On Wednesday, Nord Security and Surfshark have announced finalizing merger agreement between the two VPN providers. And, reportedly one of the biggest mergers in the VPN industry.
The move will allow both the VPN companies to strengthen their offering in the various market segments and enable diversifying the geographical reach.
PRNewswire reports that both companies will continue to operate autonomously and rely on separate infrastructure and product roadmaps. The strategic business move will allow both companies to work on common goals that secure people’s digital lives while maintaining the uniqueness of both brands.
Talking about the cybersecurity industry, the co-founder of Nord Security Mr. Tom Okman said as cybersecurity and digital privacy are becoming more complex, the industry needs radical simplification and ease of access for consumers and businesses. Nord Security and Surfshark being the largest internet security powerhouse in the market have the caliber to bring advanced solutions for clients.
Vytautas Kaziukoni, the founder of Surfshark said Consolidations in the global consumer cybersecurity market define the growth of the industry. Consolidations likewise bring new competitive challenges. The Nord Security and Surfshark merger will set a base to scale in diverse security dimensions, which is essential to suffice the increasing needs of their clients.
Are you looking for more security updates? Subscribe to our Newsletter for the latest security news updates.