CyanConnode
CyanConnode designs narrowband RF mesh networking and IoT platform software that enable smart electricity, gas and water metering for utilities. It sells modules, gateways, Head End Software and AMISP managed services, primarily to state-owned electricity distribution companies in India and selected European markets.
- Company typePublic
- Founded2002
- HeadquartersCambridge, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What CyanConnode does
CyanConnode Holdings plc is a Cambridge, UK-headquartered (with Gurugram, India regional HQ and a Stockholm engineering centre) provider of narrowband RF mesh networking technology for IoT communications, principally targeting electricity utilities deploying Advanced Metering Infrastructure. Its core technology stack combines proprietary sub-GHz RF mesh with standards-based IPv6 6LoWPAN, delivered through the Omnimesh smart metering solution, the Omni IoT Platform (a protocol-, network-, and device-agnostic network management system), Omnimesh Cellular products supporting 2G/3G/4G/5G/NB-IoT/Cat-M1, and the CyLec retrofit module for legacy meters. The company sells hardware (communication modules, data concentrators, gateways) plus Head End Software and managed services on a per-meter-per-year recurring basis.
CyanConnode's business model combines direct AMISP-led delivery to Indian state electricity utilities — through its DigiSmart Networks subsidiary which acts as lead consortium member on tenders — with a partner-channel model for international markets using tier-1 meter manufacturers (Genus Power, Larsen & Toubro), system integrators (Enzen, Tech Mahindra), ERP integrators (Eppix eSolutions for SAP Hybris), and silicon partners (Silicon Labs). India is the dominant revenue market, where CyanConnode holds approximately 25% market share of installed smart meter communications and has deployed over 2 million RF endpoints with 99%+ SLAs. The company's first end-to-end AMISP contract — the £70 million, ~750,000-meter Goa deployment (27-month implementation plus 93-month support) — together with the prior ~£110M order book, underpins a step-change in revenue scale. CyanConnode is listed on London's AIM market (LSE: CYAN) and is the subject of a £37.5 million recommended takeover proposal from Esyasoft Holding Ltd, a subsidiary of Abu Dhabi-listed International Holding Company.
CyanConnode firmographics
Firmographics- Name
- CyanConnode
- Legal name
- CyanConnode Holdings plc
- Website
- https://cyanconnode.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CyanConnode designs narrowband RF mesh networking and IoT platform software that enable smart electricity, gas and water metering for utilities. It sells modules, gateways, Head End Software and AMISP managed services, primarily to state-owned electricity distribution companies in India and selected European markets.
- Ownership category
- akta.pro rank
CyanConnode industry classification
Industry- Product category
- Smart Metering Communications & IoT Networking
- NAICS
- All Other Telecommunications (517810)
- SIC
- Computer Communications Equipment (3576)
- akta.pro primary industry
- AMI Communications (RF Mesh, PLC, Cellular/NB-IoT, Private LTE) (EUADAFAD)
- akta.pro secondary industries
- Cellular IoT/M2M Gateways & Routers (LTE/5G) (HDAFAIAF), AMI/Smart Meter Communications Networks (RF Mesh, PLC Backhaul, Cellular) (EUADAIAC)
Keywords
Where CyanConnode is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
CyanConnode business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Smart Metering Hardware and Software (AMISP Model): CyanConnode acts as AMISP delivering end-to-end smart metering solutions including meters, communication modules, data concentrator units, head end software, and related services. Revenue from hardware (modules, data concentrators) and software/platform fees. Goa project: 27-month implementation followed by 93 months of support. 2025-26 revenue expected to exceed £20 million.
- Software Licenses and Support (Recurring): Head End Software (HES) and Panmesh software licenses provided on per meter per year basis with annual maintenance contracts, delivering recurring revenue streams over multi-year contract terms (2-10 years).
