Cyanconnode Regulatory News (CYAN)

Cyan Holdings plc("CyanConnode" or the "Company")

CyanConnode signs Strategic Partnership with Eppix eSolutions for SAP integration

CyanConnode, the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that it has signed a multi-year strategic partnership with Eppix eSolutions to enable the integration of SAP Hybris software with CyanConnode's Enterprise platform.

Eppix eSolutions will integrate CyanConnode's enterprise-level, Head End Software (HES) with a Meter Data Management System (MDMS) to create the first SAP-based MDMS for the global utility market. This SAP-based MDMS will provide middleware between CyanConnode's HES and a utility's Enterprise Resource Planning (ERP) software. The MDMS based on the SAP Hybris range of digital commerce solutions such as billing, eCommerce and marketing platforms, will enable utilities to deliver customised products and superior customer service. According to a recent report from Navigant Research, global revenue for MDMS and analytics is expected to total $10.3 billion from 2015 to 20241.

John Cronin, Executive Chairman of CyanConnode, commented: "We are delighted to be working with Eppix eSolutions to further expand our reach as well as validate our HES as Enterprise level software. This strategic partnership with Eppix eSolutions provides a clear indication of the Company's planned evolution to a managed services business model that delivers a recurring revenue stream from software licenses and support services. Furthermore, this collaboration will broaden our partner eco-system, adding a new level of decision makers and influencers within the global ERP market for utilities."

Simon Brown, Group Chief Executive Officer of Eppix eSolutions, commented: "CyanConnode's communication platform is an enabler for Advanced Metering Infrastructure systems globally, proven by customer deployments around the world. Its enterprise software provides a transparent and versatile communication interface between meters and ERP systems."

Eppix eSolutions is the technical services brand of Usha Martin Technologies, part of the Usha Martin Group, a USD 1 Billion business conglomerate. As a Strategic Industry Solution Partner of SAP HYBRIS, Eppix Solutions is one of a few select partners with significant experience in the development and implementation of SAP-based digital commerce solutions. SAP Hybris, ranked as a vendor in the 'Leader' Quadrant for the 2016 Gartner Magic Quadrant report for Digital Commerce, provides enterprise multichannel e-commerce and product content management software2. SAP SE is a German multinational software corporation that makes enterprise software to manage business operations and customer relations.

1 https://www.navigantresearch.com/newsroom/revenue-for-meter-data-management-systems-and-analytics-is-expected-to-total-10-3-billion-from-2015-to-2024

2 https://www.hybris.com/en/downloads/analyst-report/gartner-magic-quadrant-digital-commerce-2016/728

Enquiries:

About CyanConnode

CyanConnode is a world leader in narrowband RF mesh networks that enable Omni IoT communications. Cyan's Ultimesh provides narrowband RF mesh network, optimised for exceptional performance and total cost of ownership and Connode's Panmesh delivers standards-based IPv6 solutions, enabling rapid innovation for the implementation of 3rd party applications. The Group provides customers with the flexibility and choice required to converge networks for applications in smart cities and IoT, delivering increased customer value. 

For more information, please visit www.cyanconnode.com.

About Eppix eSolutions Ltd

Eppix eSolutions Ltd is part of the Usha Martin Technologies brand. Eppix specialises as an IT Services Provider and offer solutions in Telecom, eBusiness Solutions, Analytics, and Skill Partnership. It has been in operations for 20 years across 11 countries with over 70+ global engagements and has delivery centres in all the 4 key regions - Asia, North America, Africa and Europe.

For more information, please visit http://www.ushamartintech.com/