PR Newswire Honored at ASEAN PR Conference & PR Excellence Awards - Helping Businesses Communicate to the World

KUCHING, Malaysia, April 30, 2019 /PRNewswire/ -- PR Newswire, the premier global provider of news distribution and media monitoring services, has clinched the Diamond Award for Best Online Media Company Supporting Public Relations (PR) and Communication Industry in the Association of Southeast Asian Nations (ASEAN) at the second ASEAN PR Conference & PR Excellence Awards held at Hilton Kuching, Sarawak, Malaysia on Apr 29 2019.   PR Newswire Country Manager, Vietnam, Mai Anh Le receiving the diamond award for the Best Online Media Company supporting PR and Communication Industry   This Diamond Award (the highest tier among four award categories, including Gold, Silver and Bronze) recognizes PR Newswire's role in supporting outstanding online PR activities in the ASEAN communications industry. "We are honored to be recognized by the organizers -- the ASEAN Public Relations Network (APRN) and Institute of PR Malaysia -- for our excellence in helping ASEAN clients amplify their stories globally through video production, multimedia press releases and outdoor video display at iconic landmarks such as Times Square, New York City," said Mai Anh Le, Country Manager in Vietnam at PR Newswire. "We are also grateful to our clients who are tapping on our suite of communications services to tell compelling, differentiated stories that resonate at home and abroad."  In line with the conference theme of "Communication, Attention, Tactics", nine distinguished speakers from around the world shared details of their communications strategies and tactics to excel in a connected, diverse and dynamic ASEAN region that collectively stands as the sixth largest economy in the world with a combined Gross Domestic Product of $2.55 trillion. To illustrate "Communication, Attention, Tactics" in action, Mai Anh Leshared, "In Vietnam, with 95 percent of internet users watching video on mobile, 91 percent using mobile messenger software and 61 million monthly active users on Facebook[1], content is often consumed 'on the go' and shared socially on both private and public networks. It is vital for businesses to communicate vivid multimedia messages that attract attention and shares, while tapping on the widest possible distribution network to reach the largest audience pool." Born in ASEAN, Communicating to the World ASEAN is the fourth largest exporting region in the world, trailing only the European Union, North America and the People's Republic of China. News distribution to the relevant global media channels plays an important role in speeding up the internationalization of innovative ASEAN businesses. By getting a variety of sources to consistently describe their brand story and value proposition (earned media), this builds a digital footprint that wins trust when potential customers are researching online. International journalists are also receptive to fostering more meaningful relationships with businesses and PR professionals. In the 2019 State of Media Report,  Cision, PR Newswire's parent company, asked 1,999 journalists how their relationships with PR professionals had changed over the year, and 27% said their relationships with PR professionals had gotten more valuable. This is a significant jump over the corresponding 2018 survey result (8%). Royce Shih, Vice President APAC Sales & Marketing at PR Newswire said, "We serve a wide range of internationalizing ASEAN clients. This award demonstrates that our comprehensive suite of news distribution and media monitoring solutions, combined with our dedicated local teams, is empowering ASEAN businesses to communicate their unique value to global audiences." About PR Newswire PR Newswire, a Cision Ltd. company (NYSE: CISN), is a leading global provider of news distribution and earned media software and services.  In conjunction with Cision's cloud-based communications product suite, PR Newswire's services enable marketers, corporate communicators, and investor relations officers to identify key influencers, engage target audiences, craft and distribute strategic content, and measure meaningful impact.  Combining the world's largest multi-channel, multi-cultural content dissemination network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, the Middle East, Africa and Asia-Pacific regions. For more info please visit www.prnasia.com. For further information, please contact:  PR Newswire's Asia Marketing Team  +852 2572 8228 asia.marketing@prnasia.com [1] Digital 2019 Vietnam, We Are Social. Photo - https://photos.prnasia.com/prnh/20190430/2450907-1 Logo - https://photos.prnasia.com/prnh/20180611/2159405-1LOGO-b   Source: PR Newswire Related Links: http://www.prnasia.com

2019-04-30 19:22

Cision 2019 State of the Media Report Reveals a Decline in Distrust of the Media and Growing Concerns About Staffing and Resources

CHICAGO, April 24, 2019 /PRNewswire/ -- To uncover the latest trends and biggest challenges facing the media industry, Cision (NYSE: CISN) todayreleased its 2019 State of the Media Report, the company's tenth annual State of the Media. This year's report was Cision's largest ever, surveying nearly 2,000 journalists from 10 countries around the world, to learn about the main issues facing the global media industry in 2019, and how PR and communications professionals can better work with their journalist counterparts.   Cision 2019 State of the Media Report: The availability of audience metrics like views and engagement has changed the way journalists evaluate stories     Cision 2019 State of the Media Report: change from 2018 to 2019 in the most impactful technologies: AI and social media Despite an increasing number of challenges facing journalists- from fake news and misinformation campaigns, to shrinking budgets and newsrooms, to changes in social media algorithms- the report reveals several optimistic findings. For the second year in a row, respondents reported a decrease in the public's distrust of the media; 63% of respondents felt the public lost trust this year, which is down from 71% in 2018 and 91% in 2017. "While fake news is still a concern, it's not journalism's top challenge this year. Unfortunately issues around social media and resources lead the list of concerns, especially in the United States, Canada and United Kingdom," said Kevin Akeroyd, Cision CEO. "But the news isn't all bad; we are encouraged to see a continued decrease in perceptions of public distrust in the media. Trust is the major theme in this year's survey results; in fact, it seems tied to the future of the industry in many ways. Telling a reliable, informative and relevant story is more important than ever, and journalists are using audience data to better understand what stories generate the traffic and revenue journalists need to thrive in today's media environment." Survey responses also reflect growing concerns around the changing role of social media, an increasing reliance on data-driven storytelling, and the relationship between media and communications professionals. Other key takeaways from the report include: Journalists continue to rely more and more on data to make decisions about the stories they focus on. 65% of journalists globally feel that detailed audience metrics like views and engagement have changed the kinds of content they publish. 43% of respondents focus primarily on readership or views, 20% focus on engagement, and 15% focus on impact on revenue. PR and communications professionals are valuable partners to journalists, especially in this turbulent media environment. However, 75% of journalists said that fewer than 25% of the pitches they receive are relevant. Journalists reported that the single most effective thing PR professionals can do to improve their relationship with the media is to better understand the end customer and provide information more relevant and customized to that audience. Social media is both less- and more- important than ever. Because of the volatile nature of social media in 2018, journalists have increasingly complex feelings about the importance of social media. 38% of journalists surveyed agree that updated social media algorithms- such as changes to the Facebook News Feed- will be the most important technology to impact their work in 2019, which is an increase in the past year. That impact is not always positive, as journalists have concerns about relying on social media for publishing content. To read the full Cision 2019 State of the Media Report, click here. About Cision Cision Ltd (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 22 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contact:  Jenn Deering Davis VP of Communications & Content, Cision cisionpr@cision.com      Photo - https://photos.prnasia.com/prnh/20190424/2444907-2-a  Photo - https://photos.prnasia.com/prnh/20190424/2444907-2-b Source: Cision Related stocks: AMEX:CISN NYSE:CISN Related Links: http://www.cision.com

2019-04-24 13:44

Cision Names Susan Steele As Chief Human Resources Officer

CHICAGO, April 15, 2019 /PRNewswire/ -- Cision® (NYSE: CISN) today announced the appointment of Susan Steele as the company's new global Chief Human Resources Officer. Steele, who brings more than 25 years of human resources expertise to the role, is known for pioneering the use of artificial intelligence in the HR function to improve productivity, enhance the employee experience, and improve business results.   "Over the past four years, Cision has grown aggressively through acquisition," said Kevin Akeroyd, Cision CEO. "Each acquisition has brought in tremendous new talent, and creating an industry-leading employee experience will be a competitive advantage as we move into a new era for Cision. Susan's expertise will be invaluable to our organization as we attract, develop and retain our more than 4,000 employees globally." Prior to joining the Cision executive team, Steele served as HR Reinvention Lead for Global Talent and Transformation at IBM. There, she was responsible for positioning IBM as a preferred partner for the use of AI and automation in the transformation of clients' HR functions. She leveraged agile, analytics, design thinking, digital badges and other innovations to equip IBM clients around the globe for HR reinvention, continuous learning, and employee experience transformation. Steele's 25 years of experience also include HR leadership roles at WPP, Deloitte and Linklaters and earlier investment banking roles at HSBC and JPMorgan Chase. At Cision, Steele will focus on fostering an environment of continuous learning and career mobility, enhancing productivity for all employees via scalable talent processes, resources and technologies, and delivering employee experiences that accelerate client success and revenue growth. "In today's era of continuous disruption, it is increasingly important for fast-growing enterprises, such as Cision, to create the employee-centric environment, experiences and culture critical to client satisfaction and commercial success," said Susan Steele. "Cision is uniquely placed to enable new skills, fuel career growth, and leverage a tradition of innovation; I am excited about Cision's future and the opportunity to help craft a compelling employee and client experience." Steele will be based in Cision's New York office. About Cision  Cision Ltd. (NYSE:  CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 22 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contact:  Jenn Deering Davis VP of Communications & Content, Cision cisionpr@cision.com   SOURCE Cision

2019-04-15 14:56

Cision Reports Fourth Quarter and Full Year 2018 Results; Provides Updated Full Year 2019 Outlook

