Tag Archives: Africa

Bombardier CRJ Series Certified for Higher Maintenance Intervals

MONTREAL, Sept. 24, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft announced today that the Federal Aviation Agency (FAA) has granted approval for the maintenance intervals escalation of the CRJ700, CRJ900 and CRJ1000 aircraft. The line maintenance interval (A-check) is extended to 800 flight hours, and the heavy maintenance interval (C-check) at 8,000 flight hours.

“With the longest maintenance intervals on the regional jet market, the CRJ aircraft family continues to deliver more value to operators, along with its excellent reliability and its proven outstanding operational capability”, said Charles Comtois, Head of CRJ Series Program, Bombardier Commercial Aircraft. “We are thrilled that our operators are benefitting from our continuous improvement mindset as with this evolution, the CRJ Series operators can now take advantage of 14 per cent less maintenance days, meaning more days of revenue flying.”

The maintenance intervals have doubled since the launch of the CRJ aircraft family. The new maintenance intervals are applicable for new production deliveries as well as all CRJ700, CRJ900, and CRJ1000 aircraft in service.

About Bombardier
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors
An image of a CRJ900 aircraft in the Bombardier livery is posted with this news release at bombardier.com

The CRJ Series aircraft backgrounder is available in the BCA Media Hub.

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier’s Website.

Bombardier, CRJ700, CRJ900, CRJ1000 and CRJ Series are trademarks of Bombardier Inc. or its subsidiaries.

For Information
Nathalie Siphengphet
Head of Communications and Public Relations
Bombardier Commercial Aircraft
+1 416-375-3030
nathalie.siphengphet@aero.bombardier.com
www.bombardier.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/96017abf-0d4c-44b7-95d2-8b36130188f2

Flashpoint Global Channel Program Welcomes New Talent to Accelerate Growth in EMEA Region

Appointment of Industry Veteran Reinforces Company’s Commitment to Partnerships, International Expansion

NEW YORK, Sept. 19, 2018 (GLOBE NEWSWIRE) — Flashpoint, the global leader in Business Risk Intelligence (BRI), today announced that industry veteran Roy Pickard has joined the company as channel sales manager for Europe, the Middle East and Africa (EMEA). His appointment as the first EMEA-based member of the Flashpoint Global Channel Program (GCP) team marks the latest international milestone for the company, following its successful expansion in Asia Pacific and Latin America earlier this year.

Pickard brings more than two decades of experience forging lasting partnerships and strengthening channel portfolios at esteemed security and technology enterprises including Resolve Systems, Tufin, Carbon Black, FireEye, Safenet Inc., and TrendMicro. At Flashpoint, he will lead recruitment, development, and enablement initiatives for channel partners throughout EMEA.

Given the immense size and diversity of the EMEA market, Pickard’s extensive insight into the needs and challenges of the region’s resellers, distributors, and their customers will be particularly impactful during this pivotal time for the Flashpoint Global Channel Program.

Ever since it was officially announced in September 2017, the program has more than doubled its number of partners, earned a 5-star rating in CRN’s 2018 Partner Program Guide, and was honored when its Director of Global Channels, Ayesha Prakash, was named to CRN’s prestigious 2018 Women of the Channel list. By augmenting the Global Channel Program team with additional top-tier talent, Pickard will play a key role in extending the benefits of BRI to even more organizations worldwide.

“We are thrilled to be further ramping up the presence of our Global Channel Program in EMEA. Not only will Roy’s extensive experience bolstering channel portfolios provide Flashpoint with ample opportunity to forge and develop lasting partnerships in the region, it will also enable us to empower even more organizations with the meaningful intelligence they need to combat the threats and adversaries they face,” said Brian Costello, SVP Global Sales and Solution Architecture, Flashpoint.

