Major VPN providers Surfshark and Nord Security are merging, according to a blog post from both companies. The merger is one of a number of consolidations within the VPN market, much of which is already controlled by Kape Technologies, Tesonet and Ziff Davis.
Terms of the merger were not disclosed but the two companies spent months negotiating before making the announcement. The two companies will operate as separate entities “relying on separate infrastructures and different product development plans.”
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In a statement, Surfshark founder and CEO Vytautas Kaziukonis defended the VPN market’s worrisome consolidation, arguing that it indicated “the industry’s maturity.”
“Consolidations in the global consumer cybersecurity market indicate the industry’s maturity,” Kaziukonis said.
“They also bring new competitive challenges. 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.”
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The companies argued that they never intended to “be only a VPN”