CHICAGO, Feb. 28, 2019 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today reported results for the fourth quarter and year ended December 31, 2018. Financial Highlights Fourth Quarter 2018 Revenue increased 10.3% to $186.4 million Revenue, excluding the impact of purchase accounting, increased 9.8% to $186.4 million Operating income increased 198.6% to $20.9 million Net loss decreased 66.7% to $11.5 million Adjusted EBITDA increased 11.1% to $68.0 million Adjusted net income increased 36.7% to $31.4 million Adjusted net income per share increased 25.6% to $0.24 Full Year 2018 Revenue increased 15.6% to $730.4 million Revenue, excluding the impact of purchase accounting, increased 15.6% to $731.9 million Operating income increased 83.2% to $69.6 million Net loss decreased 80.2% to $24.4 million Adjusted EBITDA increased 13.2% to $255.2 million Adjusted net income increased 88.7% to $110.6 million Adjusted net income per share increased 49.2% to $0.86 "We are pleased to have delivered strong financial results for the fourth quarter, concluding a very successful 2018 for the company," said Kevin Akeroyd, Cision's Chief Executive Officer. "We continue to focus our efforts on delivering best-in-class products and services to our customers, and driving towards our long-term financial goals and objectives. Following our acquisitions of Falcon and TrendKite and the divestiture of our email marketing assets, we enter 2019 better positioned than ever to deliver unmatched value to the public relations and marketing communications industry." Fourth Quarter Business Statistics and Operational Highlights Americas revenues increased 9.6% to $129.4 million EMEA revenues increased 10.8% to $48.4 million APAC revenues increased 19.4% to $8.6 million Non-core revenues declined 38.7% to $1.0 million Average pro forma subscription customers increased 4.2% to approximately 42,300 Average annualized pro forma revenue per subscription customer, excluding the impact of currency, decreased 1.3% to approximately $11,100 Customers that purchased services from us on a transaction basis decreased 6.0% to approximately 39,200 Average quarterly pro forma revenue per customer that purchased services from us on a transaction basis, excluding the impact of currency, increased 8.6% to approximately $1,530 Cross-sell bookings of software, distribution and insights in the US increased 55.1% to $5.4 million Cision Communications Cloud platform customers at December 31, 2018 were approximately 9,800 Attribution and data bookings (measured in annual contract value) were approximately $1.0 million Recent Acquisitions On January 3, 2019, we completed our acquisition of Falcon for approximately €105.2 million ($120.1 million). The purchase consideration consisted of approximately €54.1 million ($61.7 million) in cash and the issuance of approximately 5.1 million ordinary shares valued at €51.1 million ($58.4 million). The cash portion of the consideration was funded with a combination of cash on hand and borrowings under our revolving credit facility. On January 23, 2019, we completed our acquisition of TrendKite for approximately $222.4 million. The purchase consideration consisted of approximately $94.1 million in cash and approximately 10.3 million ordinary shares valued at $128.3 million. The cash portion of the consideration was funded with a combination of cash on hand and incremental borrowings under our dollar-denominated term loan facility. Recent Divestiture On January, 22, 2019, we sold our email marketing assets to a strategic buyer. The sale of the email marketing assets resulted from a detailed review of Cision's long-term business strategy and desire to focus on our industry-leading communications cloud platform. We divested our email marketing assets for approximately $49.3 million of cash consideration, with up to an additional $4.0 million in cash consideration based upon meeting certain business performance measures over the next 12 months. Long-Term Debt On December 28, 2018, we entered into an incremental facility amendment to our first lien credit agreement that increased available borrowings under the revolving credit facility from $75.0 million to $100.0 million. As of December 31, 2018, we had no amounts outstanding under our revolving credit facility and we had approximately $1,254 million of borrowings outstanding under our first lien credit facility, consisting of approximately $972.1 million of dollar-denominated term loan borrowings and approximately €246.9 million of Euro-denominated borrowings. On January 2, 2019, we borrowed approximately $40.0 million of dollar borrowings under our revolving credit facility in connection with the closing of the Falcon acquisition, which we repaid in full on January 31, 2019. On January 11, 2019, we entered into an incremental facility amendment to the credit agreement that increased our dollar-denominated term loan facility by $75.0 million. On January 17, 2019, we borrowed $75.0 million of dollar-denominated borrowings under our term loan facility in connection with the closing of the TrendKite acquisition. As of February 27, 2019, we had approximately $1,329 million of borrowings outstanding under our first lien credit facility, consisting of approximately $1,047 million of dollar-denominated term loan borrowings and approximately €246.9 million of Euro-denominated borrowings. Subscription and Transaction Customer Trends All of the figures below exclude our acquisitions of Falcon and TrendKite, and have been adjusted to exclude the impact of currency.   Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018   Q4 2018 compared to Q4 2017 Average pro forma subscription customers 39,761 40,833 40,532 40,628 40,252 41,249 41,661 42,349   4.2% Average annualized pro forma revenue per subscription customer $10,867 $10,882 $11,101 $11,227 $11,153 $11,186 $11,237 $11,086   (1.3%) Pro forma transaction customers 42,869 44,451 40,829 41,670 40,216 41,172 38,152 39,173   (6.0%) Average pro forma revenue per transaction customer $1,297 $1,361 $1,286 $1,405 $1,382 $1,454 $1,356 $1,526   8.6% Updated Full Year 2019 Outlook Our updated outlook for the full fiscal year ending December 31, 2019 appears below (all figures in millions, except share and per share amounts). Additionally, due to our acquisitions and divestiture in January 2019, we have provided an initial outlook for our first quarter ending March 31, 2019. These estimates are based on a number of assumptions that management believes to be reasonable and reflect our expectations as of the date of this release. Actual results may differ materially from these estimates as a result of various factors, and Cision refers you to the cautionary language regarding "Forward Looking Statements" included in this press release when considering this information.   Prior 2019   Updated 2019   Initial Q1 2019   Q1 2018 Revenue $775 - $785   $775 - $785   $185 - $190   $179.3 Revenue, excluding the impact from purchase accounting $782 - $792   $782 - $792   $187 - $192   $180.2 Net income (loss) ($5) - $2   ($1) - $4   ($6) - ($2)   ($0.4) Net income (loss) per share ($0.03) - $0.01   ($0.01) - $0.02   ($0.04) - ($0.01)   $0.00 Adjusted EBITDA $270 - $275   $270 - $275   $61 - $63   $58.3 Adjusted net income $122 - $125   $122 - $125   $28 - $30   $23.1 Adjusted net income per diluted share $0.82 - $0.84   $0.82 - $0.85   $0.19 - $0.20   $0.19 Pro-forma fully diluted weighted average shares outstanding 149.8   148.0   147.5   123.9                                   Prior 2019   Updated 2019   Initial Q1 2019   Q1 2018 Depreciation expense --   $30 - $33   $8 - $9   $7.4 Amortization expense --   $105 - $110   $26 - $27   $25.9 Amortization expense included in cost of revenue --   $24 - $26   $6 - $7   $5.6 Interest expense --   $76 - $79   $19 - $20   $22.1 Debt extinguishment costs --   $0 - $0   $0 - $0   $2.4 Interest expense, net of debt extinguishment costs --   $76 - $79   $19 - $20   $19.7 Cash interest expense --   $64 - $66   $16 - $17   $18.9 Stock-based compensation --   $7 - $10   $2 - $3   $1.3 Capital expenditures, inclusive of capitalized software development --   $38 - $42   $8 - $9   $8.8 The above outlook assumes the inclusion of results from our acquisitions of Falcon and TrendKite from the date of their respective acquisitions through the respective periods ending March 31, 2019 and December 31, 2019, and the inclusion of results from our e-mail marketing assets from January 1, 2019 through the date of its divestiture. The updated outlook above assumes LIBOR of approximately 2.7%, EURIBOR of approximately 0%, and the following exchange rates with respect to the British Pound, the Euro and the Canadian Dollar for fiscal year 2019: GBP to USD 1.29 EUR to USD 1.14 CAD to USD 0.76 Additionally, our outlook for 2019 excludes any additional acquisitions, divestitures, or other unanticipated events. See our discussion of non-GAAP financial measures included in this release. Conference Call and Webcast As previously announced, we will hold a conference call and webcast to review our fourth quarter and full year 2018 financial results on Thursday, February 28, 2019 at 5:00 pm EST. To hear the live event, visit the Cision investor website at http://investors.cision.com, or by dialing 1-877-443-4809 (participant dial in toll free) or 1-412-317-5235 (participant dial in International). For those accessing the call via Cision's investor website, we suggest logging in at least 15 minutes prior to the start of the live event. For those dialing in, participants should ask to be joined into the Cision Ltd. earnings call. A replay of the earnings webcast will be available approximately two hours after the conclusion of the live event on February 28, 2019. To access the webcast recording / conference replay, visit http://investors.cision.com or you can dial 1-877-344-7529 (US), 1-412-317-0088 (International), or 1-855-669-9658 (Canada). The replay access code for the earnings call is 10129049. The replay will be available through March 15, 2019. Supplemental materials regarding the conference call and webcast will be posted to the Cision website at http://investors.cision.com approximately one hour in advance of the conference call and webcast. Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding our future financial and operating performance outlook for the fiscal year ending December 31, 2019, as well as information relating to the acquisitions of Falcon.io and TrendKite and our divestiture of certain e-mail marketing assets and our realization of the expected benefits therefrom. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "anticipate," "intend," "plan," "goal," "seek," "aim," "strive," "believe," "see," "project," "predict," "estimate," "expect," "continue," "strategy," "future," "likely," "may," "might," "should," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Accordingly, you should not place undue reliance on these statements, as actual results may vary materially. A detailed discussion of some of the risks and uncertainties that could cause our actual results and financial condition to differ materially from the forward-looking statements is described under the caption "Risk Factors" in our most recent quarterly report on Form 10-Q filed on November 9, 2018 and our annual report on Form 10-K filed on March 13, 2018, along with our other filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made by us in this communication is based only on information currently available to us and speaks only as of the date of this report. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Please consult our public filings at www.sec.gov or www.Cision.com. About Cision Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,500 employees with offices in 22 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Cision Ltd. and its Subsidiaries Condensed Consolidated Balance Sheets As of December 31, 2018 and December 31, 2017 (in thousands, except for per share amounts) (Unaudited)         2018   2017 Assets       Current assets:         Cash and cash equivalents $          104,769   $          148,654   Accounts receivable, net 120,882   113,008   Prepaid expenses and other current assets 22,824   19,896     Total current assets 248,475   281,558 Property and equipment, net 57,210   53,578 Other intangible assets, net 377,146   456,291 Goodwill 1,171,859   1,136,403 Deferred tax asset 4,034   - Other assets 7,652   7,528     Total assets $       1,866,376   $       1,935,358 Liabilities and Stockholders' Equity       Current liabilities:         Current portion of long-term debt $            13,210   $            13,349   Accounts payable 15,603   13,327   Accrued compensation and benefits 29,323   25,873   Other accrued expenses 82,507   73,483   Current portion of deferred revenue 139,725   140,351     Total current liabilities 280,368   266,383 Long-term debt, net of current portion 1,205,760   1,266,121 Deferred revenue, net of current portion 1,098   1,412 Deferred tax liability 69,232   62,617 Other liabilities 21,601   22,456     Total liabilities $       1,578,059   $      1,618,989 Commitments and contingencies       Stockholders' equity:         Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 and 2017 -   -   Common stock, $0.0001 par value, 480,000,000 shares authorized; 132,716,541 and 122,634,922 shares issued and outstanding at December 31, 2018 and 2017, respectively 13   12   Additional paid-in capital 797,222   771,813   Accumulated other comprehensive loss (68,941)   (35,111)   Accumulated deficit (439,977)   (420,345)     Total stockholders' equity 288,317   316,369      Total liabilities and stockholders' equity $       1,866,376   $       1,935,358 Cision Ltd. and its Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except for per share amounts) (Unaudited)         Three Months Ended December 31,   Year Ended December 31,       2018   2017   2018   2017 Revenue $        186,369   $        168,959   $        730,373   $    631,637 Cost of revenue 66,580   53,265   266,792   200,836     Gross Profit 119,789   115,694   463,581   430,801                     Operating costs and expenses:                 Sales and marketing 30,750   31,519   116,095   114,750   Research and development 7,713   5,423   29,995   22,102   General and administrative 40,298   48,940   167,060   166,759   Amortization of intangible assets 20,134   22,853   80,815   89,159     Total operating costs and expenses 98,895   108,735   393,965   392,770     Operating income 20,894   6,959   69,616   38,031                     Non operating income (expense):                 Foreign exchange gains (losses) 3,013   (3,626)   13,290   (5,458)   Interest and other income (expense), net (589)   (318)   (117)   2,132   Interest expense (18,067)   (20,160)   (78,014)   (116,466)   Loss on extinguishment of debt (6,992)   -   (9,424)   (51,872)     Total non operating loss (22,635)   (24,104)   (74,265)   (171,664)     Loss before income taxes (1,741)   (17,145)   (4,649)   (133,633) Provision for (benefit from) income taxes 9,729   17,347   19,745   (10,591)     Net loss (11,470)   (34,492)   (24,394)   (123,042) Other comprehensive income (loss)-foreign currency translation adjustments (12,048)   2,826   (32,844)   38,791     Comprehensive loss $       (23,518)   $       (31,666)   $       (57,238)   $    (84,251)                     Net loss per share:                 Basic and diluted $            (0.09)   $            (0.28)   $            (0.19)   $        (1.63) Weighted average shares outstanding used in computing per share amounts:                 Basic and diluted 132,714,691   121,917,531   128,819,858   75,696,880 Cision Ltd. and its Subsidiaries Condensed Consolidated Statements of Cash Flows For the Years Ended December 31, 2018 and December 31, 2017 (in thousands) (Unaudited)           2018   2017 Cash flows from operating activities       Net loss $  (24,394)   $ (123,042) Adjustments to reconcile net loss to net cash provided by operating activities:         Depreciation and amortization 133,821   139,474   Non-cash interest charges and amortization of debt discount and deferred financing costs 17,498   65,554   Equity-based compensation expense 5,267   4,138   Provision for doubtful accounts 4,409   3,493   Deferred income taxes (105)   (23,278)   Unrealized currency translation losses (gains) (13,533)   5,011   Gain on sale of business -   (1,785)   Other 5,441   (194)   Changes in operating assets and liabilities, net of effects of acquisitions and disposal:           Accounts receivable (7,784)   (6,349)     Prepaid expenses and other current assets  1,682   1,579     Other assets  742   737     Accounts payable 728   (3,831)     Accrued compensation and benefits 3,530   (6,235)     Other accrued expenses (3,466)   4,068     Deferred revenue 1,808   4,887     Other liabilities 1,484   4,621       Net cash provided by operating activities 127,128   68,848               Cash flows from investing activities       Purchases of property and equipment (14,629)   (10,734) Software development costs (19,804)   (14,953) Acquisitions of businesses, net of cash received of $2,711 and $12,355 (66,463)   (78,528) Proceeds from disposal of business -   23,675 Other   (24)   552       Net cash used in investing activities (100,920)   (79,988)               Cash flows from financing activities       Proceeds from revolving credit facility -   5,000 Repayment of revolving credit facility -   (38,475) Payment of amounts due to Cision Owner -   (1,940) Proceeds from term credit facility, net of debt discount of $10,466 -   1,350,259 Repayments of term credit facility (63,297)   (1,497,838) Payments on capital lease obligations -   (171) Payments of deferred financing costs (850)   - Proceeds from merger and recapitalization -   305,110 Payment of contingent consideration (2,873)   –       Net cash provided by (used in) financing activities (67,020)   121,945 Effect of exchange rate changes on cash and cash equivalents (3,073)   2,714       Increase (decrease) in cash and cash equivalents (43,885)   113,519               Cash and cash equivalents       Beginning of year 148,654   35,135 End of the year $ 104,769   $  148,654               Supplemental disclosure of cash flows information       Cash paid during the year for:       Interest $   69,816   $  102,400 Income taxes 17,538   10,250 Supplemental non-cash information:       Issuance of securities by Cision Owner in Connection with acquisitions -   7,000 Non-cash contribution from Cision Owner in connection with merger -   451,139 Issuance of shares for acquisition 20,143     Use of Non-GAAP Financial Measures Non-GAAP results are presented only as a supplement to our financial statements based on US generally accepted accounting principles (GAAP). Non-GAAP financial information is provided to enhance the reader's understanding of our financial performance, but none of these non-GAAP financial measures are recognized terms under GAAP, and non-GAAP measures should not be considered in isolation or as a substitute for financial measures calculated in accordance with GAAP. Reconciliations of the most directly comparable GAAP measures to non-GAAP measures, such as Adjusted EBITDA, and Adjusted net income per share, are provided within the schedules attached to this release. We use non-GAAP measures in our operational and financial decision-making, believing that it is useful to exclude certain items in order to focus on what we deem to be a more reliable indicator of ongoing operating performance and our ability to generate cash flow from operations. As a result, internal management reports used during monthly operating reviews include Adjusted EBITDA, and Adjusted net income per share. Additionally, we believe that the presentation of non-GAAP measures provides information that is useful to investors as it indicates, for example, our ability to meet capital expenditures and working capital requirements and otherwise meet our obligations as they become due. Investors are cautioned that non-GAAP financial measures are not a substitute for GAAP disclosures. This communication also includes certain forward-looking non-GAAP financial measures. We are unable to present without unreasonable efforts a reconciliation of forward-looking non-GAAP financial information to the corresponding GAAP financial information because management cannot reliably predict all of the necessary information. Forward-looking non-GAAP financial information is based on numerous assumptions, including assumptions with respect to general business, economic, market, regulatory and financial conditions and various other factors, all of which are difficult to predict and many of which are beyond our control. Accordingly, investors are cautioned not to place undue reliance on this information. Non-GAAP measures are frequently used by securities analysts, investors, and other interested parties in their evaluation of companies comparable to Cision, many of which present non-GAAP measures when reporting their results. These measures can be useful in evaluating our performance against our peer companies because we believe the measures provide users with valuable insight into key components of GAAP financial disclosures. However, non-GAAP measures have limitations as an analytical tool. Non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies. They are not presentations made in accordance with GAAP, are not measures of financial condition or liquidity, and should not be considered as an alternative to profit or loss for the period determined in accordance with GAAP or operating cash flows determined in accordance with GAAP. As a result, you should not consider such performance measures in isolation from, or as a substitute analysis for, results of operations as determined in accordance with GAAP. Cision Ltd. and its Subsidiaries Reconciliation of Net Loss to EBITDA and Adjusted EBITDA (in millions) (Unaudited)     Three Months Ended December 31, 2017   Three Months Ended December 31, 2018   Year Ended December 31, 2017   Year Ended December 31, 2018 Net loss $                       (34.5)   $                       (11.5)   $                   (123.0)   $                     (24.4) Depreciation and amortization 36.1   33.6   139.5   133.8 Interest expense and loss on extinguishment of debt 20.2   25.1   168.3   87.5 Provision (benefit) for income taxes 17.3   9.7   (10.6)   19.7 EBITDA (1) 39.1   56.9   174.2   216.6 Acquisition and offering related costs 16.7   12.7   42.2   45.3 Stock-based compensation 1.2   1.6   4.1   5.3 Deferred revenue reduction from purchase accounting 0.7   -   1.5   1.5 Gain on sale of business -   -   (1.8)   - Sponsor fees and expenses -   -   0.3   - Unrealized translation (gain) loss 3.5   (3.2)   5.0   (13.5) Adjusted EBITDA (2) $                         61.2   $                         68.0   $                    225.5   $                    255.2 Cision Ltd. and its Subsidiaries Reconciliation of Net Loss to Adjusted Net Income and Adjusted Net Income per Diluted Share (in millions, except for per share and share amounts) (Unaudited)     Three Months Ended December 31, 2017   Three Months Ended December 31, 2018   Year Ended December 31, 2017   Year Ended December 31, 2018 Net loss $                      (34.5)   $                      (11.5)   $                  (123.0)   $                    (24.4) Provision (benefit) for income taxes 17.3   9.7   (10.6)   19.7 Acquisition and offering related costs 16.7   12.7   42.2   45.3 Gain on sale of business -   -   (1.8)   - Stock-based compensation expense 1.2   1.6   4.1   5.3 Deferred revenue reduction from purchase accounting 0.7   -   1.5   1.5 Amortization related to acquired intangible assets 29.2   26.0   113.8   104.1 Non-recurring interest and loss on extinguishment of debt -   7.1   55.9   11.4 Sponsor fees and expenses -   -   0.3   - Unrealized translation (gain) loss  3.5   (3.2)   5.0   (13.5) Adjusted Income before income taxes 34.1   42.4   87.4   149.4 Less: Income tax at a 26% rate for 2018, and a 33% rate for 2017 (11.2)   (11.0)   (28.8)   (38.8) Adjusted net income (3) $                        22.9   $                        31.4   $                      58.6   $                   110.6 Pro forma fully-diluted weighted average shares outstanding 121,917,531   132,714,891   102,035,003   128,819,858 Adjusted net income per diluted share (4) $0.19   $0.24   $0.57   $0.86 Cision Ltd. and its Subsidiaries Reconciliation of Net Cash Provided by Operating Activities to Adjusted Net Cash Provided by Operating Activities (in millions) (Unaudited)     Three Months Ended December 31, 2017   Three Months Ended December 31, 2018   Year Ended December 31, 2017   Year Ended December 31, 2018 Net cash provided by operating activities $                        30.5   $                        37.3   $                      68.8   $                   127.1 Acquisition and offering related costs 16.7   12.7   42.2   45.3 Adjusted net cash provided by operating activities (5) $                        47.2   $                        50.0   $                   111.0   $                   172.4     (1) Cision defines EBITDA as net income (loss), plus depreciation and amortization expense, plus interest expense and loss on extinguishment of debt, plus provision for (or minus benefit from) income taxes.     (2) Cision defines Adjusted EBITDA as EBITDA, further adjusted for acquisition and offering related costs, stock-based compensation, deferred revenue reduction from purchase accounting, (gains) losses related to divested businesses or assets, sponsor fees and expenses, and unrealized translation losses (gains). All of the items included in the reconciliation from net income to Adjusted EBITDA are either non-cash items or are items that we consider to be less useful in assessing our operating performance. In the case of the non-cash items, we believe that investors can better assess our operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect our ability to generate free cash flow or invest in our business. For example, by excluding depreciation and amortization from EBITDA, users can compare operating performance without regard to different accounting determinations such as useful life. In the case of the other items, we believe that investors can better assess operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.     (3) Cision defines Adjusted net income as net income (loss) plus provision for (or minus benefit from) income taxes, further adjusted for acquisition and offering related costs, (gains) losses related to divested businesses or assets, stock-based compensation, deferred revenue reduction from purchase accounting, amortization related to acquired intangibles, non-recurring interest and losses on extinguishment of debt, sponsor fees and expenses, and unrealized translation losses (gains), which together, sum to Adjusted net income (loss) before income taxes. Adjusted net income (loss) before income taxes is then taxed at an assumed long term corporate tax rate of 33% for 2017 and periods prior, and 26% for 2018 and beyond, pursuant to our preliminary analysis with respect to recent U.S. tax law changes, to determine Adjusted net income. The enactment of the Tax Cuts and Jobs Act in December 2017 resulted in a provisional net one-time tax of $11.9 million in the fourth quarter of 2017 based on a reasonable estimate of the income tax effects, primarily from a tax on accumulated foreign earnings, the remeasurement of deferred tax assets and liabilities and new limitations on the deductibility of interest. Our calculation of Adjusted net income excludes this provisional net one-time tax. We continue to finalize the analysis of the tax reform provisions in 2018. All of the items included in the reconciliation from net income to Adjusted net income are either non-cash items or are items that we consider to be less useful in assessing our operating performance. In the case of the non-cash items, we believe that investors can better assess our operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect our ability to generate free cash flow or invest in our business. For example, by excluding the amortization related to acquired intangibles, users can compare operating performance without regard to highly variable amortization expenses related to our acquisitions. In the case of the other items, we believe that investors can better assess operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.     (4) Cision defines Adjusted net income per diluted share as Adjusted net income, as defined above, divided by the fully-diluted pro forma weighted average shares outstanding for the period. The fully-diluted pro forma weighted average shares outstanding for the respective period assume that the exchange of shares pursuant to our merger with Capitol Acquisition III had taken effect as of the beginning of such period. Additionally, for purposes of calculating the number of fully diluted shares outstanding, we have excluded the potential impact of dilution from outstanding warrants to purchase shares of our common stock prior to the dates of their conversion, and stock options and restricted units issued and outstanding pursuant to our 2017 Omnibus Incentive Plan. During the second quarter of fiscal 2018, we issued an aggregate of 6,342,989 ordinary shares (6,100,209 ordinary shares on May 18, 2018 and 242,780 ordinary shares on June 4, 2018), in exchange for all of our outstanding warrants, pursuant to the completion of our warrant exchange transactions. During the third quarter of 2018, we issued 2,000,000 ordinary shares for the earn-out achieved during the quarter. Commencing on these respective issuance dates, we included the issued shares in our fully-diluted pro forma weighted average share count.     (5) Cision defines Adjusted net cash provided by operating activities is defined as net cash provided by operating activities adjusted for acquisition related costs and expenses. Investor Contact: Jack Pearlstein Chief Financial Officer Jack.Pearlstein@cision.com Media Contact: Jenn Deering Davis VP, Communications Jenn.Deering.Davis@cision.com