About Flashpoint
Flashpoint delivers Business Risk Intelligence (BRI) to empower organizations worldwide with meaningful intelligence and information that combats threats and adversaries. The company’s sophisticated technology, advanced data collections, and human-powered analysis uniquely enables large enterprises and the public sector to bolster cybersecurity, confront fraud, detect insider threats and build insider threat programs, enhance physical security, improve executive protection, and address vendor risk and supply chain integrity. Flashpoint is backed by Georgian Partners, Greycroft Partners, TechOperators, K2 Intelligence, Jump Capital, Leaders Fund, Bloomberg Beta, and Cisco Investments. For more information, visit https://www.flashpoint-intel.com/ or follow us on Twitter at @FlashpointIntel.

PR Contact:
CHEN PR
Jennifer Torode
jtorode@chenpr.com
781.672.3119

RF IDeas Announces New Embedded and Mobile Credential Readers for Healthcare at HIMSS 2018

ROLLING MEADOWS, Ill., March 05, 2018 (GLOBE NEWSWIRE) — RF IDeas Inc., a leading innovator and manufacturer of employee RF credential readers for in-building applications such as computer access, identification, secure pull print, time and attendance will showcase  its new OEM and Embedded Readers and its Mobile Credential Readers with Bluetooth® low energy technology.

RF IDeas will showcase the following products and solutions:

  • RF IDeas pcProx® Plus BLE for Mobile Credentials:  RF IDeas will be demonstrating its  Bluetooth® low energy technology reader now compatible with the OrangeTM Pack ID mobile credentials as an example of how users of identity access management solutions can leverage their smartphone instead of a physical badge.
  • RF IDeas New First-in-Class OEM and Embedded Readers including: pcProx® Plus Embedded dual-frequency reader, pcProx® 125 kHz Nano reader, pcProx® 13.56 MHz Nano reader and the pcProx® Plus SP reader with multiple installation options.

In addition to these credential reader demonstrations, RF IDeas will showcase innovative healthcare authentication solutions with the following partners: HP®, KSILRS™, Micro Focus®PharosSerial IO and Sharp®. RF IDeas also will present “Leading the Way with Innovation” at the HP booth #2837 highlighting the use of pcProx Plus embedded readers for healthcare.

In the Innovation Live Pavilion (booth # 9900-72) RF IDeas will be demonstrating its pcProx Plus BLE reader working in tandem with the ShoBadge© patented Identity Management solution by ShoCardTM  which allows healthcare providers to meet healthcare security compliance guidelines through the use of blockchain technology.

“At this year’s HIMSS, we are focusing on expanding the possibilities of RFID technology for healthcare,” said David Cottingham, President of RF IDeas. “Through our strategic partnerships, we are excited to showcase solutions that increase efficiency, streamline accountability and offer protection to the healthcare market.”

HIMSS18 is the Healthcare Information and Management Systems Society’s annual conference and exhibition held in Las Vegas on March 6-8. RF IDeas and its partners will present in booth #3265.

Learn more about RF IDeas readers here.

About RF IDeas

RF IDeas, Inc. is a leader in the employee badge and card reader space for healthcare, manufacturing, government and enterprise. Partnering with leading technology companies, RF IDeas readers enable innovative solutions for single sign-on, secure printing, attendance tracking and other applications that require authentication. RF IDeas is a subsidiary of Roper Technologies. For more information about RF IDeas solutions, visit the Knowledge Center at https://www.rfideas.com/knowledge-center.

RF IDeas® and pcProx® are registered trademarks of RF IDeas, Inc. All other trademarks, service marks and product or service names are property of their respective owners.

Media Contact

Arlene King
Marketing Manager
Ph: (866) 439-4884 Ext: 480
E: Marketing@RFIDeas.com

KHC acquires 7% stake in Careem for $62M

RIYADH, Saudi Arabia, June 15, 2017 /PRNewswire/ — Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in Careem through a Secondary Share purchase as well as participating in the latest Primary Round E-1 Capital Raise amounting to a total transaction value of $62M. The transaction makes KHC one of the largest holders of Preferred Shares in Careem and will grant KHC a board seat on Careem’s board of directors.

KHC’s CEO Eng. Talal Ibrahim Al Maiman: “Our investment in Careem is a continuation of our strategy to invest in new technologies as we have done with our investments in Twitter, JD.com and Lyft. As the leading ride hailing company in the region, and positioned with excellent growth prospects, Careem sets an example for regional businesses by providing employment opportunities to locals and developing talent.”

