Cxense Expands Global Customer Base and Executive Staff

2 years
    Press Release

OSLO, August 26, 2014 – Cxense (OSE: CXENSE) today announced a significant expansion of its customer base worldwide, an increase in quarterly revenues of 246% vs. Q2 2013 (reaching USD $3.44 million), the addition of four new executives, a new corporate headquarters, an expanded US hub in New York and a listing on the Oslo Stock Exchange as of July 1, 2014. Cxense helps publishers gain unique insights into their audience, and use this information to increase digital advertising revenue, boost reader engagement and increase paid digital subscriber numbers. New customers that began working with Cxense during the past quarter include: • North America – Winnipeg Free Press (Canada) • South America – Jornal Metro (Brazil) • Europe – Eniro (Denmark & Norway), TV2 (Denmark), Legeforeningen (Norway), Gota Media (Sweden), Citigate (Sweden), and Reisegiganten (Norway) • Asia – All About (Japan), Shueisha (Japan), and Rappler (Philippines) Cxense also broadened the scope of existing agreements with the following customers: • Europe – Polaris Media (Norway), Västerbottens Kuriren (Sweden) • Africa – Times Media (South Africa) • Asia – AEON (Japan), Disco (Japan), DMM.com Lab (Japan), and Infobahn (Japan) “Cxense is changing the playing field for media companies by helping them use their audience data for their own financial gain and the benefit of their readers,” said Raman Bhatnagar, CEO of Cxense. “Our growth and expanded relationships with existing customers prove that our solutions deliver results for businesses worldwide.” Four new sales vice presidents – three in the US – join more than 100 Cxense employees in 13 locations worldwide. The New York office has seen rapid expansion, catering to a significant increase in requests from US media companies. In addition to the new sales staff, Cxense in New York has also added customer onboarding and customer success resources, as well as business best practices consulting. “We’re bringing on the highest-quality talent to introduce publishers to our suite of tools that gather, analyze and leverage audience data,” added Bhatnagar. “These strong additions to our team are experts in their field, and they’ll be instrumental in our ongoing effort to help publishers take back control of their data, and as a result, their profits.” About Cxense Cxense (pronounced "see-sense”) helps businesses succeed in a digital world. Using audience data and advanced real-time analytics, Cxense creates hyper-relevant content recommendations, targeted advertising and predictive search that help increase digital revenue for publishers, and provide users with a better experience. By capitalizing on Big Data to match user preferences and create unprecedented personalization online, publishers gain more engaged and loyal readers, higher advertising revenue and increased digital subscribership. Cxense is a global company headquartered in Oslo, Norway, with offices in Buenos Aires, Copenhagen, London, Madrid, Melbourne, Miami, New York, Rio de Janeiro, San Francisco, Singapore, Stockholm, and Tokyo. Customers include AEON Group, Aller Media, Alma Media, Amedia, Archant, A. H. Belo Corporation, Bonnier, Dow Jones/Wall Street Journal, El Comercio, The Economist, Egmont, Eniro, Globo, Local World, Morris Communications, MTG, Naspers, Nippon Television, Polaris Media, Rakuten, Grupo RBS, Ringier, Schibsted, Summit Media, Tamedia, VOYAGE GROUP and Yomiuri. Cxense is listed on the Oslo Stock Exchange with the ticker CXENSE. More information at www.cxense.com or follow us on Twitter @Cxense.