This sparked speculations about a merger even before the official announcement. Nord Security clarified publically: This is not an acquisition, Nord Security is not buying Surfshark, this is a mergerĪ few days before the official announcement that the two companies were to merge, some news websites shared their suspicion that the two companies had actually hatched from the same Lithuanian business alma mater, Tesonet. Although the figures have not been discussed publicly, the transaction could easily eclipse Kape's acquisition of ExpressVPN in September 2021 for nearly $1 billion. These aspects have been quite murky ever since Kape Technologies started buying VPN companies last year and slightly tweaking their terms of service along the way.The companies will continue to exist as two separate brands, leaving their customers with a choice of services while still staying loyal to their respective fans and subscribers. We will double-check the privacy policies, terms of service, and ownership structures of both NordVPN and Surfshark as the merger settles in.
“ Nord Security team has always been independent and autonomous, even while still a part of Tesonet accelerator in the very early days.” Today, Surfshark is a completely separate company but we remain close friends with people from other Tesonet companies, have occasional events, and share knowledge about the labour market situation,” said Dimavičius.Īccording to NordVPN’s statement, it is an independent entity.
“Surfshark kicked off with the help of, especially in terms of office space, hiring, and advice. In light of these rumors, Surfshark’s communication head, Dominykas Dimavičius, said that there was no prior partnership with NordVPN and Surfshark. However, Tesonet does not mention Surfshark products on its website, but NordVPN products are featured on its homepage. Tesonet helped Surfshark during the development phase as the company remained under the umbrella of Tesonet for two years, according to Kaziukonis. Hey there! 👋 Surfshark and Nord Security's conjunction happened very recently, which means that we were not related to them before. However, the companies have denied any connection before the merger. It raises questions about the VPN ownership structures. So, both NordVPN and Surfshark have ties to the same company. However, the merger dew scrutiny on both companies as the users noticed that the company, Tesonet, who helped develop Surfshark is the same Lithuanian business incubator that helped NordVPN during its developing phase. Neither NordVPN nor Surfshark is changing its Terms of Service or Privacy Policy. With the merger, both VPN companies will bring advanced security solutions for consumers. Tom Okman, co-founder of Nord Security said that considering the increase in cybersecurity challenges, the VPN industry needs “radical simplification” for both businesses and consumers. The idea behind the deal is to align on a tactical level in reaching mutual goals while keeping the autonomy of our operations.” “Nothing changes concerning our brands, infrastructure, company management, employees, and product development. What changes can users expect?Īccording to NordVPN and Surfshark, users don’t have to concern themselves regarding any drastic changes as there will be none. ~ Surfshark founder and CEO Vytautas Kaziukonis. Nord Security and Surfshark joining forces will set the ground to scale in different digital security dimensions, which is necessary to meet the growing requirements of our customers.” They also bring new competitive challenges. “Consolidations in the global consumer cybersecurity market indicate the industry’s maturity. In a statement, Surfshark’s CEO and co-founder Vytautas Kaziukonis says both companies have joined forces in the wake of growing cybersecurity threats. While the terms of the merger between two VPN companies have not been disclosed, both have spent months negotiating terms before making a public announcement.īoth NordVPN and Surfshark will continue to operate as separate companies with “separate infrastructures and different product development plans.” NordVPN and Surfshark Are Merging, Continuing VPN Consolidation Trend
Last year Kape Technologies acquired ExpressVPN as the company now operates four VPN services, including CyberGhost, Private Internet Access, Zenmate, and ExpressVPN. The merger between NordVPN and Surfshark is in the wake of consolidation in the VPN market.
Two major VPN providers, NordVPN and Surfshark, are merging, according to official statements from both companies.
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