Eng. Al Maiman continued: “KHC has nominated its current CFO Mohamed Fahmy Soliman to represent KHC on Careem’s board.”

Operating in more than 80 cities in the broader region, Careem’s growth trajectory has continued over the past six months: the ride-hailing service launched operations in Turkey, doubled its number of operational cities in Pakistan, is operational in more than 50 cities in KSA and has re-entered Abu Dhabi and Sharjah. In addition to expansion, a series of strategic innovations has seen Careem integrate with Google Maps and Digital Barriers – world leading facial recognition software and global surveillance, collaborate with Dubai-based regulator RTA to enable Dubai Taxi booking via the App, as well as extend its international reach through global ride-hailing sharing service Splyt by enabling users to seamlessly connect with platforms in Russia and China.

About Kingdom Holding Company :

Kingdom Holding Company (KHC) is one of the world’s foremost value investment firm that is internationally renowned for its interest in both high performance global brand and strategic regional interests. Based in Riyadh, Saudi Arabia, KHC is led by its Founder and Chairman, HRH Prince Alwaleed Bin Talal.  Founded in 1980 and publicly traded since 2007, KHC has achieved three decades of exceptional investment success and is renowned for its diversified portfolio of global powerhouse brands and high performance regional investments.

Although one of the largest foreign investors in the United States, KHC’s disciplined investment approach stretches around the globe and includes leading market segments such as mobility solutions, digital technology and social media (Lyft, JD.com, Twitter), media and entertainment (NewsCorp, 21st Century Fox, Euro Disney S.C.A., Time Warner), and finance (Citigroup).  KHC is also a global leader in luxury hotels and hospitality management with ownership or significant interests in marquee properties such as the George V in Paris, the Plaza Hotel in New York and London’s Savoy Hotel.  KHC’s global hotel brands include the Four Seasons, Fairmont Raffles, Movenpick, Swissotel and Accor. In Saudi Arabia, KHC’s real estate interests include the famed Kingdom Tower in Riyadh and the highly anticipated Jeddah Tower that once completed will be the tallest tower in the world with a height exceeding 1000 meters.  KHC also has investments in petrochemicals (Tasnee), education (Kingdom Schools), health care (Kingdom Hospital) and aviation (NAS Saudi Arabia).

For more information contact:
Kingdom Holding Company
+966-11-211-1111
www.KINGDOM.com.sa
Media@kingdom.com.sa
Twitter: @Kingdom_KHC

Photo – http://mma.prnewswire.com/media/523552/Kingdom_Holding_Company_Careem.jpg

Capitol Acquisition Corp. III to Combine with Cision

Combination to Provide a Public Currency and Financial Flexibility to Expand Cision’s Growth and Global Leadership in Media Communication Technology and Analytics

Combined Company to be Well Positioned to Capitalize on the Rising Importance of Earned Media with a First-of-its-Kind Cloud-Based Platform – the Cision Communications Cloud™

Investor Conference Call Scheduled for Monday, March 20th, at 11:00am EDT

CHICAGO and WASHINGTON, March 20, 2017 /PRNewswire/ — The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; “Capitol”), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.

Capitol Acquisition Corp III logo.

Cision delivers a sophisticated, easy-to-use platform for communicators to reach relevant media influencers and craft compelling campaigns that impact customer behavior. With rich monitoring and analytics, the Cision Communications Cloud™ arms brands with the insights they need to link their earned media to strategic business objectives, while aligning it with owned and paid channels.  This platform enables companies and brands to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.

Cision’s management team, led by CEO Kevin Akeroyd and CFO Jack Pearlstein, will continue to run the combined company post-transaction.  Capitol Chairman and CEO, Mark Ein, will join the combined company’s board of directors and serve as Vice Chairman.  Capitol’s President and CFO, Dyson Dryden, will also join the board.

“There is a shift in corporate marketing spend to the earned channel driven by its higher ROI and proven success in building brands and the declining efficacy of traditional paid media advertising,” said Mark Ein, Chairman and CEO of Capitol.  “We are investing in Cision, a market leader, to get behind this large, important trend and position the company for accelerated future growth.  We think the combined company will deliver superior returns for investors long into the future.”