2019-02-28 15:40

Cision® Acquires TrendKite, Extending Its Leadership in Measurement & Attribution

Building on its vision of Earned Media Management, Cision enhances its award-winning Cision Communications Cloud® with TrendKite's advanced measurement and AI capabilities CHICAGO, Jan. 23, 2019 /PRNewswire/ -- Cision (NYSE:  CISN) today announced it has acquired Digital PR platform provider TrendKite. Based in Austin, Texas, TrendKite harnesses artificial intelligence and analytics to help brands understand the effect communications programs have on corporate reputation, website traffic and business outcomes. TrendKite is led by CEO Erik Huddleston, an industry veteran with a stellar track record solving CMOs' most challenging problems through innovative technology. Erik will become President of Cision following the transaction.  Cision + TrendKite TrendKite enables communicators to quantify the business value of their marcomms campaigns. The addition of TrendKite extends Cision's vision for Earned Media Management – the unification of technology, data, measurement, and analysis to modernize the comms function from an expense into a business driver. The Digital PR platform will continue to be offered as a stand-alone application. In the long-term, TrendKite will become part of the Cision Communications Cloud product offering. Marketers and communicators will now have the following enhanced capabilities: Sophisticated measurement with approachable user experience: Cision Impact, the industry's first technology for true campaign measurement and attribution, leverages a robust ecosystem of ad tech and audience data providers, demonstrating how earned media content consumption translates into revenue-generating activities. When integrated into the Cision Communications Cloud, the combination of these attribution capabilities with TrendKite's platform will deliver marketers the most sophisticated campaign measurement available, all with an industry-leading user experience. Comprehensive media monitoring & analysis: Cision's media monitoring platform taps into millions of earned media sources across online, print, broadcast, and social media. Combining TrendKite's AI capabilities with Cision's global content footprint will deliver the insights communicators need to optimize campaign programs and enhance performance through improved reporting and analytics. Enhanced earned media targeting: TrendKite's social influencer management functionality enables brands to identify and build relationships across platforms with a range of personalities, from the world's most influential people to niche subject matter experts. Coupled with the Cision Influencer Graph, which understands the connections between an influencer, the content they create, and the audiences they reach, Cision will offer more insights for brands to effectively reach their target audience through earned media outreach. "Recent research conducted by Cision with PR Week found that 77 percent of CMOs and CCOs believe they can improve comms measurement and business objective attribution relative to the status quo," said Kevin Akeroyd, Cision CEO. "Combining Cision and TrendKite will address this important objective for industry professionals worldwide." "TrendKite and Cision share the same mission of helping clients improve the results of earned media campaigns," said Erik Huddleston, TrendKite CEO. "Combining our offerings and capabilities with Cision's comprehensive earned media platform will allow us to powerfully impact the marketing communications industry and provide best-in-class PR and communications solutions." To learn more about the Cision Comms Cloud™ click here. About Cision  Cision Ltd. (NYSE:  CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 22 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. About TrendKite Founded in 2013 in Austin, Texas, TrendKite is the Digital PR Platform that puts earned media at the heart of the marketing mix. By harnessing artificial intelligence and big data analytics to optimize the impact public relations has on a brand's reputation, website traffic and business goals, TrendKite is transforming the way the world views earned media. For more information, visit TrendKite.com and follow @TrendKite on Twitter. Media Contacts: Nick Bell VP Marketing Communications & Content, Cision cisionpr@cision.com Steph Macleod Kaizo for Cision cision@kaizo.co.uk  SOURCE Cision Related Links http://www.cision.com