- Managed Services: Software provided as managed service hosted by CyanConnode, charged on a per meter per year basis. Metering as a Service (MaaS) model through partners like Enzen, offering utilities outsourced smart metering solution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Managed service per meter per year |
| Unit Pricing | Multi-year contract | AMISP full solution contract |
| Unit Pricing | Multi-year contract | End-to-end smart metering solution |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
CyanConnode product offering
Product offeringCore offering
CyanConnode designs and develops narrowband RF mesh networking technology and IoT communication platforms that enable smart metering, smart lighting, and smart city applications. Its offerings include Omnimesh IPv6 6LoWPAN mesh solutions, Omni IoT Platform for multi-network device management, CyLec/CyLec Connect retrofit metering modules, cellular communication modules, and Head End Software (HES), delivered via direct AMISP service contracts, channel partnerships with meter manufacturers, and per-meter managed services.
Product overview
CyanConnode is a provider of IoT communication solutions based on a platform-plus-modules architecture. The core offerings center on Narrowband RF mesh networking technology and the Omni IoT Platform, which manages multiple systems through one network management system. The main product lines include Omnimesh (standards-based IPv6 smart metering solution), Omnimesh Cellular (NB-IoT/Cat-M1 cellular products), CyLec/CyLec Connect (retrofit metering modules), Panmesh (standards-based mesh), and Ultimesh (smart lighting control). The Head End Software (HES) provides the server-side infrastructure that integrates with utility ERP systems including SAP Hybris. All products are designed for utility metering, street lighting, and IoT applications in smart cities.
Differentiator
Problem solved
Functional benefit
Brands
- Omnimesh: Scalable IPv6 6LoWPAN narrowband RF mesh smart metering solution enabling utilities to gather complete, accurate and timely customer metering data.
- Omni IoT Platform
- CyLec
Products and services
- Omnimesh Standards-based IPv6 6LoWPAN narrowband RF mesh smart metering solution providing scalable, robust, and cost-effective AMI communications for utilities, supporting single and multi-application networks for accurate and timely customer metering data.
- Omni IoT Platform Communication protocol, network and device agnostic IoT management platform providing network management, security and protocol conversion functions, integrating both legacy and new applications on the same network management system for utilities and smart city operators.
- Omnimesh Cellular Products Cellular communication modules including Dual SIM Cellular Network Interface Card (CNIC) and Integrated Gateway (IGW) supporting 2G, 3G, 4G, 5G, NB-IoT and Cat-M1 IoT Cellular technologies, complementing RF Mesh connectivity for AMI deployments.
- CyLec Wireless mesh networking platform for utility metering enabling measurement and control of energy consumption, supporting reduction of energy losses and revenue assurance, including modules, data concentrator units, and head end software.
- CyLec Connect Retrofit smart metering module that enables smart metering functionality for legacy meters without requiring replacement, accelerating smart grid rollouts by adding communication capabilities to existing meter stock.
- Head End Software (HES) Server software providing communication interface between meters and utility enterprise systems, offered as managed service charged per meter per year with annual maintenance contract, supporting integration with SAP Hybris and other MDMS platforms.
- Panmesh Standards-based IPv6 6LoWPAN narrowband RF mesh solution designed for single and multi-application networks, providing versatile solution with low cost of ownership for smart grid and IoT implementations.
- Ultimesh Smart lighting control module based on narrowband RF mesh network enabling lighting suppliers to provide Web-based applications, reducing installation and operation costs while providing significant control and management of public lighting energy.
- Narrowband RF Mesh Core narrowband RF mesh networking technology providing resilient mesh networks for IoT communications using sub-GHz frequencies to maximize range of low power network with excellent penetration through obstructions for smart metering deployments.
- AMISP Smart Metering Services (Goa Project) End-to-end AMISP service for utilities delivering smart metering projects as lead consortium member including meters, communication modules, data concentrator units, head end software, implementation services, and ongoing multi-year support.
Quantifiable outcome
- Over 99% Service Level Agreement achieved on RF communication network in India
- +5 more outcomes
Companies that use CyanConnode
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
CyanConnode technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
CyanConnode partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Silicon LabscoreSilicon Labs, a US-based semiconductor company, partners with CyanConnode for smart infrastructure and IoT applications. CyanConnode and Silicon Labs have shipped over 500,000 Wi-SUN communication modules for smart grid projects in India. Silicon Labs acquired Redpine Signals establishing a Hyderabad R&D centre with over 600 employees.
