PCCW Global has acquired Crypteia Networks, a European company offering innovative security-as-a-service solutions, helping organizations of any size to detect and respond to the new breed of cyber threats. PCCW Global will offer Crypteia solutions as part of its managed network services portfolio to its customers worldwide.
Headquartered in Athens, Greece, Crypteia Networks will continue to operate as a separate brand, while benefiting from PCCW Global's international presence and extended customer base in order to accelerate its global expansion.
Crypteia said that the company currently has more than 150 customer installations in various countries, including the UK, Germany, and Greece. Its customers range from professional services firms and retailers to financial institutions, public sector and critical infrastructure providers.
Crypteia' cloud based solution employs a non-intrusive approach and uses data logs that most companies are already generating. In addition, the solution is supported by the company's patent-pending MOREAL reporting and alerting platform with Security Incident and Event Management features, backed by Crypteia's Global Security Operation Center.
Marc Halbfinger, Chief Executive Officer of PCCW Global
With the acquisition of Crypteia Networks, PCCW Global can further provide a secure communications channel for customers accessing and protecting their most valuable assets via a service chain of managed network transport and connectivity, content delivery, and network security which will become increasingly integrated over time.
Yiannis Giokas, founder and Chief Executive Officer of Crypteia Networks
A key reason that many organizations are currently vulnerable is that most solutions aiming to combat the new threats are highly complex, costly, and time-consuming to administer. Crypteia was designed to be the opposite: lightweight, cloud-based, automated, and affordable.
