Cision divests subsidiary in Lithuania

Cision divests subsidiary in Lithuania

Cision has today sold all the shares of its subsidiary in Lithuania to Baltic
News Service (BNS), a leading Baltic news agency and media information company,
owned by the Alma Media group. Cision Lithuania had revenues of about SEK 9
million in 2008 and currently employs 43 people. Cision Lithuania's business has
been focused on the Monitor and Analyze service areas. 


Cision and BNS have also entered into a supply agreement regarding Baltic
monitor content and analysis services. The purchase price was about SEK 6
million on a cash and debt free basis, paid on October 1, 2009. The divestment
will not have a significant impact on the Cision Group's operating profit in
2009. 

“The divestment of our Monitor and Analyze business in Lithuania is another step
for Cision towards transforming its business, in accordance with previously
announced divestments in Denmark, Norway, Sweden and the UK earlier this year.
Increasingly, Cision is moving towards a business model with a more attractive
service and revenue mix, delivered through our award-winning software platform
CisionPoint” says Hans Gieskes, CEO of the Cision Group.

For further information, please contact: 
Hans Gieskes, President and CEO 
Telephone: +46 8 507 410 11 
E-mail: hans.gieskes@cision.com 

Erik Forsberg, CFO 
Telephone: +46 8 507 410 91 
E-mail: erik.forsberg@cision.com 

Cision AB 
SE-114 88 Stockholm 
Telephone: +46 8 507 410 00 
www.cision.com 


Cision empowers businesses to make better decisions and improve performance
through its CisionPoint software solutions for corporate communication and PR
professionals. CisionPoint was named the 2009 CODiE Award winner for Best Online
News Service by the Software and Information Industry Association (SIIA).
Powered by local experts with global reach, Cision delivers relevant media
information, targeted distribution, media monitoring, and precise media
analysis. Cision has offices in Europe, North America and Asia, and has partners
in 125 countries. Cision AB is quoted on the Nordic Exchange with a turnover of
SEK 1.8 billion in 2008.