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Cyan Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange
Petaluma, Cailf.-based Cyan, a global supplier of software defined networking (SDN) solutions, opened for trading today on the New York Stock Exchange under the ticker symbol “CYNI” after its initial public offering. Barclays is the Designated Market Maker (DMM) for the company’s stock.
Chairman and Chief Executive Officer Mark Floyd, joined by members of the company’s management team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and by ringing the exchanges opening bell.
“We’re delighted to welcome Cyan to the NYSE,” said Scott R. Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “We congratulate Cyan on the successful completion of its IPO and look forward to a lasting partnership with the company and its shareholders.”
“Listing on the NYSE marks a major milestone for the company and I want to thank the entire Cyan team, without whose tireless efforts this could never have happened,” said Mark Floyd, chief executive officer, Cyan, Inc.
“As a natural next step, we expect this event to enable Cyan to continue to catalyze the transformation and virtualization of networks globally. Our cutting edge Z-Series platforms combined with our unique, open and proven Blue Planet software, positions Cyan to benefit from the change in the way networks are designed and managed.”
In a statement the company said that “Cyan enables network transformation. The company’s software-defined network (SDN) solutions deliver orchestration, visualization, and scale to networks, that until now, have been static and hardware driven”.
Serving carriers, enterprises, governments, and data centers globally, Cyan’s open platforms provide multi-vendor control and visibility to network operators, making service delivery more efficient and profitable. Cyan solutions include Blue Planet SDN software and Z-Series packet-optical transport platforms”.
