SOURCE: Cyan

Cyan

April 26, 2011 08:00 ET

Cyan Expands Executive Team, Adds Scott Bauer as Chief Financial Officer

Former CFO of Yipes to Lead Cyan's Financial Management

PETALUMA, CA--(Marketwire - Apr 26, 2011) - Cyan today announced the addition of Scott Bauer to the company's expanding executive team as he assumes the duties of Chief Financial Officer. Bringing nearly 20 years of financial executive experience with both public and private companies to Cyan, Scott will manage the company's legal and IT operations, along with the financial team.

"Bringing his extensive expertise in telecommunications and working with large, successful companies, Scott will be a great addition to the executive team at Cyan," said Michael Hatfield, President and CEO of Cyan. "Having led the financial operations of a major global service provider for years, Scott not only understands our business, but the business of our customers, which is an invaluable asset to bring to the table."

About Scott Bauer
Scott's diverse background includes experience in financial operations, mergers and acquisitions, business development, international operations and securities offerings. Prior to joining Cyan, Scott was instrumental in the noted financial progress of two technology companies, Yipes Enterprise Services and Ask Jeeves Inc.

Most recently, Scott was Chief Financial Officer for Yipes, a leading provider of managed Ethernet services to the enterprise. Scott was essential to the company's revenue growth as well as expansion of margins, culminating in its acquisition by Reliance Communications, Inc. (July, 2007)

Scott served as vice president of finance and corporate controller of Ask Jeeves Inc. and served as its Principal Accounting Officer before his time with Yipes. Scott also served as a board member for several of Ask Jeeves' foreign subsidiaries and was part of the team that oversaw the company's return to profitability and transition to a high-margin company. In addition, Scott has held various leadership roles at Barclays Global Investors, an asset management firm, and Arthur Andersen LLP, a professional services firm.

About Cyan
Cyan is an industry-leading, global provider of packet-optical transport systems throughout North America, Europe, and South America. Cyan's packet-optical transport solutions with advanced multi-layer network planning, management, and verification systems and services, enable service providers to scale, extend and simplify conventional and packet-based networks for more profitable service offerings. Headquartered in Petaluma, California, the Cyan team is comprised of industry veterans with a track record of successful innovation in communications networks around the world. For additional information, please visit www.cyaninc.com or follow Cyan on Twitter at http://twitter.com/CyanNews.

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