Israeli cybersecurity firm Kape Technologies plc (LSE: KAPE) has signed an agreement to supply its digital privacy solutions to Hutchison’s mobile operator 3 Hong Kong.
Under the terms of the agreement, the company will provide its PIA subsidiary’s VPN solutions to 3 customers in Hong Kong. This is PIA’s first collaboration agreement with a telecom company. PIA’s VPN solutions will be available to 3 Hong Kong’s three million customers, who can register for services directly with 3 Hong Kong.
Kape acquired the American company PIA in December 2019. PIA provides digital data encryption services, primarily for web privacy. The consolidated company has become the largest player in its field in the US and is one of the world’s three leading players in its field.
After the consolidation between the two companies took place at the end of 2020, Kape started reporting its results based on two areas of activity: digital security, including the optimization and protection products for the aforementioned malicious software; and digital privacy, including its own and PIA’s web privacy products. As a result of the consolidation, Kape has become the leading provider of digital privacy software for consumers, with the primary goal of protecting consumers and the personal information that controls their digital lives.
3 Hong Kong, which operates under the Three brand, is the mobile division of telecom giant Hutchison, which is part of the Fortune 500-listed Hutchison Group – one of the world’s largest 500 companies. 3 Hong Kong has three million customers in Hong Kong alone and 130 million customers worldwide.
Kape CEO Ido Erlichman said: “We are pleased to announce this agreement with 3 Hong Kong, which is a first for Kape. We expect that with 3 Hong Kong’s distribution capabilities and unique market positioning, combined with PIA’s brand recognition and tier one product, through which we will successfully increase our product penetration in Hong Kong. This agreement is further proof of the growing awareness and demand for privacy products among consumers and brands worldwide.”
Kape currently has a customer base of 2.6 million paid subscribers in the key markets in which it operates – North America and Europe. The company has 430 employees in eight countries and its main development center is in Tel Aviv.
Published by Globes, Israel Business News – en.globes.co.il – on July 15, 2021
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