EQS-News: cyan AG increases subscriber base by 86% in 2024 and takes growth strategy to the next level

cyan AG increases subscriber base by 86% in 2024 and takes growth strategy to the next level

Munich, February 03, 2025 - cyan AG, a provider of intelligent cybersecurity solutions, recorded a subscriber growth of 86% in the 2024 financial year, exceeding its ambitious growth targets. This figure underlines the company's dynamic growth since focusing its business activities on its core business cybersecurity. The significant increase in subscribers was realized both through existing partnerships and through successful new market entries, particularly in Belgium and Spain. Due to the successful business development, cyan is well on track to achieve EBITDA and cash flow breakeven from the 2025 financial year.

"The strong growth and the clear focus on the promising cybersecurity business underline cyan's innovative strength and strategic orientation," says Thomas Kicker, CEO of cyan AG. "With our solutions, we are not only responding to the increasing demand for digital security, but also creating real added value for our customers and partners. In particular, the growth opportunities in our core business, the telco-industry and our new solution for SMEs open up new sales potential for us and strengthen our position as a technology pioneer through investments in research and development. Our goal remains to achieve a sustainable and profitable growth. I believe we are on the right track."

New growth strategy: four focus areas for sustainable growth
The dynamics of the global cybersecurity market, which is growing by around 20% annually, offer companies like cyan long-term potential for innovation and increased sales. cyan is using the successes of the past year to further sharpen its strategic focus and drive sustainable growth in new business areas. The latest growth strategy is based on four pillars, which are intended both to build on the company's existing strengths and to develop innovative solutions for new markets.

The expansion of the customer base in the telecommunications sector remains a key growth area. Based on the AI-based core technology for the early detection and anticipation of cyberattacks, cyan offers both network and device-based software solutions that are easy to integrate and, above all, very easy for customers to use. In this area, cyan intends to invest primarily in sales activities in order to acquire customers in existing and new markets. Another growth area is the development of additional customer segments such as insurance companies, banks and e-commerce companies. Here, cyan is focusing on integrating its own SDK technology into existing apps to provide specific security solutions that protect against phishing and malware attacks in particular.

With a new product especially for SMEs, cyan has developed a comprehensive security offering that is designed both as network protection and as an app for end devices to protect against phishing. The new product is an essential addition to classic antivirus programs and forms the first "line of defense" against cyberattacks, especially phishing attacks. In most cases, a classic phishing message is the gateway for criminals into the corporate network. Another exciting future business area is the monetization of data and cybersecurity insights. By analyzing and exploiting security data, cyan creates added value for partners and at the same time develops new revenue potential. This innovative use of data not only strengthens cyan AG's position as a technology pioneer, but also opens up long-term growth opportunities.

About cyan
cyan AG (XETR: CYR) is a provider of intelligent cybersecurity solutions with more than 15 years of experience in the IT industry. The company offers IT security products for end customers of mobile and fixed network internet providers and financial service providers. cyan's solutions are integrated as white label products into the apps and system landscape of international business partners, who then offer those to private and business customers under their own brand.

In addition, cyan operates its own research and development center with the aim of identifying trends in the industry at an early stage and developing optimal product solutions. cyan's customers include among others the Orange Group, the telecom group Deutsche Telekom (Magenta/T-Mobile), Claro Chile (América Móvil Group) and dtac (Telenor Group).

More information at: www.cyansecurity.com.

cyan AG Investor Relations:
cyan AG
Tel. +49 89 71042 2073
E-Mail: ir@cyansecurity.com

cyan AG Press contact:
Kirchhoff Consult GmbH
Tel. +49 40 60 91 86 65
E-Mail: cyan@kirchhoff.de