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CHICAGO: Cision has introduced Premium Energy and Environment Media Profiles, providing expanded details about journalists or influencers in the energy and environmental space. The enhanced profiles include biographical information, filing deadlines, audio interviews, and Twitter handles where available.
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STOCKHOLM: Peter Granat was promoted to the newly created position of European CEO as part of Cision’s global corporate reorganization. Granat will move to London to assume this new role, vacating his position as EVP of Cision North America. Cision’s European subsidiaries will be combined under the umbrella Cision Europe, led by Granat. In addition to Granat, the four-person executive team will include Joe Bernardo, Cision’s CEO of North America; Hans Gieskes, corporate CEO of Cision Group; North American CEO Joe Bernardo; and Cision CFO, Erik Forsberg.
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CHICAGO: Cision has partnered with Radian6 Technologies to launch two services. The Cision Social Media Dashboard offers clients a self-service, online portal for real-time social media coverage, as well as reporting and analysis. The Cision Social Media Daily Reports provides a twice-daily e-mail report with social media coverage information. Both services monitor blogs, social networks, and other social media outlets including Twitter, MySpace, and LinkedIn.
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STOCKHOLM: Cision’s third quarter earningsreported today, October 23, show a 3% drop in organic growth in local currency, the Swedish kroner. Operating revenue totaled $167.2 million with an exchange rate that negatively impacted revenue by $8.64 million. Cision recently appointed a new CEO, Hans Gieskes. At the same time it had announced that it anticipated poor Q3 results. As stated previously, the results attribute the poor showing to the UK business, which had an operating cash flow of $10.7 million, a drop of $386,653.
“Cision’s results during the first none months of the year was disappointing, mainly due to the ongoing challenges in the UK operations,” Gieskes said in the statement. “Turning the UK business around is the top priority for me during my initial time at Cision, focusing on returning the region to organic growth in parallel with reviewing further cost cuts.”
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CHICAGO: Cision launched a series of upgrades to its CisionPoint software platform, including automatic translation of 23 foreign languages and enhanced contact management. The software was developed in the US, and the company is now rolling out the upgrades to customers worldwide.
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STOCKHOLM: Cision’s board of directors replaced its CEO ahead of third quarter earnings that the company described as “unsatisfactory.” It appointed Hans Gieskes as CEO, effective immediately, replacing Niklas Flyborg, who held the position since February 2006. Gieske is a former CEO of LexisNexis.
Cision attributes the upcoming poor results to “weak performance in the UK” due to production disruptions, and says US operations have been impacted by a “weaker US economy and a slower development for broadcast monitoring.”
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STOCKHOLM: Cision’s acquisition by Cyril Acquisition and its private equity firm Triton is still pending after an already extended acceptance deadline was extended. The original acceptance period expired June 2; the extension expired June 12. There’s been no word about what has caused the delay.
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STOCKHOLM: Cyril Acquisition, the holding company for European private equity firm Triton, has extended Cision’s acceptance deadline to June 12. Cyril announced a public offer to acquire Cision on April 30; the original acceptance period expired earlier this week, June 2. With the extension, Cyril Acquisition has until June 16 to announce that all conditions of the offer have been satisfied or waived and settlement will begin June 19. In the interim, all original conditions of the offer will apply.
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CHICAGO: Cision launched three new editions to its CisionPoint platform today: CisionPoint Enterprise, CisionPoint Professional, and CisionPoint Small Business. All of the new versions include a personalized dashboard and the Bacon’s North American Media Database, a research resource. CisionPoint Small Business also includes fax/e-mail distribution options; CisionPoint Professional, designed for communications teams at businesses and PR firms, includes all of the small business elements plus Web distribution, SEO capabilities, contact management functionality, and monitoring features; and CisionPoint Enterprise, designed for organizations spread across geographies, includes more advanced versions of all the elements listed above. The original CisionPoint Web 2.0 software was introduced in October 2007.
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