Cxense ASA divests Emediate ApS, a part of its non-core advertising business
Reference is made to the stock exchange notice made by Cxense ASA (“Cxense” or the “Company”) on 24 August 2017 regarding the new board and management’s decision to pursue a growth strategy with focus on DMP with Intelligent Personalization and to divest non-core business. In line with this new strategy, the Company has today, on 14 December 2017, entered into and completed a sale of its wholly-owned subsidiary Emediate ApS (“Emediate”) in Denmark to Adnuntius AS in a transaction evaluating Emediate at an enterprise value of USD 800,000. In the Cxense Q3 2017 report Emediate revenues