2019-01-23 09:31

Cision Acquires Leading Social Media Company Falcon.io

Acquisition enhances company's Earned Media Management vision with modern social marketing capabilities CHICAGO, Jan. 3, 2019 /PRNewswire/ -- Cision (NYSE: CISN) today announced it has acquired Falcon.io, a leading social media company with offices in New York, Copenhagen, Sofia, Berlin, Melbourne and Budapest. Falcon.io provides brands with insights into their global content strategy and the management of comprehensive social media marketing programs through publishing, engagement, listening, advertising and measurement. Cision + Falcon.io The addition of Falcon.io further solidifies Cision's market leadership in driving the future of earned media management, moving beyond the tactical nature of PR point solutions.  While Falcon.io will continue to be offered as a stand-alone social media platform for marketers, advertisers, and customer experience professionals, it will also be integrated with the Cision Communications Cloud® to expand social media capabilities to earned media and communications professionals. Integrating Falcon.io into the Cision Comms Cloud ™ platform will enable marketing and communications professionals to fully integrate their campaigns across owned, earned and paid media. With the addition of these social media capabilities, Cision further demonstrates its commitment to be a true, end-to-end provider of earned media management solutions. "Falcon.io is an industry leader in Europe and fast-emerging in the U.S. for social media marketing. By adding their social marketing solutions to the Cision portfolio, we are finally allowing industry professionals to execute sophisticated social media campaigns across paid, owned, and earned media that spans the entire customer journey," said Kevin Akeroyd, Cision CEO. "Falcon.io will round out our vision for holistic earned media management that includes not only engagement on broadcast, print, and open web/mobile media channels, but social media as well." "Social media is core to today's customer experience, with nearly 2.5 billion users. At Falcon.io, we take pride in providing world-class brands with our leading social media marketing solution," said Ulrik Bo Larsen, Falcon.io founder and CEO. "Cision's earned media management vision and leading comms technology is very synergistic to the Falcon vision of offering best in class technology to streamline an array of related social media and customer experience use cases on one strong technology platform. Together, we will provide our customers with an unparalleled, complete communications solution." Falcon.io's social media marketing capabilities will be immediately available to Cision customers. To learn more about the Cision Comms Cloud click here. About Cision  Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. About Falcon.io  Falcon.io offers an integrated SaaS platform for social media listening, engaging, publishing, measuring, advertising and managing customer data. The company enables their clients to explore the full potential of digital marketing by managing multiple customer touchpoints from one platform. Falcon.io's diverse and global client portfolio includes Carlsberg, Toyota, William Grant & Sons, Momondo, Panasonic, Coca-Cola, and many more. Media Contacts:  U.S.   Laura Roman  Director of Corporate Communications, Cision  cisionpr@cision.com Europe   Allan Edwards Kaizo for Cision   Cision@kaizo.co.uk SOURCE Cision Related Links http://www.cision.com

2019-01-03 11:21

Cision Reports Third Quarter 2018 Financial Results; Provides Updated Full Year 2018 Outlook