- Ratna GarapaticoreRatna Garapati appointed as MD & CEO of CyanConnode India subsidiary. Leadership role overseeing Indian operations and AMISP business.
- Genus Power InfrastructurescoreGenus Power, tier 1 meter manufacturer with largest installed base in India, partnered with CyanConnode for IPv6-based smart metering deployments. $1.1M order for UGVCL Gujarat (~23,000 units). Multiple follow-on orders including 10 lakh RF modules for Bihar AMI project.
- Tech MahindracoreMoU signed for collaboration to market, sell and deliver narrowband mesh technology for smart grid, smart city and IoT markets. Tech Mahindra integrates CyanConnode's enterprise-level HES with leading MDMS and Enterprise Business Applications to create end-to-end utility solutions.
- Larsen & Toubro (L&T)coreL&T, major Indian engineering and construction company, integrated CyanConnode's AMI solution in multiple deployments. Orders include Tata Power Mumbai (25,100+ meters), $3.2M Indore MPWZ order, and Jabalpur Madhya Pradesh (~9.83 lakh meters). Framework agreement enables rapid 'call off' orders.
- Anil DaulanicoreAnil Daulani appointed as Managing Director India, joining from Tech Mahindra where he was Global Head & VP Utilities. Anil brings experience from HCL Infosystems and led over $300M in contract wins. He manages India operations including sales, customer delivery, technical pre-sales and support.
- Enzen Global SolutionscoreStrategic partnership agreement for Ireland market to deliver narrowband mesh technology for Smart Energy, Smart Cities and IoT. Enzen provides Metering as a Service (MaaS) offering utilities outsourced smart metering solution. In India, CyanConnode acts as Enzen's end-to-end solution provider for CESC Mysore (£1M order) and PVVNL Uttar Pradesh (£0.5M order).
- Connode ABcoreCyan acquired Connode AB for £6.8M (cash and equity) in July 2016, creating world leader in narrowband mesh networks for IoT. Connode provides standards-based IPv6 6LoWPAN solution and holds £25M+ UK smart meter rollout software license contract. Connode Stockholm becomes CyanConnode's European R&D centre.
- Newcapec ElectronicsminorStrategic partnership agreement to explore smart metering opportunities in China for power, gas and water industries plus emerging smart city and IoT applications. Newcapec is a leading solutions provider in China with 35 branches and over 900 employees.
- Intel CorporationcoreConnode and Intel engaged with Reliance Energy in Mumbai Smart City Network pilot. Intel IoT Gateways combined with Connode's IPv6 wireless mesh solution (Connode 4) connect smart meters, streetlights and distribution automation equipment. First deployment of smart meters fully compliant with Indian government M2M communication standards.
- Adenco ConstructionminorAdenco selected as preferred supplier of smart metering, lighting and IoT solutions in South Africa. Adenco is an electrical construction company registered with Eskom Western Cape, CIBD and Provincial Administration for supply, installation and commissioning.
- XLink CommunicationsminorNon-exclusive distribution agreement for smart metering, lighting and IoT applications in South Africa. XLink manages M2M solutions for over 68,000 businesses in Africa. Initial 100-unit PoC project for energy management systems deployment.
- Telefónica UKcoreTelefónica selected as preferred communications service provider for UK smart meter rollout (SMIP), using Connode's IPv6 wireless mesh solution for areas without cellular coverage. Connode supplies software platform, integration and support services. Potential £37M in software licence and support fees over UK rollout lifecycle.
Scale indicators17 records
Recent moves10 records
Expansion highlights6 records
CyanConnode competitors and assessment
Company assessmentDirect peers
- Landis+Gyr: Global leader in smart metering and grid management, offering AMI communications modules and head-end software to utilities worldwide. Directly comparable to CyanConnode's smart metering communications portfolio and is also referenced as a customer/partner of CyanConnode in the Nordic region.
