News Detail - Cyan Security

cyan AG and SMARTEL form partnership to launch an innovative MVNO platform in Central Europe

DGAP-News: cyan AG / Key word(s): Alliance
15.12.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

cyan AG and SMARTEL form partnership to launch an innovative MVNO platform in Central Europe

Munich, December 15, 2020 - cyan AG and SMARTEL Services GmbH are launching a partnership with a long-term focus. The goal is to create an MVNO platform (Mobile Virtual Network Operator) for a new generation of MVNOs in Central Europe. As a Mobile Virtual Network Enabler, MVNE for short, cyan will create the technological infrastructure that will enable these innovative mobile operators to offer their services without their own network. Already in Q1 2021 the first SMARTEL customer with a solid existing customer base in the five-digit range will start on this MVNO platform, further very promising projects are planned in the medium term. These new mobile companies will focus on specific target groups, either consumers or corporate customers. A declared goal of SMARTEL is to bundle further MVNOs in Central Europe on one technical platform and to enable a fast go to market through the complementary competences of both companies.

Frank von Seth, designated CEO of cyan AG: "We are very pleased to provide the infrastructure for this exciting cooperation with SMARTEL. Especially since SMARTEL as well as the people acting there have proven to be innovators and extremely competent players in the mobile market in Central Europe in the past."

Mag. Roland C. Gube, Spokesman of the Management Board of SMARTEL Services GmbH: "With cyan AG we have found an international partner with great experience in the MVNO business, which will enable us to realize the planned expansions not only in Austria but also in other European countries. Our medium-term plans envisage a subscriber base of well over one million. The proven MVNO platform of cyan AG, which is already in use, has convinced us completely."

About SMARTEL

SMARTEL is an owner-managed company from Austria with an international investor base and an experienced management and expert team from the telco industry. The company is particularly active in the following areas: own MVNOs, MVNA (Mobile Virtual Network Aggregator) and MVNO Onboarding & Performing incl. MVNE powered by cyan, i.e. with business planning incl. product co-design, market analysis & strategy development, wholesale processing, regulatory issues, operations management, call center management and as end2end fulfillment partner in many areas.

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 prod-ucts 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



15.12.2020 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



show this