CHICAGO, Nov. 8, 2018 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today reported financial results for the quarter ended September 30, 2018. All data presented below is compared to the third quarter of 2017, unless otherwise noted. Third Quarter 2018 Financial Highlights Revenue increased 11.0% to $177.2 million Revenue, excluding the impact from purchase accounting, increased 10.7% to $177.5 million Operating income increased 2.4% to $14.2 million Net loss decreased 87.0% to $6.0 million Adjusted EBITDA increased 9.9% to $62.7 million Adjusted net income increased 47.0% to $26.6 million Adjusted net income per share increased 33.3% to $0.20 "We are pleased to have delivered another solid quarter of financial results," said Kevin Akeroyd, Cision's Chief Executive Officer. "We continue to focus our efforts on delivering best-in-class products and services to our customers, executing our strategic and operational plans, and driving toward our long-term financial goals. This focus resulted in third quarter pro forma organic revenue growth of 2.1% after adjusting for non-core revenues and the impact of currency, an approximate 160 basis-point increase from the prior year's third fiscal quarter." Third Quarter Business Statistics and Operational Highlights Americas revenues increased 8.8% to $122.6 million EMEA revenues increased 15.6% to $46.6 million APAC revenues increased 19.8% to $8.1 million Non-core revenues declined 41.2% to $1.0 million Average pro forma subscription customers increased 2.8% to approximately 41,700  Average annualized pro forma revenue per subscription customer, excluding the impact of currency, increased 1.2% to approximately $11,200 Customers that purchased services from us on a transaction basis decreased 6.6% to approximately 38,200 Average pro forma revenue per customer per quarter that purchased services from us on a transaction basis, excluding the impact of currency, increased 5.4% to approximately $1,400 Cross-sell bookings of software, distribution and insights in the United States increased 130.3% to $2.2 million Cision Communication Cloud ® platform customers at September 30, 2018 were approximately 9,400 Long-Term Debt As of September 30, 2018, we had approximately $974.7 million of outstanding dollar-denominated term loans and approximately €247.5 million of outstanding Euro-denominated term loans. In addition to the $3.3 million in quarterly amortization payments during the third quarter, we further reduced our outstanding dollar-denominated term loan by $10.0 million through a voluntary prepayment pursuant to the terms of our 2017 First Lien Credit Facility. On October 22, 2018, we  completed a repricing of our First Lien Credit Facility. The repricing reduced the interest rate on revolving borrowings and USD borrowings from LIBOR plus 3.25% to LIBOR plus 2.75%, and reduced the interest rate on EUR borrowings from EURIBOR plus 3.50% to EURIBOR plus 3.00%. We estimate that the 50 basis point reduction on USD and EUR borrowings will reduce our annual cash interest costs by approximately $6.3 million. "We are pleased to have concluded this repricing transaction on such beneficial terms," said Jack Pearlstein, Cision's Chief Financial Officer. "The repricing will provide us with incremental annual cash interest savings and represents another step in our ongoing effort to reduce interest expense, drive increased cash flow and, by extension, drive incremental value for our shareholders." Subscription and Transaction Customer Trends Our average pro forma subscription customers, average annualized pro forma revenue per subscription customer, pro forma number of customers that purchased services from us on a transaction basis, and average pro forma revenue per customer that purchased services from us on a transaction basis appear below for the most recent five fiscal quarters. All of the figures below have been adjusted to exclude the impact of currency.   Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q3 2018 compared to  Q3 2017               Average pro forma subscription customers 40,532 40,628 40,252 41,249 41,661 2.8%               Average annualized pro forma revenue per subscription customer $11,101 $11,227 $11,153 $11,186 $11,237 1.2%               Pro forma transaction customers 40,829 41,670 40,216 41,172 38,152 (6.6%)               Average pro forma revenue per transaction customer $1,286 $1,405 $1,382 $1,454 $1,356 5.4% Updated Full Year 2018 Outlook Our updated outlook for the full year ending December 31, 2018 appears below (all figures in millions, except per share amounts). These estimates are based on a number of assumptions that management believes to be reasonable and reflect the Company's expectations as of the date of this release. Actual results may differ materially from these estimates as a result of various factors, and the Company refers you to the cautionary language regarding "Forward Looking Statements" included in this press release when considering this information.   Previous   Updated  Revenue $722 - $730   $724 - $728 Revenue, excluding the impact from purchase accounting $724 - $732   $725 - $729 Net income ($6) - $6   ($12.0) - ($8.0) Adjusted EBITDA $249 - $253   $250 - $253 Adjusted net income $106 - $109   $106 - $109 Adjusted net income per diluted share $0.83 - $0.85   $0.83 - $0.85 Pro-forma fully diluted weighted average shares outstanding 128.3   128.8 Additionally, for the full year ending December 31, 2018, we expect (all figures in millions):   Previous   Updated  Depreciation expense $30 - $32   $30 - $32 Amortization expense $105 - $107   $104 - $106 Amortization expense included in cost of revenue $23 - $24   $23 - $24 Interest expense $78 - $80   $77 - $79 Debt extinguishment costs $4 - $5   $4 - $5 Interest expense, net of debt extinguishment costs $74 - $76   $73 - $75 Cash interest expense $64 - $66   $64 - $66 Stock-based compensation $4 - $5   $4 - $5 Capital expenditures, inclusive of capitalized software development $34 - $36   $33 - $35 The updated outlook above assumes three-month LIBOR of approximately 2.5% and three-month EURIBOR of approximately 0.0%. The above outlook also incorporates a change from the prior quarter with respect to our exchange rate assumptions for the fourth quarter of 2018. This change in our exchange rate assumption for the British Pound, the Euro and the Canadian Dollar reduced our revenue outlook for the fourth quarter of 2018 by approximately $1.0 million, reduced our Adjusted EBITDA outlook for the fourth quarter of 2018 by approximately $0.4 million, and reduced our Adjusted net income per diluted share outlook for the fourth quarter of 2018 by $0.01. On September 13, 2018, we issued 2,000,000 earn-out shares to Canyon Holdings (Cayman), L.P. ("Cision Owner") as consideration for our merger with Capitol Acquisition Corp. III. This issuance increased our weighted average shares outstanding during the third quarter of 2018 by approximately 390,000 shares and will increase our weighted average shares outstanding for the fourth quarter of 2018 by 2,000,000 shares. This share issuance does not reduce our Adjusted net income per diluted share for the third quarter of 2018 and reduces our Adjusted net income per diluted share outlook for the full year 2018 by approximately $0.01. Excluding the impact of the change in our exchange rate assumptions and our issuance of 2,000,000 earn-out shares to Cision Owner, our updated revenue outlook, including the impact from purchase accounting would have been $726 million to $730 million, our updated Adjusted EBITDA outlook would have been $251 millionto $253 million, and our updated Adjusted net income per diluted share outlook would have been $0.84 to $0.86. Our previous and updated assumptions for the British Pound, the Euro and the Canadian Dollar appear below:   Previous   Updated  GBP to USD 1.30   1.28 EUR to USD 1.16   1.14 CAD to USD 0.77   0.76 We plan to adopt Accounting Standards Codification Topic 606 ("ASC 606") on a modified retrospective basis, effective December 31, 2018. We are in the process of determining the potential impact of adopting this new standard, which could have a significant impact on our fourth quarter and full year 2018 financial results. Additionally, our outlook for 2018 excludes the impact of any future acquisitions, divestitures, voluntary prepayments of our 2017 First Lien Credit Facility, future refinancings or repricings of our 2017 First Lien Credit Facility, the adoption of ASC 606 or other unanticipated events. See discussion of non-GAAP financial measures below in this release. Third Quarter 2018 Conference Call Details As previously announced, we will hold a conference call to review our third quarter 2018 financial results on Wednesday, November 7th at 5:00 pm EST. To hear the live event, visit the Cision investor website at http://investors.cision.com, or dial 1-877-443-4809 (participant dial in toll free) or 1-412-317-5235 (participant dial in International). The conference call will be simultaneously webcast on the Investor Relations section of our website: http://investors.cision.com Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "anticipate," "intend," "plan," "goal," "seek," "aim," "strive," "believe," "see," "project," "predict," "estimate," "expect," "continue," "strategy," "future," "likely," "may," "might," "should," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Accordingly, you should not place undue reliance on these statements, as actual results may vary materially. A detailed discussion of some of the risks and uncertainties that could cause our actual results and financial condition to differ materially from the forward-looking statements is described under the caption "Risk Factors" in our most recent annual report on Form 10-K filed on March 13, 2018, along with our other filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made by us in this communication is based only on information currently available to us and speaks only as of the date of this release. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Please consult our public filings at www.sec.gov or www.cision.com. About Cision Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Cision Ltd. and its Subsidiaries Condensed Consolidated Balance Sheets As of September 30, 2018 and December 31, 2017  (in thousands, except per share and share amounts) (Unaudited)                                 2018   2017 Assets             Current assets:           Cash and cash equivalents $            84,192   $         148,654   Accounts receivable, net 113,821   113,008   Prepaid expenses and other current assets 21,426   19,896           Total current assets 219,439   281,558 Property and equipment, net 54,032   53,578 Other intangible assets, net 406,515   456,291 Goodwill     1,179,597   1,136,403 Other assets   6,429   7,528           Total assets $       1,866,012   $      1,935,358 Liabilities and Stockholders' Equity       Current liabilities:         Current portion of long-term debt $            13,251   $           13,349   Accounts payable 12,560   13,327   Accrued compensation and benefits 25,718   25,873   Other accrued expenses 75,128   73,483   Current portion of deferred revenue 140,493   140,351           Total current liabilities 267,150   266,383 Long-term debt, net of current portion 1,206,313   1,266,121 Deferred revenue, net of current portion 1,258   1,412 Deferred tax liability 65,068   62,617 Other liabilities 20,778   22,456           Total liabilities 1,560,567   1,618,989 Stockholders' equity:         Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding at September 30, 2018 and December 31, 2017   -     -   Common stock, $0.0001 par value, 480,000,000 shares authorized; 132,713,555 and 122,634,922 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively   13     12   Additional paid-in capital 795,668   771,813   Accumulated other comprehensive loss (55,907)   (35,111)   Accumulated deficit (434,329)   (420,345)           Total stockholders' equity 305,445   316,369            Total liabilities and stockholders' equity $       1,866,012   $      1,935,358   Cision Ltd. and its Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss  (in thousands, except per share and share amounts) (Unaudited)         Three months ended September 30,    Nine months ended September 30,        2018   2017   2018   2017 Revenue $         177,236   $                   159,729   $         544,004   $      462,678 Cost of revenue 69,177   53,287   200,212   147,571     Gross profit 108,059   106,442   343,792   315,107                     Operating costs and expenses:                 Sales and marketing 27,367   27,931   85,345   83,231   Research and development 7,292   5,661   22,282   16,679   General and administrative 39,002   36,127   126,762   117,819   Amortization of intangible assets 20,167   22,829   60,681   66,306     Total operating costs and expenses 93,828   92,548   295,070   284,035     Operating income 14,231   13,894   48,722   31,072                     Non operating income (expense):                 Foreign exchange gains (losses) 2,196   802   10,277   (1,832)   Interest and other income, net 380   177   472   2,450   Interest expense (19,785)   (23,063)   (59,947)   (96,306)   Loss on extinguishment of debt -   (51,872)   (2,432)   (51,872)     Total non operating loss (17,209)   (73,956)   (51,630)   (147,560)     Loss before income taxes (2,978)   (60,062)   (2,908)   (116,488) Provision for (benefit from) income taxes 3,070   (13,653)   10,016   (27,938)     Net loss (6,048)   (46,409)   (12,924)   (88,550) Other comprehensive income (loss) - foreign currency translation adjustments   (2,479)     13,371     (20,796)     35,965     Comprehensive loss $          (8,527)   $                  (33,038)   $        (33,720)   $     (52,585)                     Net loss per share:                 Basic and Diluted $            (0.05)   $                      (0.38)   $            (0.10)   $         (1.47) Weighted average shares outstanding used in computing per share amounts:                           Basic and Diluted 131,104,859   120,584,316   127,507,314   60,120,689   Cision Ltd. and its Subsidiaries Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2018 and September 30, 2017 (in thousands) (Unaudited)                   2018   2017 Cash flows from operating activities       Net loss $  (12,924)   $     (88,550) Adjustments to reconcile net loss to net cash provided by operating activities:         Depreciation and amortization 100,186   103,392   Non-cash interest charges and amortization of debt discount and deferred financing costs 10,158   62,824   Equity-based compensation expense 3,713   2,944   Provision for doubtful accounts 3,972   2,247   Deferred income taxes 3,437   (29,970)   Unrealized currency translation losses (gains) (10,338)   1,551   Gain on sale of business -   (1,785)   Other 86   (171)   Changes in operating assets and liabilities, net of effects of acquisitions and disposal:     -     Accounts receivable 967   7,018     Prepaid expenses and other current assets  (1,133)   1,072     Other assets  (726)   113     Accounts payable (1,721)   (2,110)     Accrued compensation and benefits (321)   (10,207)     Other accrued expenses (7,320)   (4,123)     Deferred revenue 1,767   (3,593)     Other liabilities (14)   (2,310)       Net cash provided by operating activities 89,789   38,342               Cash flows from investing activities       Purchases of property and equipment (10,325)   (7,746) Software development costs (12,026)   (11,365) Acquisitions of businesses, net of cash received of $2,711 and $12,355 (66,463)   (54,992) Proceeds from disposal of business -   23,675 Change in restricted cash 5   607       Net cash used in investing activities (88,809)   (49,821)               Cash flows from financing activities       Proceeds from revolving credit facility -   5,000 Repayment of revolving credit facility -   (38,475) Payment of amounts due to Cision Owner -   (1,940) Proceeds from term credit facility, net of debt discount of $10,091 -   1,275,634 Repayments of term credit facility (59,989)   (1,494,501) Payments on capital lease obligations -   (171) Payments of deferred financing costs (294)   - Proceeds from merger and recapitalization -   305,210 Payment of contingent consideration (2,873)   -       Net cash provided by (used in) financing activities (63,156)   50,757 Effect of exchange rate changes on cash and cash equivalents (2,286)   2,319       Increase (decrease) in cash and cash equivalents (64,462)   41,597               Cash and cash equivalents       Beginning of period 148,654   35,135 End of the period $   84,192   $       76,732               Supplemental non-cash information     - Issuance of securities by Cision Owner in Connection with acquisitions $             -   $         7,000 Non-cash contribution from Cision Owner in connection with merger -   451,139 Issuance of shares for acquisition 20,143   - Use of Non-GAAP Financial Measures Non-GAAP results are presented only as a supplement to our financial statements based on U.S. generally accepted accounting principles (GAAP). Non-GAAP financial information is provided to enhance the reader's understanding of our financial performance, but none of these non-GAAP financial measures are recognized terms under GAAP, and non-GAAP measures should not be considered in isolation or as a substitute for financial measures calculated in accordance with GAAP. Reconciliations of the most directly comparable GAAP measures to non-GAAP measures, such as Adjusted EBITDA and Adjusted net income per share, are provided within the schedules attached to this release. We use non-GAAP measures in our operational and financial decision-making, believing that it is useful to exclude certain items in order to focus on what we deem to be a more reliable indicator of ongoing operating performance and our ability to generate cash flow from operations. As a result, internal management reports used during monthly operating reviews include Adjusted EBITDA, Adjusted net income per diluted share and organic revenue growth. We define organic revenue growth as the change in our total revenue excluding non-core revenues, calculated on a constant currency basis after giving pro forma effect to all acquisitions as though they occurred at the beginning of the applicable period. Additionally, we believe that the presentation of non-GAAP measures provides information that is useful to investors, research analysts, investment banks and lenders under our 2017 First Lien Credit Facility as it indicates, for example, our ability to meet capital expenditures and working capital requirements and otherwise meet our obligations as they become due. Investors are cautioned that non-GAAP financial measures are not a substitute for GAAP disclosures. This communication also includes certain forward-looking non-GAAP financial measures. We are unable to present without unreasonable efforts a reconciliation of forward-looking non-GAAP financial information to the corresponding GAAP financial information because management cannot reliably predict all of the necessary information. Forward-looking non-GAAP financial information is based on numerous assumptions, including assumptions with respect to general business, economic, market, regulatory and financial conditions and various other factors, all of which are difficult to predict and many of which are beyond our control. Accordingly, investors are cautioned not to place undue reliance on this information. Non-GAAP measures are frequently used by securities analysts, investors, and other interested parties in their evaluation of companies comparable to Cision, many of which present non-GAAP measures when reporting their results. These measures can be useful in evaluating our performance against our peer companies because we believe the measures provide users with valuable insight into key components of GAAP financial disclosures. However, non-GAAP measures have limitations as an analytical tool. Non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies. They are not presentations made in accordance with GAAP, are not measures of financial condition or liquidity, and should not be considered as an alternative to profit or loss for the period determined in accordance with GAAP or operating cash flows determined in accordance with GAAP. As a result, you should not consider such performance measures in isolation from, or as a substitute analysis for, results of operations as determined in accordance with GAAP. Cision Ltd. and its Subsidiaries Reconciliation of Net Loss to EBITDA and Adjusted EBITDA (in millions) (Unaudited)     Three Months Ended September 30, 2018   Three Months Ended September 30, 2017    Change   Nine Months  Ended September 30, 2018   Nine Months  Ended September 30, 2017    Change Net loss $             (6.0)   $           (46.4)   $            40.4   $           (12.9)   $           (88.6)   $            75.6 Depreciation and amortization 33.3   36.1   (2.8)   100.2   103.4   (3.2) Interest expense and loss on extinguishment of debt 19.8   74.9   (55.1)   62.4   148.2   (85.8) Provision for (benefit from) income taxes 3.1   (13.7)   16.7   10.0   (27.9)   38.0 EBITDA (1) 50.1   51.0   (0.9)   159.6   135.1   24.5 Acquisition and offering related costs 12.8   5.2   7.6   32.6   25.5   7.1 Gain on sale of business -   -   -   -   (1.8)   1.8 Stock-based compensation 1.5   1.0   0.5   3.7   2.9   0.8 Deferred revenue reduction from purchase accounting 0.3   0.6   (0.4)   1.5   0.8   0.7 Sponsor fees and expenses -   -   -   -   0.3   (0.3) Unrealized translation (gain) loss (2.1)   (0.8)   (1.2)   (10.3)   1.6   (11.9) Adjusted EBITDA (2) $            62.7   $            57.0   $              5.7   $          187.1   $          164.4   $            22.8   Cision Ltd. and its Subsidiaries Reconciliation of Net Loss to Adjusted Net Income and Adjusted Net Income per Diluted Share (in millions, except for per share amounts) (Unaudited)     Three Months Ended September 30, 2018   Three Months Ended September 30, 2017    Change   Nine Months Ended September 30, 2018   Nine Months Ended September 30, 2017    Change Net loss $             (6.0)   $           (46.4)   $            40.4   $           (12.9)   $           (88.6)   $            75.6 Provision for (benefit from) income taxes 3.1   (13.7)   16.7   10.0   (27.9)   38.0 Acquisition and offering related costs 12.8   5.2   7.6   32.6   25.5   7.1 Gain on sale of business -   -   -   -   (1.8)   1.8 Stock-based compensation expense 1.5   1.0   0.5   3.7   2.9   0.8 Deferred revenue reduction from purchase accounting 0.3   0.6   (0.4)   1.5   0.8   0.7 Amortization related to acquired intangible assets 26.0   29.2   (3.1)   78.1   84.5   (6.4) Non-recurring interest and loss on extinguishment of debt 0.4   51.9   (51.5)   4.3   55.9   (51.6) Sponsor fees and expenses -   -   -   -   0.3   (0.3) Unrealized translation (gain) loss  (2.1)   (0.8)   (1.2)   (10.3)   1.6   (11.9) Adjusted Income before income taxes 36.0   27.0   9.0   106.9   53.2   53.8 Less: Income tax at a 26% rate for 2018, and a 33% rate for 2017 (9.4)   (8.9)   (0.4)   (27.8)   (17.5)   (10.3) Adjusted net income (3) $            26.6   $            18.1   $              8.5   $            79.1   $            35.6   $            43.5 Pro forma fully-diluted weighted average shares outstanding 131,105   120,584   10,521   127,507   95,335   32,172 Adjusted net income per diluted share (4) $0.20   $0.15   $0.05   $0.62   $0.37   $0.24   Cision Ltd. and its Subsidiaries Reconciliation of Net Cash Provided by Operating Activities to Adjusted Net Cash Provided by Operating Activities (in millions) (Unaudited)     Three Months  Ended  September 30,  2018   Three Months  Ended  September 30, 2017   Change   Nine Months  Ended  September 30, 2018   Nine Months  Ended  September 30,  2017   Change Net cash provided by operating activities $                  26.2   $                  20.2   $                    5.9   $                89.8   $                38.3   $                51.4 Acquisition and offering related costs  12.8   5.2   7.6   32.6   25.5   7.1 Adjusted net cash provided by operating activities (5) $                  39.0   $                  25.5   $                  13.5   $              122.4   $                63.9   $                58.5     (1) Cision defines EBITDA as net income (loss), plus depreciation and amortization expense, plus interest expense and loss on extinguishment of debt, plus provision for (or minus benefit from) income taxes.     (2) Cision defines Adjusted EBITDA as EBITDA, further adjusted for acquisition and offering related costs, stock-based compensation, deferred revenue reduction from purchase accounting, (gains) losses related to divested businesses or assets, sponsor fees and expenses, and unrealized translation losses (gains). All of the items included in the reconciliation from net income to Adjusted EBITDA are either non-cash items or are items that we consider to be less useful in assessing our operating performance. In the case of the non-cash items, we believe that investors can better assess our operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect our ability to generate free cash flow or invest in our business. For example, by excluding depreciation and amortization from EBITDA, users can compare operating performance without regard to different accounting determinations such as useful life. In the case of the other items, we believe that investors can better assess operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.     (3) Cision defines Adjusted net income as net income (loss) plus provision for (or minus benefit from) income taxes, further adjusted for acquisition and offering related costs, (gains) losses related to divested businesses or assets, stock-based compensation, deferred revenue reduction from purchase accounting, amortization related to acquired intangibles, non-recurring interest and losses on extinguishment of debt, sponsor fees and expenses, and unrealized translation losses (gains), which together, sum to Adjusted net income (loss) before income taxes. Adjusted net income (loss) before income taxes is then taxed at an assumed long term corporate tax rate of 33% for 2017 and periods prior, and 26% for 2018 and beyond, pursuant to our preliminary analysis with respect to recent U.S. tax law changes, to determine Adjusted net income. The enactment of the Tax Cuts and Jobs Act in December 2017 resulted in a provisional net one-time tax of $11.9 million in the fourth quarter of 2017 based on a reasonable estimate of the income tax effects, primarily from a tax on accumulated foreign earnings, the remeasurement of deferred tax assets and liabilities and new limitations on the deductibility of interest. Our calculation of Adjusted net income excludes this provisional net one-time tax. We continue to finalize the analysis of the tax reform provisions in 2018. All of the items included in the reconciliation from net income to Adjusted net income are either non-cash items or are items that we consider to be less useful in assessing our operating performance. In the case of the non-cash items, we believe that investors can better assess our operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect our ability to generate free cash flow or invest in our business. For example, by excluding the amortization related to acquired intangibles, users can compare operating performance without regard to highly variable amortization expenses related to our acquisitions. In the case of the other items, we believe that investors can better assess operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.     (4) Cision defines Adjusted net income per diluted share as Adjusted net income, as defined above, divided by the fully-diluted pro forma weighted average shares outstanding for the period. The fully-diluted pro forma weighted average shares outstanding for the respective period assume that the exchange of shares pursuant to our merger with Capitol Acquisition Corp. III had taken effect as of the beginning of such period. Additionally, for purposes of calculating the number of fully diluted shares outstanding, we have excluded the potential impact of dilution from outstanding warrants to purchase shares of our common stock prior to the dates of their conversion, and stock options and restricted units issued and outstanding pursuant to our 2017 Omnibus Incentive Plan. During the second quarter of fiscal 2018, we issued an aggregate of 6,342,989 ordinary shares (6,100,209 ordinary shares on May 18, 2018 and 242,780 ordinary shares on June 4, 2018), in exchange for all of our outstanding warrants, pursuant to the completion of our warrant exchange transactions. During the third quarter of 2018, we issued 2,000,000 ordinary shares for the earn-out achieved during the quarter. Commencing on these respective issuance dates, we included the issued shares in our fully-diluted pro forma weighted average share count. Using our average share price of $16.46 for the three months ended September 30, 2018, our fully-diluted pro forma weighted average shares outstanding for the three months ended September 30, 2018 would have been approximately 131.7 million had we incorporated the dilutive effects of the stock options and restricted units.     (5) Cision defines Adjusted net cash provided by operating activities as net cash provided by operating activities adjusted for acquisition and offering related costs. Investor Contact: Jack Pearlstein Chief Financial Officer Jack.Pearlstein@cision.com  Media Contact: Nick Bell Vice President, Marketing Communications and Content CisionPR@cision.com  Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Ltd. Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-11-22 17:29

