The Wall Street Journal Names Cyan as “Next Big Thing”
Cyan is ranked sixth among the top 50 venture-backed companies according to research firm VentureSource
Petaluma, CA, – March 14, 2011 – Cyan today announced that it has been ranked sixth by the Wall Street Journal as one of the top 50 venture-backed companies. The publication’s second annual Next Big Thing list, which is compiled by research firm VentureSource, a unit of Journal owner News Corp, recognizes companies in five industries based on capital, executive experience, investor knowledge and their ability to succeed via their innovations. Cyan was listed among the top 3 companies in the information technology sector.
“Our placement on the Wall Street Journal’s Next Big Thing list is an exciting confirmation of our significant contributions to network transformation,” said Michael Hatfield, president and CEO of Cyan. “Our solutions have been fundamental for wireless-backhaul expansion, cloud-computing connectivity, as well as TDM to packet transitions for our customers.”
Cyan delivers cutting-edge packet optical transport platforms and software systems that scale metro and regional transport networks for service providers around the world. Cyan also provides innovative network operations center (NOC) services, which simplify and accelerate the introduction of new solutions and services into networks. “Time to market execution is more critical than ever,” adds Hatfield. “Our solutions easily snap into existing networks, providing services differentiation and operational simplicity that our customers use to gain market advantage.”
Cyan’s Solutions Align with Major Market Trends
Cyan is providing the right kind of solution at the right time. Wireless and wireline broadband access, increasingly video rich internet content, and an insatiable business and consumer appetite for continuously connected communications are projected to sustain the historic doubling of metro and regional packet traffic every 12 to 24 months. When packet was a minority of the overall traffic, this doubling effect drove incremental scale in terms of total network growth. However, packet services now represent the majority of traffic on networks globally. As this packet-based majority of traffic continues to double, the resulting increases in aggregate traffic are reaching an exponential scale. Major upgrades of transport networks are required to cost-effectively support current and projected service capacity requirements, as well as increasing performance expectations. In addition, legacy network planning and management tools of the past are challenged and decreasingly relevant when considering the rapidly changing scale and complexity of networks. This combination of events is creating a market inflection point, which opens the door to innovative solutions that go beyond the constraints of historic solutions, and exploit the power of revolutionary new hardware, software, and services.
Cyan’s Z-SeriesTM of packet-optical transport platforms were developed using the latest hardware and software innovations to support exponentially scaling packet services, existing SONET/SDH services, evolving OTN services, and wavelength services. Cyan’s CyMS™ multi-layer management system and new multi-layer planning and verification software systems operate across those historically diverse technology layers to provide dramatic improvements in network efficiency and performance. The ability to plan, manage and verify network and SLA performance through powerful and intuitive user interfaces render complex networks simple and easy to operate. In addition, Cyan’s recently announced CyNOC services instantly add subject matter experts and redundant network operations center (NOC) services to the bench strength of existing operators without all of the associated expense and overhead of dedicated resources. These network experts exploit the broader potential of Cyan’s powerful software systems to accelerate the introduction of new systems and services with minimal cost and effort. Cyan’s collective hardware, software, and services represent timely solutions for service providers seeking innovative new approaches to increasing challenges and opportunities.
About The Wall Street Journal’s “The Next Big Thing”
The Wall Street Journal’s Next Big Thing winners are companies that have the greatest chance at success through their innovations. Companies also had to have raised an equity round of financing in the past three years, and be valued at less than $1 billion to be eligible for the ranking.
Rankings were developed using proprietary data from Dow Jones VentureSource, more than 67,000 venture-backed companies, as well as more than 20,000 private-investment firms world-wide. The list is drawn from the approximately 10,600 U.S.-based, privately held venture-backed companies in the VentureSource database as of Nov. 30, 2010. Rankings are calculated based on company scores in the following categories: track record of success for the venture-capital investors who sit on the company’s board, amount of capital raised in the last three years, editorial ranking from Dow Jones VentureWire editors and reporters, track record of success for the entrepreneurial CEO and founders and recent growth in the value of the company.
Cyan is an industry-leading, global provider of packet-optical transport systems throughout North America, three European countries, and most recently Brazil. When combined with its advanced multi-layer network planning, management, and verification systems and services, Cyan’s packet-optical transport solutions enable service providers to scale, extend and simplify conventional and packet-based networks for more profitable service offerings. Headquartered in Petaluma, California, the Cyan team is comprised of industry veterans with a track record of successful innovation in communications networks around the world. For additional information, please visit www.cyaninc.com or follow Cyan on Twitter at http://twitter.com/CyanNews.