News Column

Cyan Shares Jump On Sub-Saharan Reseller Deal With Dinsmore

August 14, 2014

Sam Unsted

LONDON (Alliance News) - Cyan Holdings PLC shares were given a boost in early trade on Thursday after the firm said it signed a partnership agreement with Dinsmore & Associates for its smart metering, smart lighting and machine-to-machine solutions in sub-Saharan Africa.

Shares in Cyan were up 8.1% to 0.384 pence in opening trade, putting it amongst the top 10 risers in the AIM All-Share index.

Under the terms of the deal, consultancy Dinsmore will work to identify opportunities for the software company's products in the region, meeting with potential partners and resellers and assisting in the negotiation of commercial contracts.

Cyan said the deal has the potential to create a big market opportunity, citing estimates that grid modernisation spend will reach USD11 billion over the coming decade.

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Source: Alliance News

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