Cyviz has entered into a contract with a major Middle East government financial institution to supply complete Cyviz solutions for advanced digital collaboration in meeting rooms, innovation centers, and board rooms for the institution’s new headquarter. With a contract value of NOK 145 million (USD 14.5 million), the contract is the largest in Cyviz’ history. In 2021, a record year for the company, this contract would have accounted for 35% of the total order intake.

“This contract is the result of hard work over years in the region and a game-changer for Cyviz. This is by far the largest contract in the company's history and a confirmation of the strong foothold of Cyviz’ software-driven integrated offerings in a very dynamic region that we expect will develop significantly in the years to come. We are confident that this contract will serve as a strong reference and a door-opener for Cyviz going forward,” says CEO of Cyviz Espen Gylvik.

The installation will be completed by the summer of 2023.

Cyviz’ proven technology for high-performance visualization, ease of use, remote support, and management capabilities, all built on the Cyviz Easy Software Platform, was a key advantage for Cyviz in the competition for the contract. Cyviz technology, which will be installed in multiple rooms across various floors in the new headquarters building of the institution, will be designed according to the customer’s top-tier design standards.

“Hybrid working is the new standard after covid, but to make it work it is essential to use technology that supports true digital collaboration by fostering involvement by all participants regardless of their physical location. This is a strong trend, driving an increase in demand for Cyviz’ unique solutions among corporations and government agencies globally,” says Espen Gylvik.

About the Cyviz Easy Software Platform:

  • Designed for effective deployment, management, and reliable user experiences.
  • Offers remote support and proactive monitoring to always ensure the rooms’ availability at any time.
  • An intuitive user interface enables shifting between presentations, collaborative workshops, or customer demonstrations to deliver a dynamic and innovative environment for participant.

 

Contacts

  • Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com
  • Marius Skagen, CFO & Investor Relations, Cyviz AS, +47 986 44 846, marius.skagen@cyviz.com

About Cyviz

AboutCyviz 

Cyviz is a global technology provider for comprehensive conference and control rooms as well as command and experience centers. Since 1998, Cyviz has simplified the way the digital workforce connects, visualize, and collaborate across technologies and critical data. The IT-driven solutions are easy to deploy, manage and support. Today, Cyviz serves global enterprises and governments with the highest requirements for usability, security, and quality. The cross-platform experience Cyviz delivers to manage and control systems and resources across the enterprise makes Cyviz the preferred choice for customers with complex needs.  

Find out more on www.cyviz.com or visit one of our Cyviz Experience Centers in Atlanta, Dubai, Jakarta, Houston, London, Oslo, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

© NTB Norway, source NTB English Regulatory Releases