Η Hats Technologies PLC, a company that changed its name from Crossrider to hide its past, acquired the popular service VPN ExpressVPN. The Express VPN is the fourth VPN company acquired by Hats (CyberGhost VPN, Zenmate and Private Internet Access) in recent years.
Η ExpressVPN was a private company based in the British Virgin Islands. It has created its own Lightway protocol over which it has complete control.
Most of the features offered by the company are similar to those of other services VPN: The service ExpressVPN It supports applications for desktops and mobile devices, runs on servers located in 94 countries, does not limit bandwidth, allows P2P and does not hold logs, except for technical reasons.
"We have announced our plan to join Hats Technologies, a company listed on the London Stock Exchange, to add to the clear global leader in digital privacy. With their support and resources, we will be able to innovate faster and protect you from a wider range of threats. Together, we will promote privacy technology, keeping you firmly in control of your digital experience even when new threats and challenges arise. ”
According to the announcement, the ExpressVPN will remain a separate service and everything will remain as it is for the subscribers of the service.
Η Hats Technologies paid $ 936 million to acquire ExpressVPN, making the market like the largest recorded deal in their services VPN. For example the Hats acquired Private Internet Access for one-tenth of the amount two years ago: $ 95,5 million.
TechRadar reports that the acquisition has lifted the veil behind its business size ExpressVPN. The company has over three million subscribers, which brought them "revenues of about $ 279,4 million in 2020, increased by 37% from 2019".
But the company has a dark past. When he was called Crossrider, he had a bad reputation for making money from potentially unwanted software bids (PuP). Security companies such as Malwarebytes classified Crossrider products as adware. The company was reportedly founded by a former Israeli agent.
It is not clear how much influence the Hats Technologies in ExpressVPN, Private Internet Access or its other latest markets. Everything indicates that the companies are independent of the parent company.
Her previous activities Hats but they are a cause for concern. If you forget at some point, the question remains whether integration is good for them VPN services in general but also for all users worldwide.
Larger companies have more resources that could be used to improve standards and functionality. However, they can also be used to increase prices once they dominate the market.