The rise of marketing technology is driving increased investment in communications and PR.  According to Gartner Inc., marketing technology spend is expected to exceed spend on core enterprise IT by 2017 and is growing at a much faster rate (12% vs. 3%, respectively).  With the effectiveness of paid advertising declining, as evidenced by GlobalWebIndex research indicating that 60% of desktop users have used ad-blockers, marketing technology spend is shifting toward earned media channels. These tailwinds, coupled with strategic flexibility provided by the merger, will broaden Cision’s market opportunity beyond leadership in global communications intelligence software and services, a $3 billion industry according to Burton-Taylor International Consulting LLC, into the marketing software market, which IDC estimates will reach $32 billion by 2018, and ultimately into the broader digital marketing and data markets.

“This transaction reflects the significant progress Cision has made in its effort to build the most comprehensive media intelligence platform in the world,” said GTCR Managing Director Mark Anderson. “We look forward to Cision continuing to expand and accelerate its global leadership position as a public company with access to new sources of capital.”

Cision logo.

“We appreciate GTCR’s ongoing sponsorship, which has been instrumental in building the business, and with this transaction are thrilled to also partner with Capitol as we execute our vision for the company,” said CEO Kevin Akeroyd. “This transaction marks a key milestone for Cision. We are extremely well positioned to accelerate our growth following our acquisition of PR Newswire and the recent launch of the Cision Communications Cloud™ which enhanced our scale, comprehensive SaaS product set and global reach.”

“We are excited to partner with the Cision team as they execute on their platform growth strategy,” said Dyson Dryden, President and CFO of Capitol. “We believe Kevin’s prior experience at Oracle, where he built the Marketing Cloud business unit from a nascent stage into one of the largest Marketing and Ad Tech providers in the industry and Jack’s long successful track record, including serving as CFO of four previous GTCR companies, uniquely qualifies them to execute the company’s long-term growth plan.”

Summary of Transaction

Under the terms of the proposed transaction, the combination will be effected through a “contribution and exchange” pursuant to which Cision will be contributed to a wholly owned subsidiary of Capitol (“Holdings”) that will become a publicly traded entity following a subsequent merger of a subsidiary of Holdings into Capitol.  The combined company will have an anticipated initial enterprise value of approximately $2.4 billion implying a 10.5x multiple of projected 2017 Adjusted EBITDA and a multiple of 9.2x projected 2018 Adjusted EBITDA.

GTCR and current management are retaining 100% of their equity in the company.  At closing, current Cision shareholders and current stockholders of Capitol will hold approximately 68% and 32%, respectively, of the issued and outstanding shares of the new publicly traded company’s common stock, with GTCR remaining a majority owner.  A portion of the consideration to Cision’s shareholders will be in the form of incentive earnout shares totaling up to 6 million common shares, issued in 2 million increments when the combined company’s stock price reaches $13.00, $16.00 and $19.00 per share.

The net cash proceeds from this transaction are expected to be used to pay down Cision’s existing second lien debt.

The boards of directors of both Capitol and Cision have unanimously approved the proposed transaction. Completion of the transaction, which is expected in the second quarter of 2017, is subject to approval by Capitol stockholders and other customary closing conditions.

For additional information on the transaction, see Capitol’s Current Report on Form 8-K, which will be filed promptly and which can be obtained, without charge, at the Securities and Exchange Commission’s internet site (http://www.sec.gov).

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Credit Suisse served as financial and capital markets advisors to Capitol.  PJT Partners served as financial advisor to Cision.  Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol and Kirkland & Ellis LLP acted as legal advisor to Cision.

