Frost & Sullivan 2016 Awards

Global Smart Meter Growth Excellence Leadership Award

In November 2016, CyanConnode won two Frost & Sullivan best practice titles, recognising its consistency in delivering innovative technology and customer value across the global smart metering and smart lighting industries.

With more than 500% growth in revenues for the first half of 2016 alone, CyanConnode has recorded the highest growth rate in the global smart meter market. Through the effective leverage of the company’s technical competence, along with its ability to forge strategic partnerships with leading industry participants and a customer-centric approach, CyanConnode has successfully deployed smart metering in highly competitive business environments. The company has built strong partner ecosystems within its target markets, which has helped maintain the company’s position at the top of the industry as well as attract new customers. In addition to its organic growth strategy in next-generation economies, Cyan acquired Connode in July 2016 to build its brand and presence within developed markets as well.

David Frigstad, Chairman of Frost and Sullivan, commented: “To achieve leadership in growth is never an easy task, but it is one made even more difficult due to today’s competitive intensity, customer volatility, and economic uncertainty—not to mention the difficulty of innovating in an environment of escalating challenges to intellectual property. Within this context, CyanConnode’s receipt of this award signifies an even greater accomplishment. We believe that such an achievement should be acknowledged and celebrated.”