DGAP-News: cyan AG / Key word(s): Expansion
Magenta (T-Mobile Austria) and cyan extend cooperation ahead of schedule while at the same time expand end customer base
Munich, July 5, 2019 / cyan and Magenta, the fully integrated service provider for telecommunications services, TV and entertainment resulting from the merger of T-Mobile Austria and UPC Austria, confirm the long-term cooperation in which cyan provides network-integrated and combined endpoint security solutions. The cooperation will now be extended ahead of schedule by further 1.5 years until mid of 2022. In addition, the potential customer base has grown by up to 50 % through the acquisition of UPC and the integration of fixed network customers into the customer spectrum of cyan.
T-Mobile Austria completed the acquisition of UPC in July 2018 and announced that both companies would operate under the Magenta brand in May 2019. The combination of the two companies will also lead to an expansion of the customer offering especially those for UPC's fixed-network customers. In addition to cyan's existing Mobile Security offerings, it is planned to provide bundled cyber-security products for mobile and fixed network contracts in the future.
Peter Arnoth, CEO of cyan AG: "We are very pleased that we can continue our successful cooperation with Magenta in the future. By bundling our know-how, both sides can benefit from the partnership and we create added value for the end customers. The fact that Magenta will expand its customer offerings in the future also creates new opportunities for us to place our products".
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 15 years of experience in the area of IT security. cyan's holding company is based in Munich, Germany. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. With the acquisition of I-New in July 2018, cyan became a one-stop solution for MVNOs worldwide. Today, the group has more than 40 international MVNOs with around 5.5 million end consumers among its contractual partners. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. In addition, data protection is assured through full integration into the customer's own network environment. In December 2018 cyan has concluded a global group contract with Orange for its cyber-security solutions.
cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan's products.
Further information is available at www.cyansecurity.com
Florian Rukover, Head of IR
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