Additional Information and Where to Find It

Capitol intends to file a proxy statement, prospectus and other relevant documents with the Securities and Exchange Commission (“SEC”) to be used at its annual meeting of stockholders to approve the proposed transaction with Cision. The proxy statement will be mailed to stockholders as of a record date to be established for voting on the proposed business combination. INVESTORS AND SECURITY HOLDERS OF CAPITOL, CISION AND HOLDINGS ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and security holders will be able to obtain free copies of the proxy statement, prospectus and other documents containing important information about Capitol, Cision and Holdings once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.  Copies of the documents filed with the SEC by Capitol and/or Cision when and if available, can be obtained free of charge on Capitol’s website at www.capitolacquisition.com or by directing a written request to Capitol Acquisition Corp. III, 509 7th Street NW, Washington D.C. 20004 or by emailing info@capitolacquisition.com; and/or on Cision’s website at www.cision.com or by directing a written request to Cision, 130 East Randolph St. 7th Floor, Chicago, IL 60601 or by emailing askcision@cision.com.

Participants in the Solicitation

Capitol, Cision, Holdings and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Capitol’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Capitol’s directors and officers in Capitol’s filings with the SEC, including Capitol’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on March 10, 2017.  Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Capitol’s shareholders in connection with the proposed business combination will be set forth in the Registration Statement for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the Registration Statement that Capitol intends to cause Holdings to file with the SEC.

No Offer or Solicitation

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Conference Call Scheduled

Capitol will host a conference call to discuss the proposed business combination with the investment community on Monday, March 20th, at 11:00am EDT.  Investors may listen to the conference call by dialing (888) 317-6003 toll-free in the U.S. or (412) 317-6061 internationally and entering conference number 0376345.  The presentation slides will be available at www.capitolacquisition.com.  To access the replay, the domestic toll-free access number is (877) 344-7529 and participants should provide the conference number of 10103462.

About Cision
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.  As the creator of the Cision Communications Cloud™, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.  Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact.  Cision serves over 75,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, and Latin America. For more information, visit www.cision.com or follow @Cision on Twitter.

About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination. Capitol is led by Chairman and Chief Executive Officer Mark D. Ein, and President and Chief Financial Officer L. Dyson Dryden. Capitol’s securities are quoted on the Nasdaq stock exchange under the ticker symbols CLAC, CLACW and CLACU. The company, which raised $325 million of cash proceeds in an initial public offering in October 2015, is Capitol’s third publicly traded investment vehicle. The first, Capitol Acquisition Corp., created Two Harbors Investment Corp. (NYSE: “TWO”), a leading mortgage real estate investment trust (REIT) and the second, Capitol Acquisition Corp. II, merged with Lindblad Expeditions, Inc. (NASDAQ: “LIND”), a global leader in expedition travel.

Forward Looking Statements

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Capitol’s or Cision’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include:  the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by Capitol stockholders; the ability to meet NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Cision’s ability to execute on its plans to develop and market new products and the timing of these development programs; Cision’s estimates of the size of the markets for its solutions; the rate and degree of market acceptance of Cision’s solutions; the success of other competing technologies that may become available; Cision’s ability to identify and integrate acquisitions; the performance and security of Cision’s services; potential litigation involving Capitol or Cision; and general economic and market conditions impacting demand for Cision’s services.  Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Neither Capitol nor Cision undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Stacey Miller
Director, Communications
+1 (301) 683-6038
stacey.miller@cision.com

Logo – http://mma.prnewswire.com/media/479488/Capitol_Acquisition_Corp_III_Logo.jpg

Logo – https://mma.prnewswire.com/media/479489/Cision_Logo.jpg

Capitol Acquisition Corp. III to Combine with Cision

Combination to Provide a Public Currency and Financial Flexibility to Expand Cision’s Growth and Global Leadership in Media Communication Technology and Analytics

Combined Company to be Well Positioned to Capitalize on the Rising Importance of Earned Media with a First-of-its-Kind Cloud-Based Platform – the Cision Communications Cloud™

Investor Conference Call Scheduled for Monday, March 20th, at 11:00am EDT

CHICAGO and WASHINGTON, March 20, 2017 /PRNewswire/ — The parent company of Cision, a leading global provider of cloud-based earned media solutions, and Capitol Acquisition Corp. III (NASDAQ: CLAC; “Capitol”), a public investment vehicle, announced that they have entered into a definitive agreement in which Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion.

Capitol Acquisition Corp III logo.

