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February 2, 2022 01:00 pm

NordVPN and Surfshark Are Merging, Continuing VPN Consolidation Trend

An anonymous reader quotes a report from CNET: NordVPN and Surfshark have finalized a merger agreement between the two VPN providers, the companies announced Wednesday. Though the specifics of the transaction aren't being released, the finalized merger agreement follows months of negotiations between the two companies that began in mid-2021, according to a joint press release issued by Surfshark and Nord Security, NordVPN's parent company. Surfshark and NordVPN had been rivals in the ultra-competitive market for VPNs (virtual private networks) prior to the merger, but are now joining forces to "solidify both companies' offerings in different market segments and diversify the geographical reach," according to the press release. More consumers have turned to VPNs in recent years to counter increasingly invasive digital tracking from search engines, ISPs and advertisers, as well as to circumvent local content restrictions and censorship. But the merger of two of the industry's top names -- both of which have long been among CNET's top VPN picks -- highlights the continued trend of consolidation in the VPN industry, which finds more brands under the umbrella of just three big companies -- Kape Technologies, Tesonet and Ziff Davis -- making it more important than ever to understand which entities are ultimately controlling the data sharing and privacy policies that underpin VPNs. The merger announcement follows the news just days ago that Surfshark was developed with the help of Tesonet, the same Lithuanian business incubator that helped NordVPN in its early days. While the Tesonet-NordVPN relationship was already known, the ties between Tesonet and Surfshark had been previously undisclosed. That changed last week after a report at Lithuanian news site Verslo zinios.

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