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cyan AG supports MTEL in its expansion to Germany and Switzerland

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DGAP-News: cyan AG / Key word(s): Alliance
03.03.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

cyan AG supports MTEL in its expansion to Germany and Switzerland

Munich, 3. March 2021 - cyan and MTEL have decided to extend their contract to cover Germany and Switzerland after years of successful cooperation in Austria. The existing seamless BSS/OSS platform will be significantly expanded by mid-2022. The envisaged additional end customer base will be multiplied in comparison to Austria.

Frank von Seth, CEO of cyan AG: "We are very pleased to accompany our long-standing partner MTEL in their European expansion. Through this expansion of MTEL, we will also benefit with significant growth in the BSS/OSS sector."

About MTEL
With the slogan "Closer to home", MTEL Austria's mobile and other telecommunications services such as OTT TV are primarily addressed to customers who live and work in Austria and come from Serbia, Bosnia and Herzegovina or Montenegro, but also to all those who communicate with these countries frequently or spend a lot of time in them for private or business purposes.

The services are the result of the use of state-of-the-art technologies, careful identification of global trends, the enthusiasm and knowledge of young, highly educated and creative experts, the vast experience of the management and close cooperation with successful telecommunications companies such as Telekom Serbia and Telekom Austria,

The services are available at all MTEL shops in Austria, as well as partner distribution branches in more than 200 point of sales for postpaid services and more than 12,000 points of sale for prepaid services.

About cyan
cyan AG (XETR: CYR) is a leading, globally active provider of intelligent IT security solutions and telecom services with more than 15 years of experience in the IT industry. The main business areas of the company are cybersecurity solutions for end customers of mobile and fixed network internet service providers (MNO), virtual mobile network operators (MVNO) as well as banks and insurance companies. cyan's solutions are integrated into the business partner's infrastructure and then offered to their end customers ("B2B2C") under their name ("white-labeled").

Today, the group of companies has more than 50 international customers, through which cyan products are sold to approximately 50 million end customers. cyan can offer products along the entire value chain from platform, data optimization to cyber security. In addition, cyan operates its own Research & Development Centre with the aim of identifying trends in the industry at an early stage and developing optimal product solutions. In December 2018, cyan was able to win a global group contract with Orange in an international tendering process. cyan's cooperation partners include the world's leading insurance broker Aon or Magenta Telekom.

Further information is available at www.cyansecurity.com

Investor Contact:
cyan AG
Tel. +49 89 71042 2073
E-mail: ir@cyansecurity.com

Press Contact:
Better Orange IR & HV AG
Tel. +49 89 88 96 906 17
E-mail: anita.schneider@better-orange.de


03.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

cyan AG

Theatinerstraße 11

80333 Munich

Germany

Internet:

www.cyansecurity.com

ISIN:

DE000A2E4SV8

WKN:

A2E4SV

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1172608


 

End of News

DGAP News Service

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