Cision delivers a sophisticated, easy-to-use platform for communicators to reach relevant media influencers and craft compelling campaigns that impact customer behavior. With rich monitoring and analytics, the Cision Communications Cloud™ arms brands with the insights they need to link their earned media to strategic business objectives, while aligning it with owned and paid channels.  This platform enables companies and brands to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.

Cision’s management team, led by CEO Kevin Akeroyd and CFO Jack Pearlstein, will continue to run the combined company post-transaction.  Capitol Chairman and CEO, Mark Ein, will join the combined company’s board of directors and serve as Vice Chairman.  Capitol’s President and CFO, Dyson Dryden, will also join the board.

“There is a shift in corporate marketing spend to the earned channel driven by its higher ROI and proven success in building brands and the declining efficacy of traditional paid media advertising,” said Mark Ein, Chairman and CEO of Capitol.  “We are investing in Cision, a market leader, to get behind this large, important trend and position the company for accelerated future growth.  We think the combined company will deliver superior returns for investors long into the future.”

The rise of marketing technology is driving increased investment in communications and PR.  According to Gartner Inc., marketing technology spend is expected to exceed spend on core enterprise IT by 2017 and is growing at a much faster rate (12% vs. 3%, respectively).  With the effectiveness of paid advertising declining, as evidenced by GlobalWebIndex research indicating that 60% of desktop users have used ad-blockers, marketing technology spend is shifting toward earned media channels. These tailwinds, coupled with strategic flexibility provided by the merger, will broaden Cision’s market opportunity beyond leadership in global communications intelligence software and services, a $3 billion industry according to Burton-Taylor International Consulting LLC, into the marketing software market, which IDC estimates will reach $32 billion by 2018, and ultimately into the broader digital marketing and data markets.

“This transaction reflects the significant progress Cision has made in its effort to build the most comprehensive media intelligence platform in the world,” said GTCR Managing Director Mark Anderson. “We look forward to Cision continuing to expand and accelerate its global leadership position as a public company with access to new sources of capital.”

Cision logo.

“We appreciate GTCR’s ongoing sponsorship, which has been instrumental in building the business, and with this transaction are thrilled to also partner with Capitol as we execute our vision for the company,” said CEO Kevin Akeroyd. “This transaction marks a key milestone for Cision. We are extremely well positioned to accelerate our growth following our acquisition of PR Newswire and the recent launch of the Cision Communications Cloud™ which enhanced our scale, comprehensive SaaS product set and global reach.”

“We are excited to partner with the Cision team as they execute on their platform growth strategy,” said Dyson Dryden, President and CFO of Capitol. “We believe Kevin’s prior experience at Oracle, where he built the Marketing Cloud business unit from a nascent stage into one of the largest Marketing and Ad Tech providers in the industry and Jack’s long successful track record, including serving as CFO of four previous GTCR companies, uniquely qualifies them to execute the company’s long-term growth plan.”

Summary of Transaction

Under the terms of the proposed transaction, the combination will be effected through a “contribution and exchange” pursuant to which Cision will be contributed to a wholly owned subsidiary of Capitol (“Holdings”) that will become a publicly traded entity following a subsequent merger of a subsidiary of Holdings into Capitol.  The combined company will have an anticipated initial enterprise value of approximately $2.4 billion implying a 10.5x multiple of projected 2017 Adjusted EBITDA and a multiple of 9.2x projected 2018 Adjusted EBITDA.

GTCR and current management are retaining 100% of their equity in the company.  At closing, current Cision shareholders and current stockholders of Capitol will hold approximately 68% and 32%, respectively, of the issued and outstanding shares of the new publicly traded company’s common stock, with GTCR remaining a majority owner.  A portion of the consideration to Cision’s shareholders will be in the form of incentive earnout shares totaling up to 6 million common shares, issued in 2 million increments when the combined company’s stock price reaches $13.00, $16.00 and $19.00 per share.

The net cash proceeds from this transaction are expected to be used to pay down Cision’s existing second lien debt.

The boards of directors of both Capitol and Cision have unanimously approved the proposed transaction. Completion of the transaction, which is expected in the second quarter of 2017, is subject to approval by Capitol stockholders and other customary closing conditions.

