purchasing or issuing new stocks until 2022.
FAQ
What Does Kape Technology Do?
Kape Technologies PLC, a UK-based company, develops and distributes digital products in the security sector. To maximize its reach and distribute its software products, the Company uses its digital distribution technology.
Who Is CyberGhost Owned By?
CyberGhost was owned previously by Robert Knapp, a German tech entrepreneur. It was based/operated from Romania. Knapp, however, sold CyberGhost VPN to investors outside of the company. Crossrider, an Israeli company, purchased CyberGhost for EUR9.2 Million in 2017.
Who Founded Kape Technologies?
Ido Erlichman, Kape Technologies CEO, stated in an interview with Calcalsit’s Sophie Shulman last week that 2021 would be a transformative year for Kape. Erlichman stated that Kape Technologies has grown rapidly over the past six years.
What VPNs Does Kape Technologies Own?
Kape Technologies is located in the Isle of Man. It is an independent British Crown dependency on the Irish Sea. It currently owns four VPNs: CyberGhost VPN and ZenMate VPN. Private Internet Access (PIA) and ExpressVPN are also available. Crossrider is often associated with the company, and there are a lot press links to it with adware/malware.
Where Is Kape Technologies Located?
Kape Technologies is located at London, England, United Kingdom.
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