Cyan is set to transform itself from a smallish, privately held Austrian tech company dependent on a single product group and a single customer, into a globally focused vendor of a range of cyber security systems for mobile data. The IPO proceeds fund the full acquisition of the operating subsidiary. New products address the operating cost issue for virtual mobile network operators and the ever-growing need to protect mobile financial services users from a range of threats. The established business should remain profitable but can only be a minor component of Cyan’s value in its new guise.

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