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Stock Market & Financial Investment News

News Breaks
May 28, 2014
05:42 EDTRHT, CYNICyan collaborates with Red Hat to build deterministic NFV architecture
Cyan (CYNI) announced that it is collaborating with Telefónica and Red Hat (RHT) to develop a network functions virtualization, or NFV, architecture to support the deterministic placement of virtualized network functions. Cyan is delivering the NFV orchestrator that will make use of enhancements being made to OpenStack developed by Red Hat in close collaboration with Telefónica.
News For CYNI;RHT From The Last 14 Days
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July 31, 2015
12:01 EDTCYNICyan stockholders approve acquisition by Ciena
Cyan (CYNI) and Ciena (CIEN) announced that at Cyan’s annual meeting of shareholders held on July 31, 2015, Cyan’s stockholders voted in favor of the proposal to adopt the previously announced acquisition of Cyan by Ciena. Cyan’s stockholders also approved the share issuance proposals related to Cyan issuing shares in connection with the conversion of its 8% Senior Convertible Notes due 2019 and the exercise of the related warrants. Subject to the satisfaction of certain additional customary closing conditions, the closing of the merger is anticipated to occur on or about August 3, 2015.

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