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PRESS RELEASE: cyan AG supports MTEL in its expansion to Germany and Switzerland

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DGAP-News: cyan AG / Key word(s): Alliance
cyan AG supports MTEL in its expansion to Germany and Switzerland
2021-03-03 / 08:30
The issuer is solely responsible for the content of this announcement.
cyan AG supports MTEL in its expansion to Germany and Switzerland
Munich, 3. March 2021 - cyan and MTEL have decided to extend their contract to cover Germany and Switzerland after
years of successful cooperation in Austria. The existing seamless BSS/OSS platform will be significantly expanded by
mid-2022. The envisaged additional end customer base will be multiplied in comparison to Austria.
Frank von Seth, CEO of cyan AG: "We are very pleased to accompany our long-standing partner MTEL in their European
expansion. Through this expansion of MTEL, we will also benefit with significant growth in the BSS/OSS sector."
About MTEL
With the slogan "Closer to home", MTEL Austria's mobile and other telecommunications services such as OTT TV are
primarily addressed to customers who live and work in Austria and come from Serbia, Bosnia and Herzegovina or
Montenegro, but also to all those who communicate with these countries frequently or spend a lot of time in them for
private or business purposes.
The services are the result of the use of state-of-the-art technologies, careful identification of global trends, the
enthusiasm and knowledge of young, highly educated and creative experts, the vast experience of the management and
close cooperation with successful telecommunications companies such as Telekom Serbia and Telekom Austria,
The services are available at all MTEL shops in Austria, as well as partner distribution branches in more than 200
point of sales for postpaid services and more than 12,000 points of sale for prepaid services.
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 products 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
2021-03-03 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
Language: English
Company: cyan AG
Theatinerstraße 11
80333 Munich
Internet: www.cyansecurity.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 1172608

End of News DGAP News Service

1172608 2021-03-03

END) Dow Jones Newswires

March 03, 2021 02:31 ET ( 07:31 GMT)

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