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2019-10-10 17:19:29
Following the squeeze-out by Piano Software B.V. ("Piano") of the minority
shareholders in Cxense ASA ("Cxense") announced earlier today, Cxense hereby
announces that its board of directors today has approved a joint merger plan for
a cross border merger between Cxense as the transferring company and Piano as
the acquiring company.
The proposal implies that Piano, upon expiry of the credit notice periods and
after the merger having entered into effect pursuant to both Dutch and Norwegian
law, shall take over the assets, rights and obligations from Cxense in their
entirety in accordance with section 13-36 of the Norwegian Public Limited
Liability Companies Act , cf. section 13-25 et sec, regarding cross-border
mergers between a foreign parent company and a wholly owned Norwegian subsidiary
without consideration. Cxense will, thereafter, be dissolved.
The merger plan will be published in the Norwegian Register of Business
Enterprises' announcements platform in accordance with section 13-13, cf.
section 13-25.
For further information, please contact:
Piano
Trevor Kaufman, CEO, Piano Software, Inc.
Phone: +1 646 350 1999
Cxense
Jørgen Evjen, Chairman, Cxense ASA
Phone: + 47 928 04 014
About Cxense:
Cxense helps publishers and marketers across the globe to transform their raw
data into their most valuable resource. Cxense's leading Data Management
Platform (DMP) with Intelligent Personalization, gives companies unprecedented
insight into their individual customers, and enables them to action this insight
real-time in all marketing and sales channels. Cxense Conversion Engine empowers
publishers to monetize insight into their audience's behaviour and preferences
in order to increase subscription revenues. Cxense works with brands such as The
Wall Street Journal, Aeon, Grupo Clarin, NBC, The Mainichi Newspapers,
Universal, Singapore Press Holdings and many more. Cxense is headquartered in
Norway with offices worldwide and the company is listed on the Oslo Stock
Exchange with the ticker "CXENSE".
About Piano:
Piano, a company with operations in New York, London, and Amsterdam, offers high
-performance cloud-based software and strategic services that empower companies
to create customized digital experiences and commercial relationships for their
users. Leading businesses around the world including Hearst, NBCUniversal,
Business Insider, The Economist, Harvard Business Review, Le Parisien, Ringier
Axel Springer, Prometheus, Mansueto, The Associated Press, and over 150 other
leading organizations use Piano to power their subscription, registration,
analytics, entitlement, and personalization efforts. The company is one of
Inc's 500 Fastest Growing Companies in North America, one of Red Herring's Top
100 Startups in North America, and has won Digiday, CODIE, and numerous other
awards for its innovative suite of software products.