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cyan inc (CYNI) Details

Cyan, Inc. provides various carrier-grade networking solutions that transform legacy networks into open high-performance networks in North America, Asia, and Europe. Its solutions enable network operators to virtualize their networks, accelerate service delivery, and enhance scalability and performance. The company offers Cyan Z-Series of multi-layer switching and transport platforms to support the technologies used in regional and metro networks, including Ethernet-based services and optical services. It also provides Cyan Blue Planet, a carrier-grade software-defined networking platform that offers network virtualization and service-enabling applications, including Planet Design that allows network operators to design networks; Planet Operate, an SDN-enabled network management application, which provides fault, configuration, accounting, provisioning, security, and other capabilities; Planet View, a performance monitoring and service level agreement assurance application that allows the network operator to provide end-customers with real-time and historical visibility into the performance of their services through a customized Web portal; and Planet Inventory, an application that offers inventory reporting for multi-layer, multi-vendor packet-optical networks. In addition, the company offers professional, maintenance, support, and training services. It serves various service providers, high-performance data centers, and private network operators. The company was formerly known as Cyan Optics, Inc. and changed its name to Cyan, Inc. in November 2011. Cyan, Inc. was founded in 2006 and is headquartered in Petaluma, California.

cyan inc (CYNI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $323.3K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $191.0K
Compensation as of Fiscal Year 2013.

cyan inc (CYNI) Key Developments

Cyan Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Year of 2015

Cyan, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. Revenue for the fourth quarter of 2014 was $30.5 million, up 14%, up 46% when compared with $20.9 million for the fourth quarter of 2013. GAAP net loss for the fourth quarter was $15.0 million, or $0.32 per share, compared to a net loss of $13.7 million, or $0.29 per share, in the same period last year. On a non-GAAP basis, the company's net loss for the fourth quarter was $7.1 million, or $0.15 per share. This compares non-GAAP net loss of $11.5 million, or $0.25 per share, in the same period last year. Loss from operations was $9,550,000 against $13,517,000 a year ago. Loss before provision for income taxes was $14,941,000 against $13,607,000 a year ago. Revenue for fiscal year 2014 totaled $100.5 million, compared with $116.6 million in 2013. GAAP net loss for 2014 was $59.2 million, or $1.26 per share, compared with a net loss of $40.7 million, or $1.32 per share in 2013. Non-GAAP net loss for 2014 was $43.3 million, or $0.92 per share, compared with a non-GAAP net loss of $30.9 million, or $1.00 per share in 2013. Loss from operations was $53,716,000 against $37,587,000 a year ago. Loss before provision for income taxes was $58,944,000 against $40,589,000 a year ago. Net cash used in operating activities was $41,950,000 against $30,557,000 a year ago. Purchases of property and equipment were $4,496,000 against $6,111,000 a year ago. The company currently expect first quarter of 2015 revenue to be in the range of $32 million to $34 million and non-GAAP net loss will be between $6 million and $8 million, which translates to a net loss per share of between $0.13 and $0.17. The company is currently expecting 2015 revenues will grow in the range of 35% to 45% over 2014.

Cyan Announces N-Series Open Hyperscale Transport Platform for Cloud, Content, and Data Center Connectivity

Cyan introduced the N-Series Open Hyperscale Transport Platform (OHTP), a new family of high-density, high-capacity transport products designed for cloud, content, and data center interconnect (DCI) networks. Leveraging best-in-breed commercial off-the-shelf (COTS) silicon and photonic components combined with an open, carrier-grade Linux network operating system, the N-Series family of products are being designed to enable the cloud, content, and data center operators to scale their interconnect networks to meet rapidly growing traffic demands more simply and cost-effectively. The first member of the N-Series family is the N11, an ultra-compact and power-efficient optical platform that is designed to deliver 800 Gbps of total line and client capacity in one rack unit (1RU), or up to 34 Tbps in a seven-foot rack. Designed as a modular shelf, the N11 will offer 100G client port densities, the lowest power consumption per 100G, and selectable 200G coherent line interfaces. In addition, when paired with Cyan’s Z-Series 96-channel ROADM, the N-Series will be able to drive up to 19.2 Tbps on a single fiber. The N11 is focused on transponding and 100G client interfaces to meet cloud and content provider requirements for data center interconnect. The N-Series’ modularity will allow for upgradeability to higher density and capacity, as well as additional transport functionality in the future. Unlike traditional optical transport solutions that are vertically integrated, the modular and COTS-based N-Series architecture will enable the platform to fully leverage advances in best-in-breed optical networking technologies and standards as they emerge to further increase performance and reduce costs. Beyond the scalable and versatile hardware design, the N-Series will implement an open, SDN-optimized software architecture that includes a carrier-grade Linux network operating system (NOS) called Cyan Linux, providing a platform that can leverage Linux applications and facilitate rapid integration of third party applications. This approach will simplify operations for cloud and content providers by providing a consistent experience for configuring and managing both compute and network resources. The N-Series features will be further enhanced by Cyan’s Blue Planet SDN Platform, which simplifies network programmability, multi-vendor management, end-to-end service orchestration, and ongoing network operations. Cyan’s open architecture enables new levels of visibility, automation, and control in the operation of the network, while allowing customers to avoid costly and complex hardware dependencies. Open REST APIs on the N11 will also give customers the flexibility to use any SDN controller or internally developed tools and applications they want. The Cyan N-Series N11 platform will provide unmatched performance, the lowest cost per Gbps in the industry, and efficiency and operational simplicity for cloud and content providers that require massive bandwidth across the metro cloud and between data centers. Benefits of the N-Series N11 will include: Open software architecture: Cyan Linux network operating system and open interfaces to simplify management and eliminate vendor lock-in. This open approach is designed to allow for new application development, rapid innovation, and the ability for “DevOps” teams to roll out custom features using familiar, standard Linux tools. Compact, high-capacity transport at the lowest cost per Gbps: “Rack & stack” design efficiently packs 800 Gbps of total bandwidth capacity (line and client) in 1RU to optimize space and power efficiency and deliver the lowest cost per Gbps. Modularity and density: Interchangeable modules provide transponding for current high-density 100G networks, with future support for higher density and capacity, as well as additional transport functions. The N11 is expected to be available for customer trials in second quarter and available for sale in early third quarter of 2015.

Cyan Partners with Kordia New Zealand to Market and Support Cyan’s SDN and Packet-Optical Technology in the South Pacific

Cyan announced it has partnered with Kordia New Zealand to market and support Cyan technology solutions throughout New Zealand, Australia, South Pacific Islands, and Papua New Guinea. The total number of Cyan partners now stands at 30. The partnership allows Kordia to provide customers with full access to Cyan's Blue Planet SDN software and Z-Series packet-optical hardware solutions that provide multivendor SDN control, visibility, and scale to network operators making global service delivery much more efficient and profitable. In addition, Kordia will provide Tier 1 service and support to help South Pacific customers deploy and enable Cyan's platforms.


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