DGAP-News: cyan launches security app with Aon and confirms guidance for 2019
DGAP-News: cyan AG
/ Key word(s): Expansion
cyan launches security app with Aon and confirms guidance for 2019
Munich, 9 December 2019 - cyan AG intensifies its long-term partnership with the American risk consultant Aon. In this context, a new mobile Aon app will be launched in which the cyan seamless security solution is integrated protecting the entire data traffic of the end customer. The app will be offered as a proprietary product to all Aon customers, initially in Switzerland and Austrian and then worldwide. In addition to the App, the partnership with Aon focuses also on structuring and selling insurance products to primary insurers in which the cyan seamless security solution is integrated. In this segment, numerous successful discussions have already taken place with insurers in Switzerland, Great Britain, Spain and Turkey. Peter Arnoth, CEO cyan AG: "The partnership with Aon has been very successful so far and opens new doors for us, especially in the area of insurance customers, where security solutions naturally play a very important role. Our cooperation is now being reflected in a further concrete product of Aon." Michael Sieghart, CFO cyan AG: "In the second half of this year, our business has significantly accelerated again and we are looking very positively into the year 2020. We can thus confirm the already communicated guidance for revenue of EUR 35 million and EBITDA of EUR 14 million for the fiscal year 2019". For more information, please visit http://aon.mediaroom.com. Today, the group has more than 50 international customers, through whom cyan's products are sold to around 8 million end customers. cyan offers a service along the entire value chain, from the platform to data optimization and cyber security. The company also operates its own research & development center with the goal of recognizing trends in the industry at an early stage and to create the best possible product solutions. In December 2018 cyan concluded a global group contract with Orange for its cyber security solutions. Cooperation partners include Aon, the world's leading insurance broker, and Wirecard, the payment service provider. Further information is available at www.cyansecurity.com Investor Contact Press Contact
09.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | cyan AG |
Friedrich-Herschel-Strasse 5 | |
80679 Munich | |
Germany | |
Internet: | www.cyansecurity.com |
ISIN: | DE000A2E4SV8 |
WKN: | A2E4SV |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 931143 |
End of News | DGAP News Service |
|
931143 09.12.2019
cyan AG Stock
The community is currently still undecided about cyan AG with 1 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is potential for a 346.43% increase which would mean more than doubling the current price of 2.24 € for cyan AG.