Kape Technologies - Integration update
Kape provided a brief update on progress integrating its recent acquisitions, Intego and ZenMate. While no numbers were given, integration is tracking ahead of plan and the company reports ‘early signs of strong traction’ promoting CyberGhost’s VPN into Intego’s customer base. This is obviously encouraging, reinforcing our view about Kape’s ability to make value-accretive deals leveraging its distribution network. At this early stage we make no change to our forecasts.Kape Technologies is engaged in online digital product development and distribution and the provision of software platforms to the digital advertising industry. Co. operates through two segments: web and desktop, and mobile. Co.'s web and desktop segment comprises its Web applications development and Desktop application distribution platforms. Co.'s mobile segment operates its own white label Mobile media management platform, Ajillion, and its own Mobile Advertisement Network, DefinitiMedia.
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