Greek start-up Crypteia Networks was bought out by Hong Kong-based telecommunications multinational PCCW Global, as it was announced on October 20. Founded in 2011, Crypteia develops innovative solutions for secure communications, which allows enterprises to monitor possible problems from digital threats in their internal as well as external networks. The start-up already has customers in over 20 sectors, including shipping, telecoms, and finance.

PCCW Global has acquired 100% of Crypteia for an undisclosed amount. It will maintain Crypteia’s operation mode, as the Greek company will retain its name and continue its activities in Greece.