cyan launches security app with Aon and confirms guidance for 2019

09/12/2019
cyan launches security app with Aon and confirms guidance for 2019
  • Launch of the security solution in Switzerland and Austria in Q1 2020
  • Confirmation of revenue (EUR 35 million) and EBITDA guidance (EUR 14 million) for 2019

Munich, 9 December 2019 - cyan AG intensifies its long-term partnership with the American risk consultant Aon. In this context, a new mobile Aon app will be launched in which the cyan seamless security solution is integrated protecting the entire data traffic of the end customer. The app will be offered as a proprietary product to all Aon customers, initially in Switzerland and Austrian and then worldwide.

In addition to the App, the partnership with Aon focuses also on structuring and selling insurance products to primary insurers in which the cyan seamless security solution is integrated. In this segment, numerous successful discussions have already taken place with insurers in Switzerland, Great Britain, Spain and Turkey.

Peter Arnoth, CEO cyan AG: "The partnership with Aon has been very successful so far and opens new doors for us, especially in the area of insurance customers, where security solutions naturally play a very important role. Our cooperation is now being reflected in a further concrete product of Aon."

Michael Sieghart, CFO cyan AG: "In the second half of this year, our business has significantly accelerated again and we are looking very positively into the year 2020. We can thus confirm the already communicated guidance for revenue of EUR 35 million and EBITDA of EUR 14 million for the fiscal year 2019".

About Aon:
Aon is the leading global provider of risk management, insurance and reinsurance brokerage and human resources consulting services. Aon employs more than 50,000 people in over 120 countries worldwide. By using proprietary data and analytics, the company delivers insights that reduce volatility and improve performance.

For more information, please visit http://aon.mediaroom.com.

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 insurers. 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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