Wednesday, March 26, 2014

Cyan Replaces CFO

Cyan announced the appointment of Jeff Ross as its new chief financial officer (CFO), effective immediately, following the resignation of Mike Zellner for personal reasons.

Ross most recently served as chief financial officer of Velti, a provider of mobile marketing and advertising technology and solutions. Previously Ross served as senior vice president and chief financial officer of Sybase from 2007 to 2012, which was acquired by SAP in July 2010 when global revenue was above $1.1 billion. Prior to this, he was the chief accounting officer and corporate controller at Sybase.

Cyan also announced that it currently expects its first quarter 2014 revenue to be at or above the high end of its previously stated guidance. First quarter 2014 revenue guidance was provided on February 11, 2014, and included expectations that revenue would be between the range of $16 million and $18 million.