News - cyan AG: cyan AG and MobiFone sign cooperation agreement

04/05/2020

DGAP-News: cyan AG / Key word(s): Contract/Alliance
04.05.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

cyan AG and MobiFone sign cooperation agreement

- MobiFone is one of the largest telecommunications companies in Vietnam with more than 30 million customers

- In a first step, cyan integrates mobile child protection in MobiFone's network

- Integration already started, go-live planned for the fourth quarter of 2020


Munich, May 4, 2020 - cyan has signed a cooperation agreement with MobiFone, the third largest Vietnamese mobile network operator (MNO). MobiFone is a fast-growing MNO with more than 30 million customers and is considered a highly innovative telecom company trans-regionally.

cyan will make a significant contribution to the strategic positioning of MobiFone with the implementation of mobile child protection. The technical integration has already begun and will be realized locally with a subsidiary of MobiFone (MobiFone Global).

Peter Arnoth, CEO of cyan AG: "We are very pleased that we could win MobiFone for our child protection. With this product, especially parents will have the chance to accompany children with their first steps in the internet and to protect them from harmful content and inappropriate apps. In the middle of the COVID-19 crisis, we succeeded in signing this spectacular deal for cyan. We have gained an important reference client in Asia through this cooperation and see this as further confirmation for our product portfolio, our integration competence and thus for our strategic orientation".


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 8 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 and the payment service provider Wirecard.

Further information is available at www.cyansecurity.com.

Investor Contact:
Florian Rukover, Head of IR
cyan AG
[email protected]

Press Contact:
Anita Schneider
Better Orange IR & HV AG
[email protected]



04.05.2020 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.

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