PR Newswire Grabs Attention in China with Speech at World Internet Conference

-The World's leading global provider of news release distribution and multimedia platforms makes headlines across China following industry keynote at the World Internet Conference 2018 WUZHEN, China, Nov. 15, 2018 /PRNewswire/ -- PR Newswire vice-president of content licensing and distribution Joshua B. Cohen gave a speech to an audience of more than 300 CEOs and top executives from key Chinese and international media organizations at the World Internet Conference in Wuzhen, China on November 8, 2018.   Joshua B. Cohen, Vice-president of content licensing and distribution, PR Newswire   As a platform for the country's latest innovations and products, the high-level annual event organized by the Cyberspace Administration of China and People's Government of Zhejiang Province is regularly attended by government leaders and chief executives from some of the world's leading internet and IT organizations. Sharing the stage with a lineup of prominent disruptors and media innovators, Mr. Cohen briefed delegates on "Developments and innovation in global news distribution" and presented several findings from the 2018 Global State of the Media Report and Annual China Media Survey produced by PR Newswire's parent company, Cision. Delving into the results of the study, Mr Cohen informed the audience of prevalent trends, best practice tips and key technological developments communications pros should prepare for in the years ahead. "PR Newswire and parent company, Cision, have been actively investing in China over the years to build a robust distribution network to reach Chinese audiences and help our local clients to craft and distribute their stories. Having been invited to an event of such standing as the WIC is a great testament to our global leadership position and our track record of serving customers locally. "The introduction of exciting data, identity and technological innovations that allow communications professionals to connect their campaigns to attributable business outcomes is beginning to change the status quo of the communications industry. We will continue to deploy the latest platforms and applications here in China as we persistently strive to help our global partners tell their stories to the world and tell them better," said Yujie Chen, President of Cision, APAC. As the most important feature of the Chinese technology industry calendar, the event is widely covered by the media and closely watched by technology influencers and the public. A follow-up interview on "Xin Wen Shen Yi Du" (In-Depth News) that aired during primetime on China's third-largest network, Zhejiang Television, was viewed by more than 20 million people, while over 250 platforms syndicated coverage sourced from leading news outlets in China. For more information on the 2018 Global State of the Media Report and Annual China Media Survey, click here. For more details on the World Internet Conference and keynote address, please visit: The official website of the 5th World Internet Conference  http://www.wicwuzhen.cn/web18/news/talk/201811/t20181108_8695423.shtml About Joshua B. Cohen Joshua Cohen, Vice President of Content Licensing & Distribution at PR Newswire, develops and manages the relationship with the thousands of websites, databases and content aggregators around the world that publish and distribute PR Newswire's news release feeds including the rapidly growing multimedia/social media and mobile news release segments.  Josh's fluency in Mandarin Chinese, Spanish and French have been instrumental in cementing key distribution deals for PR Newswire's multilingual feeds.  About PR Newswire PR Newswire, established in 1954, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. PR Newswire today provides optimized and targeted content and news with distribution measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions. Photo - https://photos.prnasia.com/prnh/20181115/2301219-1 Logo - http://photos.prnasia.com/prnh/20160617/8521603993LOGO-d   Source: PR Newswire

2018-11-15 15:22

Cision Unveils Global Innovation Lab to Transform Communications Industry

LONDON, Nov. 6, 2018 /PRNewswire/ -- CISION COMMSCON -- Cision® (NYSE: CISN) today announced the opening of a new global innovation and research center to fuel the ongoing development of groundbreaking technology for the communications industry. The Cision Innovation Lab, with locations in New York City and Berlin, is designed to build, test, and launch cutting-edge technology that helps communicators unify data, processes and analysis to transform the comms function. The Lab will serve as a testing ground for integration of acquired technology into the Cision Communications Cloud®, as well as the integration of the Cision Comms Cloud™ with industry-leading marketing and advertising technology from around the world. The research center will also focus on the creation of industry-standard frameworks and approaches that follow the best practices of Earned Media Management, helping to transform the comms function into a business driver. "Cision is building transformative technology to enable a modern communications industry – one where comms is realized as one of the most valuable assets within an organization," said Kevin Akeroyd, Cision CEO. "We led the charge for a new era with our breakthrough Communications Cloud,  and the Cision Innovation Lab is an important component to achieving our vision for the future of comms. We're taking a new approach to innovation, helping global communications professionals to more holistically connect earned media with paid and owned media." The Cision Innovation Lab will be led by David Barker, the company's President of Data and Innovation. Under Barker's leadership, the Lab will focus on anticipating and solving the communication industry's challenges through product development, strategic acquisitions, and select partnerships with organizations in the paid and owned media spaces, including MediaMath® and LiveRamp®. The research center will be used to build and beta-test different communications use cases and solutions. Four primary centers of testing and development within the Lab environment include: Quants: Enabling communicators to access data, metrics and measurement to validate the importance of earned media as a business driver. Artificial Intelligence (AI): Bringing efficiency, scalability, and deep insights to both the day-to-day functions and overarching comms strategies. Graph: Allowing communicators to visualize and act on the interconnectivity of key influencers, content and target audiences. Media: Integrating with the broader martech environment to extend and connect earned media to paid and owned channels. "Communications and public relations are rapidly evolving," noted Barker. "Today, more than ever, comms and PR professionals are being asked to produce data-driven results that align with core business metrics. The Cision Innovation Lab will provide the ongoing development and innovation needed to set new standards of measurement and integration to continue validating the importance of earned media." About Cision  Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contacts: U.S. Laura Roman Director of Corporate Communications, Cision cisionpr@cision.com Kate Walker McGrath|Power for Cision cision@mcgrathpower.com Europe Steph Macleod Kaizo for Cision cision@kaizo.co.uk Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-11-06 16:30

Cision Appoints Digital Marketing Expert Susan Vobejda to Board of Directors

CHICAGO, Nov. 2, 2018 /PRNewswire/ -- Cision® (NYSE: CISN) today announced the appointment of Susan Vobejda to the Company's Board of Directors. Vobejda, named one of Forbes Most Influential CMOs in the World 2018, is a recognized expert at the forefront of digital marketing's transformation. She currently serves as the Chief Marketing Officer (CMO) at The Trade Desk, a global advertising technology company.   "Susan brings a passion for brand building, an impressive background in strategic marketing and advertising, and a strong track record in the digital transformation of major brands to the Cision Board," said Kevin Akeroyd, Cision CEO. "We are committed to bringing data, technology, and measurement to communications, showcasing the role of earned media as a true business results driver on par with paid and owned media. Susan's fluency in these areas across global B2B and B2C organizations will assist us in making our vision for a new era of communication a reality." Prior to joining The Trade Desk in 2017, Vobejda served as the executive vice president and CMO at global fashion brand Tory Burch, where she led a customer-centric, omnichannel, and global digital transformation of all brand communications. Prior to Tory Burch, Vobejda held several executive roles at Bloomberg, including her work as the founding executive and GM of Bloomberg's media distribution division. Vobejda has also served in marketing leadership positions at other leading organizations including Yahoo!, Gap and Walmart.   "Cision is leading the digital transformation of the communications industry by tying earned media to business results," said Vobejda. "This emphasis on the value of data and demonstrating the measurable impact of programs is something that I'm deeply passionate about. I'm honored to join the Cision Board and look forward to the next phase of Cision's evolution."   Vobejda holds a B.A. in Economics from Carleton College and an MBA from Harvard Business School. She currently sits on the CMO Advisory Board of Ridge Ventures, an early-stage venture capital firm, and also serves on the Board of the non-profit Lulu and Leo Fund. With Susan Vobejda's appointment, the Cision Board is now comprised of eight directors. About Cision  Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contacts: U.S. Laura Roman Director of Corporate Communications, Cision cisionpr@cision.com Kate Walker McGrath|Power for Cision cision@mcgrathpower.com Europe Steph Macleod Kaizo for Cision cision@kaizo.co.uk Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-11-02 04:30