- Itron: Major provider of smart metering, AMI networking, and utility data management solutions, including mesh and cellular communications. Competes head-to-head with CyanConnode in AMI communications for utilities globally and via its Silver Spring Networks acquisition.
- Sensus (Xylem): Supplies smart meters, AMI communications networks (FlexNet), and managed utility solutions. Directly competes with CyanConnode in AMI RF and cellular communications for water, gas and electric utilities.
- Trilliant: Specialises in AMI communications networks and smart grid solutions, offering RF mesh, cellular and hybrid connectivity for utilities. Closely comparable to CyanConnode in pure-play AMI communications technology and managed services.
- Tantalus Systems: Provides smart grid communications networks for electric, water and gas utilities, including AMI mesh and hybrid connectivity. Comparable to CyanConnode as a focused AMI networking vendor serving investor-owned and public utilities.
- Aclara Technologies (Hubbell): Offers AMI communications solutions, smart meters, and utility grid management software. Directly comparable to CyanConnode's smart metering communications and head-end software offering for electric, gas and water utilities.
- Genus Power Infrastructures: Tier-1 Indian smart meter manufacturer and CyanConnode channel partner with largest installed base in India. Both partner and competitor as it bids on AMI tenders where communications technology choice is involved.
- HPL Electric & Power: Indian manufacturer of smart meters and AMI solutions participating in the same government-mandated smart meter rollouts. Comparable to CyanConnode in addressing Indian DISCOM AMI tenders.
Broad incumbents
- Siemens Smart Infrastructure: Large diversified smart grid and energy management vendor offering metering, AMI, grid software and automation. Overlaps with CyanConnode in utility AMI but competes as a broad portfolio incumbent rather than focused communications specialist.
- Schneider Electric: Global energy management and automation incumbent offering smart metering, AMI, and grid solutions as part of a broader portfolio. Adjacent competitor to CyanConnode for utility digital infrastructure deployments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CyanConnode social profiles
Digital presenceCyanConnode financial estimates
Financial estimateRevenue estimate
Valuation estimate
CyanConnode leadership team
Management profileNumber of profiles
Profiles12 records
CyanConnode subsidiaries and ownership
Company hierarchySubsidiaries3 records
CyanConnode funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CyanConnode M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CyanConnode
What does CyanConnode do?
CyanConnode designs and develops narrowband RF mesh networking technology and IoT communication platforms that enable smart metering, smart lighting, and smart city applications. Its offerings include Omnimesh IPv6 6LoWPAN mesh solutions, Omni IoT Platform for multi-network device management, CyLec/CyLec Connect retrofit metering modules, cellular communication modules, and Head End Software (HES), delivered via direct AMISP service contracts, channel partnerships with meter manufacturers, and per-meter managed services.
Is CyanConnode a public or private company?
CyanConnode is a public company. It is classified as public and is currently operating.
When was CyanConnode founded?
CyanConnode was founded in 2002. It employs 101 to 250 people.
Where is CyanConnode based?
CyanConnode is headquartered in Cambridge, United Kingdom, in the Europe region.
How does CyanConnode make money?
Three revenue lines are on record. Smart Metering Hardware and Software (AMISP Model) is the primary driver. The others are software Licenses and Support (Recurring) and managed Services.
Who are CyanConnode's main competitors?
Direct peers on record are Landis+Gyr, Itron, Sensus (Xylem), Trilliant, Tantalus Systems, Aclara Technologies (Hubbell), Genus Power Infrastructures and HPL Electric & Power. Broad incumbents are Siemens Smart Infrastructure and Schneider Electric.
Does CyanConnode have an API?
No public API is recorded for CyanConnode.
What industry is CyanConnode in?
CyanConnode's product category is Smart Metering Communications & IoT Networking. Its primary akta.pro industry code is EUADAFAD, AMI Communications (RF Mesh, PLC, Cellular/NB-IoT, Private LTE), with a secondary code of HDAFAIAF, Cellular IoT/M2M Gateways & Routers (LTE/5G). Its NAICS code is 517810 and its SIC code is 3576.