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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Cyviz : awarded prestigious contracts in the Middle East for control rooms and executive collaboration – NOK 24 million (USD 2.7 million)

08/09/2021 | 03:31am EDT

Cyviz’ success with large Government and Finance customers standardizing on Cyviz software and technology in the Middle East continues. The two recently awarded contracts show the breadth and versatility of Cyviz’ solutions, ranging from boardrooms and executive collaboration, to control rooms and operations centers. The contracts awarded are valued at NOK 24 million (USD 2.7 million).

The customers have decided to standardize on Cyviz software and technology for some of their most critical infrastructure and collaboration solutions, recognizing the benefits of a robust platform for management and support. One of the contracts includes prestigious rooms used by C-level executives, located in the same building and connecting their sites. The second contract is of a different character, with a main Control Room, a Security Center, and Security and Network Operations Centers. The sites and solutions are interconnected and part of their mission-critical infrastructure. The use cases are very different but sharing the requirements for secure interconnectivity and enhanced collaboration. 

The installations will be powered by the Cyviz Easy Software Platform, a standardized, configurable and upgradeable infrastructure that delivers an intuitive and consistent user experience across the entire estate. The Easy Software Platform provides a centralized foundation for the support and management of the rooms, consolidating new facilities with existing infrastructure.  

Espen Gylvik, CEO at Cyviz, is delighted to see more customers realizing the benefits of Cyviz’ centralized support and management. Gylvik emphasizes, “Cyviz has a strong position with customers across the Middle East and we continue to win new business in the region thanks to our multipurpose-driven technology and the outstanding services from the regional team”. 

Contacts

  • Erik Fausa Olsen, CFO & Investor Relations, Cyviz AS, +4790738944, erik.fausa.olsen@cyviz.com
  • 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.com

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2021 319 M 38,2 M 38,2 M
Net income 2021 -24,7 M -2,96 M -2,96 M
Net cash 2021 34,5 M 4,13 M 4,13 M
P/E ratio 2021 -25,7x
Yield 2021 -
Capitalization 646 M 77,4 M 77,3 M
EV / Sales 2021 1,92x
EV / Sales 2022 1,64x
Nbr of Employees -
Free-Float 66,1%
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Number of Analysts 1
Last Close Price 50,15 NOK
Average target price 65,00 NOK
Spread / Average Target 29,6%
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Managers and Directors
Espen Kristian Gylvik Chief Executive Officer
Rune Syversen Chairman
Trish Espedal Senior Vice President-Operations
Thomas S Wrede-Holm Director
Patrick Hegge Kartevoll Director
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