Monday, November 26, 2012

Cyan Plans IPO, Says Report

A recently published report says that Petaluma-based Cyan is planning an IPO next year, and has hired Goldman Sachs and JPMorgan as bankers on the deal. The report, from Dow Jones, said the IPO is planned for 2013. Cyan is backed by Azure Capital Partners, Norwest Venture Partners, and others, and develops optical networking equipment.