For additional information on the transaction, see Capitol’s Current Report on Form 8-K, which will be filed promptly and which can be obtained, without charge, at the Securities and Exchange Commission’s internet site (http://www.sec.gov).

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Credit Suisse served as financial and capital markets advisors to Capitol.  PJT Partners served as financial advisor to Cision.  Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol and Kirkland & Ellis LLP acted as legal advisor to Cision.

Additional Information and Where to Find It

Capitol intends to file a proxy statement, prospectus and other relevant documents with the Securities and Exchange Commission (“SEC”) to be used at its annual meeting of stockholders to approve the proposed transaction with Cision. The proxy statement will be mailed to stockholders as of a record date to be established for voting on the proposed business combination. INVESTORS AND SECURITY HOLDERS OF CAPITOL, CISION AND HOLDINGS ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors and security holders will be able to obtain free copies of the proxy statement, prospectus and other documents containing important information about Capitol, Cision and Holdings once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.  Copies of the documents filed with the SEC by Capitol and/or Cision when and if available, can be obtained free of charge on Capitol’s website at www.capitolacquisition.com or by directing a written request to Capitol Acquisition Corp. III, 509 7th Street NW, Washington D.C. 20004 or by emailing info@capitolacquisition.com; and/or on Cision’s website at www.cision.com or by directing a written request to Cision, 130 East Randolph St. 7th Floor, Chicago, IL 60601 or by emailing askcision@cision.com.

Participants in the Solicitation

Capitol, Cision, Holdings and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of Capitol’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Capitol’s directors and officers in Capitol’s filings with the SEC, including Capitol’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on March 10, 2017.  Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Capitol’s shareholders in connection with the proposed business combination will be set forth in the Registration Statement for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the Registration Statement that Capitol intends to cause Holdings to file with the SEC.

No Offer or Solicitation

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Conference Call Scheduled

Capitol will host a conference call to discuss the proposed business combination with the investment community on Monday, March 20th, at 11:00am EDT.  Investors may listen to the conference call by dialing (888) 317-6003 toll-free in the U.S. or (412) 317-6061 internationally and entering conference number 0376345.  The presentation slides will be available at www.capitolacquisition.com.  To access the replay, the domestic toll-free access number is (877) 344-7529 and participants should provide the conference number of 10103462.

About Cision
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.  As the creator of the Cision Communications Cloud™, the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence.  Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact.  Cision serves over 75,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, and Latin America. For more information, visit www.cision.com or follow @Cision on Twitter.

About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination. Capitol is led by Chairman and Chief Executive Officer Mark D. Ein, and President and Chief Financial Officer L. Dyson Dryden. Capitol’s securities are quoted on the Nasdaq stock exchange under the ticker symbols CLAC, CLACW and CLACU. The company, which raised $325 million of cash proceeds in an initial public offering in October 2015, is Capitol’s third publicly traded investment vehicle. The first, Capitol Acquisition Corp., created Two Harbors Investment Corp. (NYSE: “TWO”), a leading mortgage real estate investment trust (REIT) and the second, Capitol Acquisition Corp. II, merged with Lindblad Expeditions, Inc. (NASDAQ: “LIND”), a global leader in expedition travel.

Forward Looking Statements

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Capitol’s or Cision’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include:  the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by Capitol stockholders; the ability to meet NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Cision’s ability to execute on its plans to develop and market new products and the timing of these development programs; Cision’s estimates of the size of the markets for its solutions; the rate and degree of market acceptance of Cision’s solutions; the success of other competing technologies that may become available; Cision’s ability to identify and integrate acquisitions; the performance and security of Cision’s services; potential litigation involving Capitol or Cision; and general economic and market conditions impacting demand for Cision’s services.  Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Neither Capitol nor Cision undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Stacey Miller
Director, Communications
+1 (301) 683-6038
stacey.miller@cision.com

Logo – http://mma.prnewswire.com/media/479488/Capitol_Acquisition_Corp_III_Logo.jpg

Logo – https://mma.prnewswire.com/media/479489/Cision_Logo.jpg