CYR Cyan AG

DGAP-News: cyan AG: cyan and Global Voice Group (GVG) agree on long-term cooperation

DGAP-News: cyan AG / Key word(s): Contract/Alliance
cyan AG: cyan and Global Voice Group (GVG) agree on long-term cooperation

09.01.2019 / 10:55
The issuer is solely responsible for the content of this announcement.


cyan and Global Voice Group (GVG) agree on long-term cooperation

- Focus on developing the African continent and on security solutions for governments and authorities

- Start planned in Tanzania


Munich / January 9, 2019. cyan AG and the Global Voice Group S.A. (GVG) have agreed on a long-term cooperation. GVG is a multinational provider of telecom solutions with a clear focus on technology services for governments and authorities to securely process and protect payment flows. The company focuses its solutions primarily on the fast-growing African continent.

Peter Arnoth, CEO of cyan AG: "GVG has already an excellent standing and high market penetration, especially in many African countries. Accordingly, we expect a high degree of vigor for our joint solutions in these future markets. As an innovative company that has received several international awards, GVG is an ideal partner for us in many respects. After concluding 2018 with the most significant contract in cyan's history with the telecommunications group Orange, this agreement is now a very promising start to 2019 and once again underscores the global potential of cyan's cyber-security products."

cyan and GVG will work together to offer national cyber-security solutions to African governments and authorities with the aim to protect and increase payment flows and government revenues based on cyan's cyber-security intelligence. The first country will be Tanzania where cyan will provide a modified version of its cyber-filter for GVG solutions. GVG will be responsible for implementing the joint solution with the government and respective authorities.

The functionality is based upon specific cyber-security services implemented into mobile and fixed broadband telecommunication networks. These help to determine suspicious or illegal content queried by subscribers for operators. These requests are continuously filtered in order to minimize cyber-attacks on end customers and prevent negative financial impact.

About Global Voice Group:
Founded in 1998 and present in more than 20 countries, with its main offices in Spain and South Africa, Global Voice Group (GVG) has rapidly grown to become a prominent provider of world-class IT solutions to governments and regulatory authorities. Further information is available at

About cyan:
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 15 years of experience in the area of IT security. cyan's holding company is based in Munich, Germany. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. In addition, data protection is assured through full integration into the customer's own network environment. In December 2018 cyan has concluded a global group contract with Orange/France Telecom for its cyber- security solutions.

cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan's products.

Further information is available at

Investor Contact
Florian Rukover, Head of IR
cyan AG

Press Contact
Frank Ostermair
Better Orange IR & HV AG
Tel. 6 14



09.01.2019 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.
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Language: English
Company: cyan AG
Friedrich-Herschel-Strasse 5
80679 Munich
Germany
Internet:
ISIN: DE000A2E4SV8
WKN: A2E4SV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

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