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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Real-time Oslo Bors  -  10:25 2022-08-08 am EDT
35.60 NOK   -3.52%
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Cyviz AS – Awarded contract for global Fortune 500 company - NOK 22,3 million (USD 2.5 million)

02/15/2022 | 02:31am EDT

A leading multinational global Fortune 500 technology services company that specializes in information technology, services and consulting has chosen to standardize their latest innovation center in UK on solutions from Cyviz. 

Their choice of solutions from Cyviz is based on the need to create state of the art Event Spaces and Meeting Rooms for both customer facing and internal use. Crucial factors for their choice are to be able to offer a consistent, easy to use experience, and to improve customer experience, improve collaboration and visualization.

Digital transformation

Standardizing on Cyviz technology is a part of their digital transformation strategy. They will build event spaces and meeting environments, for customers and staff to enhance visualization, provide demonstrations, enable collaboration, and showcase company capabilities.

The solutions will be designed in line with company standards, based on Cyviz technology for high performance visualization, standardization, ease of use, remote support, and management capabilities, all centrally managed by the Cyviz Easy Server software. The implementation will be done during the last half of 2022.

Strategic collaboration

“This new order is a result of the strategic collaboration Cyviz has with this multinational global technology services leader, and the customer has placed orders for more than USD 38 million so far. There is more to come in the future, and we look forward to continuing the collaboration with this Fortune 500 customer”, says Espen Gylvik, CEO of Cyviz.

 

The Cyviz Easy Software Platform is designed for effective deployment, management, and reliable user experiences. It also offers remote support and monitoring to ensure the rooms' availability at any given time. This technology is essential for both deployment and the functionality of the solution when in operation. An intuitive user interface enables shifting between presentations, collaborative workshops, or customer demonstrations to deliver a dynamic and innovative environment for visitors.

Contacts

  • Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

About Cyviz

Cyviz is a global technology provider for standardized conference rooms, control rooms and experience centers. Since 1998, Cyviz has empowered the digital workforce to connect, visualize, and collaborate on their critical data. The IT-driven turnkey solutions are easy to deploy, manage and support.  Cyviz serves global enterprises and governments with the highest requirements for usability, security and quality, that engage people, encourage collaboration, and accelerate decision-making. Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

cyviz.com

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2022 420 M 43,3 M 43,3 M
Net income 2022 -23,8 M -2,46 M -2,46 M
Net Debt 2022 2,94 M 0,30 M 0,30 M
P/E ratio 2022 -20,3x
Yield 2022 -
Capitalization 464 M 47,8 M 47,8 M
EV / Sales 2022 1,11x
EV / Sales 2023 1,01x
Nbr of Employees 147
Free-Float 74,3%
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Number of Analysts 1
Last Close Price 36,90 NOK
Average target price 50,00 NOK
Spread / Average Target 35,5%
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Managers and Directors
Espen Kristian Gylvik Chief Executive Officer
Marius Skagen Chief Financial Officer
Rune Syversen Chairman
Eirik Simonsen Chief Technology Officer
Daniel Golparian Chief Operating Officer
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