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Arenim Technologies to expand to Middle-East

Arenim Technologies, a Stockholm-based Hungarian majority-owned mobile application developer, is planning to expand to the Arab countries of the Middle East, Hungarian news agency MTI reported today.

Their mobile encryption application entitled CryptTalk, is available worldwide, however Arenim is planning to establish the necessary infrastructure to work with local partners, CEO and co-founder Szabolcs Kun said. Kun anticipates that mobile call encryption will become an important part of technology in 2015.

In November, Arenim released a version of CryptTalk for private users and there are plans for localized versions of the app for Brazil and China. Arenim Technologies was founded in 2013, it has offices in Sweden and Budapest. The company expects to be making a profit on a monthly cash basis by the end of 2015.