Cision Plans Third Quarter 2018 Earnings Release and Conference Call

CHICAGO, Oct. 29, 2018 /PRNewswire/ -- Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, will release its third quarter 2018 financial results on Wednesday, November 7th, shortly after the market close. In conjunction with the earnings release, investors will have the opportunity to listen to Cision senior management review its third quarter results of fiscal year 2018 via conference call on Wednesday, November 7th at 5:00 pm EST. To hear the live event, visit the Cision investor website at http://investors.cision.com, or by dialing 1-877-443-4809 (participant dial in toll free) or 1-412-317-5235 (participant dial in International). For those accessing the call via Cision's investor website, we suggest logging in at least 15 minutes prior to the start of the live event. For those dialing in, participants should ask to be joined into the Cision Ltd. earnings call. A replay of the earnings webcast will be available approximately two hours after the conclusion of the live event on November 7th. To access the webcast recording / conference replay, visit http://investors.cision.com or you can dial 1-877-344-7529 (US), 1-412-317-0088 (International), or 1-855-669-9658 (Canada). The replay access code for the earnings call is 10126008. The replay will be available through November 21, 2018. About Cision  Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 19 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Investor Contact:  Jack Pearlstein  Chief Financial Officer  Jack.Pearlstein@cision.com Media Contact:  Nick Bell  Vice President, Marketing Communications and Content  CisionPR@cision.com Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-10-29 20:30

Cision Chief Insights Officer Mark Weiner Wins PR Lifetime Achievement Award

CHICAGO, Sept. 24, 2018 /PRNewswire/ -- Cision®  (NYSE: CISN) today announced that Mark Weiner, Chief Insights Officer at Cision, has received the prestigious Jack Felton Medal for Lifetime Achievement for contributions in the advancement of research, measurement and evaluation in public relations and corporate communication. This yearly award given by The Institute for Public Relations (IPR) recognizes individuals who epitomize the philosophic perspectives of Jack Felton, former CEO of IPR who valued research and measurement in the advancement of public relations as a profession. Weiner will receive the award at the IPR Annual Distinguished Lecture and Awards Dinner on November 28, 2018 in New York City.   Mark Weiner, Chief Insights Officer, Cision. "The high esteem in which I hold the honor is underscored by my personal and professional admiration for Jack Felton. I'm grateful to the Institute for Public Relations for recognizing my lifetime commitment to our profession," said Weiner. "I am particularly obliged to my colleagues and the clients we serve, from whom I continue to learn." Weiner joined Cision through the company's acquisition of PRIME Research, where he was CEO Americas. As Chief Insights Officer, Weiner will be focused on helping position and drive Cision's outstanding services offerings via Cision Insights, including human-based analysis and machine learning. Weiner brings to Cision his years of experience and steadfast record of helping brands demonstrate a positive return on their investment in corporate and brand communications. Weiner is a prolific author, lecturer and thought leader in the public relations and corporate communications profession. His book titles include "Unleashing the Power of PR: A Contrarian's Guide to Marketing and Communication" published by John Wiley & Sons. His latest whitepaper entitled "Earned Media Uprising: Power PR With A True Approach To Measurement." "Mark is a truly accomplished leader in our industry, with a range of diverse and impactful achievements from the brand side, agency side and the technology side," said Kevin Akeroyd, Cision CEO. "We are pleased to have him as part of the Cision family." Weiner is a member of the Arthur Page Society and sits on the Board of Directors for the Institute for Public Relations, for whom he leads its Commission on Measurement and Evaluation. He is a trustee of the Museum of Public Relations and a member of the University of Florida's Public Relations Advisory council. About Cision  Cision Ltd. (NYSE : CISN ) is a leading global provider of earned media management software and services to public relations and marketing communications professionals. Cision's software allows modern communicators to target key influencers, distribute strategic content, track and measure meaningful impact through text and images. Cision has over 4,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com.  Media Contacts: U.S. Laura Roman Director of Corporate Communications, Cision CisionPR@cision.com Photo - https://mma.prnewswire.com/media/748346/Cision_Chief_Insights_Officer_Mark_Weiner.jpg  Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-09-24 20:30

Cision Ltd. Announces Pricing of Secondary Offering

CHICAGO, Sept. 13, 2018 /PRNewswire/ -- Cision Ltd. (NYSE: CISN) today announced the pricing of an underwritten public offering of 12,000,000 ordinary shares by certain selling shareholders at a public offering price of $16.00 per share.  The offering is expected to close on September 17, 2018, subject to customary closing conditions. In addition, the selling shareholders have granted a 30-day option to the underwriters to purchase up to an additional 1,800,000 ordinary shares at the public offering price less the underwriting discount.  Cision is not selling any ordinary shares in the offering and will not receive any proceeds from the offering by the selling shareholders. Deutsche Bank Securities, Citigroup and Goldman Sachs & Co. LLC are acting as lead book-running managers of the offering. Additional joint book-running managers are Baird, BMO Capital Markets, RBC Capital Markets and SunTrust Robinson Humphrey. Cowen, William Blair, CJS Securities and LUMA Securities are acting as co-managers of the offering. A registration statement on Form S-3 (including a prospectus) relating to these securities was filed with and declared effective by the Securities and Exchange Commission (the "SEC"). The offering of these securities is being made solely by means of a prospectus supplement and the accompanying prospectus.  Copies of the final prospectus supplement and the accompanying prospectus relating to the offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 800-503-4611 or by email at prospectus.cpdg@db.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains forward-looking statements with respect to the public offering, which are subject to substantial risks, uncertainties and assumptions, including but not limited to the closing of the public offering. You should not place reliance on these statements. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or similar expressions. These statements are based on certain assumptions that Cision and its management have made in light of perceptions of expected future developments and other factors Cision and its management believe are appropriate in these circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. Many factors could affect Cision's actual performance and results and could cause actual results to differ materially from those expressed in the forward-looking statements, including, among others, risks and uncertainties related to the capital markets, the satisfaction of customary closing conditions related to the public offering and other factors set forth in Cision's filings with the SEC, including those factors identified under the heading "Risk Factors" in Cision's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2018. All forward-looking statements attributable to Cision or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Cision undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Investor Contact: Jack Pearlstein Chief Financial Officer Jack.Pearlstein@cision.com Media Contact: Nick Bell Vice President, Marketing Communications and Content CisionPR@cision.com Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-09-13 07:21

Cision Ltd. Announces Proposed Offering of 12,000,000 Shares by Selling Shareholders

CHICAGO, Sept. 12, 2018 /PRNewswire/ -- Cision (NYSE: CISN) today announced the commencement of a proposed underwritten public offering of 12,000,000 ordinary shares by certain selling shareholders. Cision is not selling any ordinary shares in the offering and will not receive any proceeds from the offering by the selling shareholders. In addition, the selling shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares at the public offering price less the underwriter discount.  Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are acting as lead book-running managers of the proposed offering. A registration statement on Form S-3 (including a prospectus) relating to these securities was filed with and declared effective by the Securities and Exchange Commission (the "SEC").  A preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering have been filed by Cision with the SEC and are available on the SEC's website at www.sec.gov.  Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 800-503-4611 or by email at prospectus.cpdg@db.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com.   The offering of these securities is being made solely by means of a prospectus supplement and the accompanying prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains forward-looking statements with respect to the proposed public offering, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or similar expressions. These statements are based on certain assumptions that Cision and its management have made in light of perceptions of expected future developments and other factors Cision and its management believe are appropriate in these circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. Many factors could affect Cision's actual performance and results and could cause actual results to differ materially from those expressed in the forward-looking statements, including, among others,  risks and uncertainties related to the capital markets and other factors set forth in Cision's filings with the SEC, including those factors identified under the heading "Risk Factors" in Cision's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2018. All forward-looking statements attributable to Cision or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and Cision undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Investor Contact: Jack Pearlstein Chief Financial Officer Jack.Pearlstein@cision.com Media Contact: Nick Bell Vice President, Marketing Communications and Content CisionPR@cision.com Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg   Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-09-12 05:41

PR Newswire Expands Online Distribution Network in Vietnam with The Saigon Times

HO CHI MINH CITY, Vietnam, July 18, 2018 /PRNewswire/ -- PR Newswire - the premier global provider of news release distribution and media monitoring services, has entered into an online content partnership with the Saigon Times Group, a top-tier media outlet in Vietnam. This partnership further expands PR Newswire's extensive news network in the South East Asian region, offering more opportunities for global organizations targeting the Vietnam market, and Vietnamese companies looking to go-global with their news. Press releases distributed through PR Newswire will be published on the English-language website of the Saigon Times Group, providing readers with a wide variety of relevant news stories.  "Vietnam is an incredibly important market experiencing a surge in demand for newswire services. This partnership -- along with our newly established local office -- will greatly expand our customers' reach and help them to better engage with their target audience," said Mai Anh Le, Branch Manager, PR Newswire Vietnam. "PR Newswire is committed to continuing investing and expanding our media distribution network in Vietnam, which also includes a partnership with the national news agency -- Vietnam News Agency," added Mai Anh Le.   The Saigon Times Group and PRNewswire "The Saigon Times Group is pleased to partner with PR Newswire to give our readers greater and faster access to high-quality international news centered on business, trade and investment. This is how we strive to constantly enhance our service for our valued readers," added Pham Huu Chuong, deputy editor-in-chief of the Saigon Times Group. PR Newswire offers a robust and comprehensive media distribution network covering more than 300,000 media outlets across 170 countries in over 40 languages. Currently, in Asia-Pacific alone, PR Newswire's distribution network reaches more than 84,000 journalists and influencers from more than 29,000 media outlets and 6,000 websites. Its key media and website partners in Asia-Pacific include Yahoo! Finance, AsiaOne (Singapore), United Daily News (Taiwan), ET Net (Hong Kong), Daily Express (Malaysia), Journal Online (Philippines) and Netral English (Indonesia). PR Newswire also has exclusive partnerships in place with notable news agencies such as Kyodo News (Japan), Yonhap News Agency (South Korea), Australian Associated Press and InfoQuest (Thailand). About PR Newswire    PR Newswire (www.prnasia.com), a Cision company, is the premier global provider of media monitoring platforms and news distribution services that marketers, corporate communicators and investor relations professionals leverage to engage key audiences. Having pioneered the commercial news distribution industry since 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world's largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions. About The Saigon Times The Saigon Times (http://english.thesaigontimes.vn/) is a Vietnamese media organization based in Ho Chi Minh City with five Vietnamese -- Thoi Bao Kinh Te Saigon, Thoi Bao Kinh Te Saigon Online, Saigon Tiep Thi, Saigon Tiep Thi Online, Thoi Bao Vi Tinh Saigon (Computerworld Vietnam), and two English language publications -- The Saigon Times Daily and The Saigon Times Weekly. Its flagship publication is Thoi Bao Kinh Te Saigon, the most widely read weekly economics and business news magazine in the Vietnamese language. The Saigon Times Daily is one of Vietnam's two prominent English-language dailies, with over 136,000 unique monthly website visits and an offline circulation of 20,000 copies. The Saigon Times Weekly has 30,000 copies in weekly offline circulation numbers. The Saigon Times primarily provides coverage on the local economic and social scene with its main readership based in Ho Chi Minh City, Hanoi and other major cities of Vietnam. For further information, please contact: PR Newswire's Asia Marketing Team  +852-2572-8228 asia.marketing@prnasia.com Photo - https://photos.prnasia.com/prnh/20180717/2188863-1 Source: PRN Asia Hong Kong Related Links: http://www.prnasia.com

