Crossrider To Change Name To Kape Technologies Effective Next Week

LONDON (Alliance News) - Security software firm Crossrider PLC said Wednesday it is to change ...

Alliance News 7 March, 2018 | 1:38PM
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LONDON (Alliance News) - Security software firm Crossrider PLC said Wednesday it is to change its name to Kape Technologies PLC, effective from Tuesday next week.

Shares will begin trading under the new name and the ticker KAPE.

The name change, Crossrider said, reflects the change in operations and strategic focus over the past 18 months.

Chief Executive Ido Erlichman said: "Our business has been successfully transformed to focus on developing our own suite of consumer cybersecurity software products, whilst leveraging our proprietary distribution technology and expertise to grow the user base for these solutions.

"We believe the consumer cybersecurity market offers significant opportunity to deliver shareholder value. We are well-placed to capitalise on this, as not only do we possess the unique ability to distribute our own software products, but we also have end-to-end control of the user journey. This enables us to be proactive as well as bold and accessible to the end consumer, giving us the capability to constantly adjust to the ever-evolving digital landscape."

Crossrider shares were down 0.6% on Wednesday at 76.05 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Crossrider PLC 85.50 -
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