Orange and cyan AG agree on global group contract for cyber security solutions for up to 28 countries, reaching more than 260 million potential customers
cyan successfully won an international tender and concluded a long-term contract with France Telecom / Orange for at least six years. This agreement is by far the largest and most important contract in the history of the cyber security specialist from Munich.
cyan expects the license agreement to have a significant impact on revenues and earnings starting in the second half of 2019. In 2021 cyan anticipates, based on existing customers and additional revenues from the partnership with Orange, to triple annual revenues of 2018 to at least EUR 60m in 2021. EBITDA is supposed to increase even faster due to economies of scale.
The contract with Orange is a very significant validation of the cyan security product portfolio, which offers Orange clients comprehensive protection for smartphones, tablets and PCs. The cyan solution will be integrated into mobile and fixed communication networks and offered to both private and business clients. The global license agreement stipulates that all 28 Orange subsidiaries can access cyan's security solutions. It is planned that the roll-out for Europe, and subsequently for Africa, will start in the first half of 2019.