In the first agreement of its kind for Israel's Kape Technologies, the cybersecurity company will supply the VPN solutions of its subsidiary Private Internet Access (PIA) to the approximately three million customers of 3 Hong Kong.
In 2019, Kape, which is owned by Israeli businessman Teddy Sagi, acquired U.S.-based PIA, which specializes in digital data encryption solutions, mainly ones for internet privacy. As a result of the consolidation, Kape became a leading supplier of digital privacy software with a main aim of protecting consumers and their personal data as they go about their digital lives.
3 Hong Kong, which operates under the "3" brand, is the mobile division of telecom giant Hutchison, which is part of the global Hutchison Group, a Fortune 500 company. In April of last year, it introduced 5G network services for the first time, positioning itself as a key player in the development of a new ecosystem in the telecom market by providing a wide range of services and solutions, such as 5G technologies and IoT solutions, to private and organizational customers.
Besides cellular communications, 3 Hong Kong offers its customers cellular devices, consulting services, project management and technical support in order to help large companies boost efficiency and competitiveness. The company also contributes its services and solutions for Hong Kong's development as a smart city. 3 Hong Kong has three million customers in Hong Kong alone and 130 million customers worldwide.
Ido Erlichman, CEO of Kape, said, "We are delighted to announce this agreement with 3 Hong Kong, which marks a first of its kind for Kape. We anticipate that with 3 Hong Kong’s distribution capabilities and unique market positioning, coupled with PIA’s brand recognition and tier one product, that we will successfully increase our product penetration in Hong Kong. This agreement is further evidence of the growing awareness and demand for privacy products amongst consumers and brands globally."
Kape currently has a customer base of 2.6 million paying subscribers in North America and Europe, the main markets in which it operates. The company has 430 employees in eight countries, and its main development center is located in Tel Aviv.