2018-07-18 10:23

PR Newswire expands its Asia-Pacific footprint with new office opening in Vietnam

HONG KONG, June 14, 2018 /PRNewswire/ -- PR Newswire -- the premier global provider of news release distribution and media monitoring services, has expanded its Asia-Pacific footprint with the opening of a new office in Ho Chi Minh City, Vietnam. The expansion is in response to the growing demand for international communications services and media monitoring solutions from Vietnamese companies and organizations. Vietnam's development for the past 30 years has been remarkable and will remain a priority for investors. According to a Vietnam Briefing report published in January 2018, the nation's GDP in 2017 grew 6.81 percent and its FDI, driven by investments from Japan, South Korea, and Singapore, reached a record high of US$35.6 billion.  Skyline of Ho Chi Minh City at night "With the opportunities in Vietnam, we've seen an increase in demand for news dissemination channels from global customers sending corporate news to the Vietnam market, as well as from Vietnamese businessessending news globally. With the opening of our Vietnam office, we can better support companies in Vietnam and provide tailored and effective global news dissemination and media monitoring solutions to them." said Royce Shih, Vice President, Sales and Marketing of PR Newswire, Asia-Pacific. Having pioneered the commercial news distribution industry more than 60 years ago, PR Newswire has the world's largest media and influencers network, with over 300,000 media points spanning across 170 countries and over 40 languages. "We hope to continue building solid relationships with Vietnamese enterprises by providing them with quality service and stronger local support," said Mai Anh Le, Branch Manager, PR Newswire Vietnam. "Being a global leader in the communications field, we provide clients with news release distribution services, multimedia solutions, access to our media influencer database, content writing and media monitoring services. We also plan to conduct regular customer engagement activities that enable Public Relations, Marketing, and Investor Relations professionals togather insights and build relationships with leading media organizations,"added Mai Anh. PR Newswire is committed to continuing building its comprehensive media distribution network in Vietnam which includes a partnership with the national news agency -- Vietnam News Agency. PR Newswire recently secured a new online media partner, The Saigon Times. The Saigon Times is a prominent online news sites in Vietnam, readextensively among business executives, policy-makers, as well as domestic and foreign investors. About PR Newswire PR Newswire (www.prnasia.com), a Cision company, is the premier global provider of media monitoring platforms and news distribution services that marketers, corporate communicators and investor relations professionals leverage to engage key audiences. Having pioneered the commercial news distribution industry since 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world's largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions. For further information, please contact: PR Newswire's Asia Marketing Team  +852-2572-8228  asia.marketing@prnasia.com

2018-06-14 17:20

Cision State of the Media Report Reveals Rising Public Trust Amidst Journalism's Fake News Battle

-Report findings focus on key challenges impacting journalists today, including accuracy, credibility and trust CHICAGO, April 26, 2018 /PRNewswire/ -- To uncover the biggest trends and challenges facing the media industry, Cision (NYSE: CISN) released its 2018 State of the Media Report, revealing that fake news continues to be a major concern for journalists around the world, emerging for the second year in a row. In fact, 56 percent of global respondents said fake news is making readers more skeptical about all the content they read. However, this situation is helping increase the importance of journalistic standards. For example, 75 percent globally said ensuring content is 100 percent accurate is most important to their organization - more so than being first to publish a story. Only 10 percent said the same thing about being first to publish, a three percent decrease from 13 percent in 2017.         Cision Photo #1     Cision Photo #2 The report features these findings from a global survey of 1,355 journalists and influencers focused on their perception of the media and communications industries. Cision's annual report highlights key issues occupying the mindshare of traditional media and influencers to help communications and PR professionals drive better media engagement and results. Another major concern for journalists is trust, stemming from the proliferation of fake news and misinformation. When asked if the public had lost or gained trust in the media over the last year, 71 percent said they thought the public had lost trust. However, this number saw a 20 percent decrease from 91 percent in last year's survey. "It's been both an extraordinary and challenging year for journalism - with the constant accusations of fake news, anti-media sentiment coming from many of the world's politicians and a seemingly overwhelming supply of competing content. The profession has never been under such stressful times," said Cision CEO Kevin Akeroyd. "As tested as the industry has been, it's both surprising and hopeful that this year's findings show signs that many in the industry feel that the public is slowly but surely supporting mainstay journalistic institutions again. In order to continue this positive momentum, brands and journalists must work together to tell engaging, credible and accurate stories that will resonate with the public and continue to help regain trust." Other key report findings include: Media continue to turn to trusted PR professionals for accurate, newsworthy information: When it comes to what journalists want from their PR contacts, 63 percent said news announcements and press releases. Furthermore, almost half (44 percent) of media said a press release is their most trustworthy source of brand-related information. To make a press release more effective, 45 percent of media recommended communications and PR professionals have a clearly stated news hook and 27 percent recommended writing in a conversational tone and avoiding jargon. Artificial intelligence (AI) and smart technology will continue to transform the media industry: When asked what technology they think will change the way they work the most, 34 percent of media said updated social media algorithms; 26 percent said better and cheaper video production technology and 21 percent said AI and machine learning on the back-end. To read the full Cision 2018 State of the Media Report, click here. About Cision  Cision Ltd. (NYSE:  CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contact:  Laura Roman  Director, Corporate Communications  cisionpr@cision.com Photo - https://photos.prnasia.com/prnh/20180426/2115950-1-a  Photo - https://photos.prnasia.com/prnh/20180426/2115950-1-b

2018-04-26 16:23

Cision® Wins Gold in 2018 Bulldog Awards for Excellence in PR Measurement

Leading provider of data-driven software and services for communications professionals receives industry award for recognition in superior PR measurement CHICAGO, April 9, 2018 /PRNewswire/ -- Cision (NYSE: CISN) announced today it has been recognized as the gold winner in the 2018 Bulldog PR Awards in the category of PR measurement. The Bulldog Awards celebrate the best and brightest in corporate communications and public relations.   "It is an honor to receive this prestigious accolade from a prominent industry leader such as the Bulldog Reporter," said Kevin Akeroyd, Cision CEO. "We are proud to be recognized in the category of excellence in PR measurement as Cision strives to provide our customers with the tools to quantify earned media's impact and ROI." The 2018 Bulldog PR Awards program recognizes outstanding PR and communications campaigns from 2017. Having received a record-breaking number of entries this year, it is the only PR awards program judged exclusively by journalists. The category of PR measurement recognizes innovation or brilliant problem solving in measurement methods to prove the impact and outcomes of a communications campaign. Cision Intelligence received product recognition for delivering superior PR measurement capabilities for the Stroke Association's New Era for Stroke campaign. Cision Intelligence allowed the charity organization to build its campaign based on tangible data and establish a measurement system ensuring effectiveness throughout the planning and execution stages. With rich monitoring and analytics, Cision Intelligence delivered the needed insights to tie the Stroke Association's campaign to strategic business objectives. The Bulldog Reporter has been providing news, best practices and insights to PR and communications professionals since 1980. Filled with insights on topics critical to PR pros and communicators, including media relations, crisis communications, influencer marketing and many other topics. The Bulldog PR Awards are a combination of Bulldog's Digital, Social Media and Media Relations awards programs, with a number of categories for those in the Non-profit and Social Responsibility arena. For a full list of gold, silver and bronze 2018 Bulldog award winners, click here. About Cision  Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contact Nick Bell VP, Marketing Communications CisionPR@cision.com Photo - https://mma.prnewswire.com/media/663740/Cision_Bulldog_Award.jpg  Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-04-09 18:30

Cision Empowers Communications Professionals to Optimize Social Channel Engagement

In addition, Cision Communications Cloud helps communicators track and measure the impact of their earned media campaigns on their websites with updated integrations to Google Analytics and Adobe Analytics CHICAGO, Jan. 16, 2018 /PRNewswire/ — Today, Cision (NYSE: CISN) announced new enhancements to the Cision Communications Cloud® that allow comms professionals to make more data-driven decisions and improve engagement with their audiences across channels. The latest enhancements include expanded data analysis around social engagement and robust data integrations with Google Analytics and Adobe Analytics. With these new features, comms professionals can gain insight into audience sentiment and behavior, empowering them to craft more relevant messaging and campaigns. Integrate web data from Google Analytics and Adobe Analytics into Cision Communications Cloud to determine how PR coverage is driving web traffic and business results. “Social media needs to be woven into the workflow of today’s communications professionals,” said Kevin Akeroyd, Cision CEO. “With these enhancements to the Cision Comms Cloud™, we’re arming comms teams with the insight and social data they need to make more informed decisions about their messaging and deliver better campaigns.” Leverage new enhancements to identify key social influencers, their impact on target audiences, and attribute value to social campaigns. The Cision Comms Cloud delivers a comprehensive, end-to-end platform for comms teams to identify influencers, craft campaigns, and attribute value for their work. With the latest release of Cision Communications Cloud, comms pros will now be able to: Gain insight faster with expanded data analysis for social engagement: In this new release, comms pros can view all social posts from a single interface, while sorting posts by a number of relevant statistics, including an author’s follower count, likes, comments, and shares linked to an individual social post. Users can then analyze and chart this data to easily pinpoint which influencers and journalist conversations are most impactful to their overall brand. In addition, comms pros can also identify specific coverage that sparked trending and viral posts, helping to inform their content and social strategy moving forward. These features appear alongside other core workflow features in the Cision Comms Cloud, such as monitoring media coverage, distributing press releases, and emailing influencers directly. Cision Communications Cloud, created with the comms professional in mind, empowers teams to not only identify the number of likes or shares linked to a social post, but delivers insight into who they are, their influence, and further engagement they have generated. It is this type of data that is most valuable when it comes to evaluating whether news coverage is reaching the right audience, engaging readers, and ultimately impacting bottom-line results. Take advantage of robust data integration with Google Analytics and Adobe Analytics: Cision has made the use of website analytics a straight-forward and time-efficient process, by building a system that correlates all Google Analytics and Adobe Analytics website traffic data with over 400,000 news outlets via Cision Monitoring. The segmentation of websites provides a quick, but robust view of how PR coverage is driving visitors to company websites and business into the sales funnel.  With Cision’s latest enhancements, comms pros will now be able to utilize new metrics from Google Analytics and Adobe Analytics that span from data around page views and bounces to orders and revenue, empowering communicators to gain further insight into the impact of their earned media efforts. Current Cision Communications Cloud clients can contact their account representatives for more information about these new features. To learn more about the Cision Communications Cloud click here.

2018-01-16 00:00

Cision Welcomes Former Adobe Executive as Chief Technology Officer

Industry veteran Pritham Shetty joins global provider of earned media software and services CHICAGO, Jan. 8, 2018 /PRNewswire/ -- Cision (NYSE: CISN) today announced it has hired Pritham Shetty as chief technology officer. As a former executive at Adobe, Pritham brings extensive experience in the digital marketing industry and will work to continue building out Cision's data and technology offerings. Pritham will oversee Cision's global software development teams and lead the company's technology roadmap and operations. "This is an exciting time for Cision. The ascension of earned media asmission criticalfor any company has underscored the importance of measuring its true impact on business results," said Pritham. "I look forward to leveraging my experience in the broader marketing industry to amplify and build upon the breakthrough products in earned media that Cision has historically provided to communications professionals globally." Pritham most recently served as senior vice president of product and technology at GuideSpark, a leader in employee communication software, leading product strategy as well as cloud planning and execution. Prior to GuideSpark, Pritham held a 15-year tenure at Adobe holding a number of executive level positions including vice president of product development. Pritham managed a global team of over 450 engineers and led product strategy and execution for various offerings including Adobe Core Services, Adobe Audience Manager and Adobe Primetime for the Adobe Digital Marketing Cloud.     "Without a doubt, Pritham's impressive experience and operational prowess will help continue to fuel Cision's growth and scale," said Kevin Akeroyd, CEO of Cision. "As CTO, Pritham will be instrumental to the executive leadership team as we continuously strive to innovate our earned media measurement technology, products, and comms cloud platform to shape and drive the future of the communications industry." About Cision Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 3,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision. Media Contact  Nick Bell  VP, Marketing Communications   CisionPR@cision.com Logo - https://mma.prnewswire.com/media/467136/cision_logo.jpg Source: Cision Related stocks: NYSE:CISN Related Links: http://www.cision.com

2018-01-08 21:00
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