cyan further expands its presence in Latin America and closes largest licensing agreement in cyan's history with ACN Group / Flash Mobile

13/11/2019
cyan further expands its presence in Latin America and closes largest licensing agreement in cyan's history with ACN Group / Flash Mobile
  • Sale of 60 million new MVNO / Security licenses
  • Covers current operations in Colombia and Mexico as well as future expansions in Latin America
  • Launches in Peru in early 2020, as part of ACN's strategic plan to aggressively grow in the region
  • Significant revenue contribution for cyan, beginning in the fiscal year 2019

Munich, 13 November, 2019 - cyan and ACN (Flash Mobile) have built upon their existing collaboration and signed a contract for 60 million end customer licenses. cyan provides the technology and embedded security features required to operate an MVNO, while Flash Mobile focuses on sales and marketing to its end customers.

The ACN Group is already represented in the Colombian and Mexican markets with its Flash Mobile brand and is now planning to enter Peru and other Latin American markets. As part of this expansion, the partnership with cyan has been significantly stepped up via an extended license agreement. The contract will generate a significant revenue contribution for cyan, beginning in the fiscal year 2019.

Peter Arnoth, CEO cyan AG: "We are very pleased to have won Flash Mobile for this long-term contract. This is a great vote of confidence for cyan's "all-in" product range and underlines our strategic orientation. The license agreement enables us to significantly expand our presence in the rapidly growing Latin American markets. Furthermore, the strengthened relationship with ACN emphasizes once again the strong growth opportunities for cyan, particularly outside of Europe."

To fully capitalize on such growth opportunities, the management board of cyan AG has decided to evaluate potential options regarding its US Expansion Strategy. In this context, Lazard has already been mandated as an adviser.

About Flash Mobile:
Flash Mobile is a brand of ACN, the world's largest direct seller of telecommunications, energy, and other essential services for residential and business customers. ACN was founded in 1993 and runs operations in 26 countries. The ACN family consists of individual brands that serve millions of customers around the world. In Latin America the MVNO brand is called Flash Mobile.

About cyan
cyan (XETR:CYR) is a leading global provider of intelligent, white-labeled IT security solutions and telecom services, with more than 15 years of experience in the IT security industry. The company's primary business lines include the provision of cyber security solutions for end customers of mobile network operators and fixed-line internet service providers (MNO), for mobile virtual network operators (MVNO) as well as for the banking sector and insurance companies. cyan's solutions are integrated into the business partner's infrastructure and then offered under its own name ("white-labeled") to its end customers ("B2B2C").

Today, the group has more than 50 international customers, through whom cyan's products are sold to around 8 million end customers. cyan offers a service along the entire value chain, from the platform to data optimization and cyber security. The company also operates its own research & development center with the goal of recognizing trends in the industry at an early stage and to create the best possible product solutions. In December 2018 cyan concluded a global group contract with Orange for its cyber security solutions. Cooperation partners include Aon, the world's leading insurance broker, and Wirecard, the payment service provider.

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