Telecom equipment upstart Cyan files for a $75M IPO under the symbol CYNI. Cyan sells both a...

|By:, SA News Editor

Telecom equipment upstart Cyan files for a $75M IPO under the symbol CYNI. Cyan sells both a line of integrated Ethernet switching/optical transmission systems for carrier edge networks (the Z-Series), and a software-defined networking platform for managing carrier networks (Blue Planet). The company had revenue of $95.8M (+137% Y/Y) in 2012, and a net loss of $16.6M. Hardware rivals include Ciena, Fujitsu, Juniper, and Huawei; Cisco and Alcatel-Lucent are arguably competitors on both the hardware and software fronts. (S-1)