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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Cyviz : continues to gain market share in the Middle East with contracts worth NOK 15 million (USD 1.8 million)

06/16/2021 | 02:31am EDT

Cyviz has for a long time been a preferred partner of Middle East organizations and continues to gain market share in the region. The recently awarded contracts are valued at NOK 15 million (USD 1.8 million) and are representative of the breadth and versatility of Cyviz’ solutions and its different applications, ranging from mission-critical operations centers to executive boardrooms.

The Cyviz Easy Platform is designed to support a multitude of applications and use cases and be the foundation for the management and monitoring of different collaboration spaces. The Middle East customers consist of both existing customers, who have already standardized on Cyviz technology, and new customers looking for future-proof solutions to standardize on. 

 “The Middle East has been a significant market for Cyviz for over 10 years, and the team has built an extraordinarily strong position with numerous important customers both from the public and private sector. Cyviz is recognized as a leading provider of visual collaboration solutions and a trusted partner in the region thanks to the quality and reliability of our products and services”, comments CEO Espen Gylvik. 

The Cyviz Easy Platform ensures effective deployment, management and reliable user experiences. The design enables a unique ability to configure systems depending on the application or use case. In effect, it means that the Cyviz Easy Software Platform can support a mission-critical control room or a collaboration room, using the same core solution. The Software Platform connects the different rooms and offers remote support and monitoring to ensure the rooms’ availability at any given time. 

Learn more about the standardized, configurable and upgradeable Cyviz Easy Platform 

 

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.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 -25,6x
Yield 2021 -
Capitalization 644 M 77,0 M 77,1 M
EV / Sales 2021 1,91x
EV / Sales 2022 1,64x
Nbr of Employees -
Free-Float 66,1%
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Number of Analysts 1
Last Close Price 50,00 NOK
Average target price 65,00 NOK
Spread / Average Target 30,0%
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Managers and Directors
Espen Kristian Gylvik Chief Executive Officer
Erik Fausa Olsen Chief Financial Officer
Rune Syversen Chairman
Trish Espedal Senior Vice President-Operations
Thomas S Wrede-Holm Director
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