Private Internet Access VPN users don’t look happy with the development.
A couple of weeks ago, one of the industry’s most famous VPN providers, Private Internet Access (PIA) was acquired by Kape Technologies, an Israeli based firm as a result of its parent company, LTMI Holdings agreeing to a merger.
Reportedly, $95 million was paid as a part of the deal and this happens to be the third one on the part of Kape who has also acquired CyberGhost and ZenMate in the past.
Moreover, it is reported that PIA’s debts of $32.1 million will also be paid off through this acquisition allowing them to progress further in terms of product development and innovation.
On the other hand, it helps Kape further solidify its position in the VPN industry removing another competitor from the picture. However, this update isn’t all roses for either side seeing the reaction of their customers.
Screenshot from a Reddit post.
Users took to different forums expressing their disappointment and how they were “ready to jump ship.” The reason? Kape happens to have a not-so-bright past sheddin ..
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