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CXENSE ASA ANNOUNCES THIRD QUARTER RESULTS

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OSLO, NORWAY – NOVEMBER 17, 2016 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE THIRD QUARTER, WHICH ENDED SEPTEMBER 30, 2016.

Highlights:

  • Cxense’s personalization offering drives growth on new and existing customers
  • Q3 2016 revenue from Data Management & Personalization Software was USD 4.3 million, up 90% year-over-year
  • Closed 26 new contracts representing new Annualized Recurring Revenue (ARR) of USD 1.0 million in a seasonally weak quarter
  • Lost ARR (churn) in the quarter down to USD -0.5 million, whereof only USD -0.15 million from Data Management & Personalization software
  • Raised new equity of USD 21 million in Q2 and Q3 2016 to accelerate growth through investments in more sales and marketing resources
  • Revamping North America sales organization and hired new SVP of sales
  • EBITDA reflects investments in sales and marketing resources and hosting capacity increase

“Cxense experienced another strong quarter for our personalization offering. We help customers define and develop their digital opportunities. They see that we increase their revenues from digital channels, and respond by signing new contracts with us,” said Ståle Bjørnstad, Cxense CEO. “While we are in the midst of a big shift, where consumption is going digital, the market for personalization is still in its infancy. That is why we raised additional growth capital of USD 21 million and are investing in sales and marketing. We are at the forefront and expect growth to continue. Our flexible technology platform and personalization offering is increasingly adopted by companies within the media, publishing and broadcasting verticals, as well as companies within new verticals.”

Material: The Q3 2016 report and presentation are attached to this notice.

Webcast: Cxense ASA will present its Q3 2016 results at 08:30 am CET. The presentation will take place at the Felix Conference Center, Bryggetorget 3, Oslo, Norway. A live webcast will be available at: http://webtv.hegnar.no/presentation.php?webcastId=40095707

About Cxense:

Cxense (pronounced "see-sense") enables the world's leading media, e-commerce and consumer brands to take control of their audience data to deliver more engaging and personalized user experiences. Businesses using Cxense's advanced real-time analytics, data management (DMP), advertising, search and personalization technology gain more engaged users, increased digital revenue and higher sales conversions. Cxense is headquartered in Oslo, Norway, with offices worldwide.

Customers include the Wall Street Journal, USA Today (Gannett), Grupo Clarin, El Pais, Bonnier, Naspers, Ebay, The Golf Channel, PGA, NBA, NFL, ABC News, FOX Sports, Singapore Press Holdings, South China Morning Post, AEON, DMM, Rakuten and many more. For more information: www.cxense.com, Twitter: @Cxense.

Cxense is listed on the Oslo Stock Exchange with the ticker 'CXENSE.'

Investor Relations Contact:

Jørgen Loeng, Chief Financial Officer

Email: ir@cxense.com

Mobile: +47 906 60 062

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