NordVPN

NordVPN and Surfshark, two of the most popular VPN companies, are combining to become one firm.

The purchase was revealed on Tuesday by NordVPN’s parent firm, Nord Security. Cyberspace is the name of the newly formed corporation, which is based in the Netherlands.

According to the release, both VPN providers will continue to operate separately and “rely on different infrastructure and product roadmaps.” This implies that NordVPN customers will not be able to connect to the same VPN servers as Surfshark users. NordVPN will continue to be based in Panama.

Nord Security added that “this is not an acquisition; Nord Security is not buying Surfshark; this is a merger.” However, because both firms are privately held, no more specifics about the deal are available.”

“The combination will create new technological knowledge-sharing opportunities and enable more targeted market diversification,” the two businesses said. As a result, the providers may implement the same technology in the future.

It’s also unclear who will be in charge of the new business. However, Nord Security and Surfshark have joined forces in the hopes of expanding in a sector that is already crowded with VPN services.

“The purpose of the transaction is to pool resources toward similar goals while maintaining both organisations’ autonomy,” they explained.

“The founders emphasise that this strategic business move will act as a springboard for more fast expansion and innovation while preserving the individuality of both brands, which customers have grown to value over time.”

Surfshark further mentioned that the VPN sector is consolidating. Kape Technologies has been buying up VPN companies such as ExpressVPN, Private Internet Access, and CyberGhost in recent years. In 2019, Ziff Davis, also purchased IP Vanish and StrongVPN.

“The worldwide consumer cybersecurity market is maturing, as evidenced by consolidations.” “They also provide new competitive difficulties,” said Vytautas Kaziukonis, founder of Surfshark.

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The two corporations began talking about merging in the middle of 2021, and the deal was finalised on Tuesday. Prior to the announcement, however, both Nord Security and Surfshark downplayed their links after TechRadar claimed that the two firms were established at the same Lithuanian startup incubator Tesonet.

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This fueled rumours that Nord Security and Surfshark would combine, which turned out to be correct.

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