CyberGhost Sold to Crossrider for $9.8 Million

A millionaire deal and a stronger appeal

If you love to see the numbers behind company acquisitions, prepare your mouth going agape: the UK/Israeli company had to pay something as €9.1 million (approximately $9.8 million) to fully acquire CyberGhost. For those who are not familiar with the acquirer, Crossrider began with developing ad tech products and distributing browser extensions, which Robert Knapp highlights in its blog post, is exactly the opposite of CyberGhost’s purpose: to deliver safe and private internet access. However, as Ido Erlichman, Crossrider’s CEO, stated the company wanted to enter into the field of cyber security as well and that’s exactly where CyberGhost (and its acquisition) comes into play. According to Erlichman, this expansion is significant from a strategic point of view, since it allows a great amount of growth opportunity.

CyberCross or GhostRider?

However, despite CyberGhost’s guarantee that everything will stay the same, some users still expressed concerns regarding connection logs, one of the most valuable features of the company. Since Crossrider operates from the UK, a country known for its close online rules, that issue is rather significant. To end with, despite the future surely looking bright, only time will tell how Crossrider and CyberGhost will end up working together and, most importantly, what they can offer their users. But the question remains the same: will the world witness the birth of a brand new GhostRider VPN?