Cision (CISN) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 09, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	CISION LTD.
Entity Central Index Key	1,701,040
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	CISN
Entity Common Stock, Shares Outstanding		122,634,922

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 76,732	$ 35,135
Restricted cash	20	627
Accounts receivable, net	97,503	87,605
Prepaid expenses and other current assets	18,705	16,225
Total current assets	192,960	139,592
Property and equipment, net	55,060	47,947
Other intangible assets, net	472,628	511,210
Goodwill	1,113,813	1,079,518
Other assets	9,458	8,801
Total assets	1,843,919	1,787,068
Current liabilities:
Current portion of long-term debt	12,555	11,171
Due to Cision Owner, Convertible Preferred Equity Certificates	0	443,102
Accounts payable	14,286	8,723
Accrued compensation and benefits	20,821	26,109
Other accrued expenses	62,473	54,862
Current portion of deferred revenue	124,782	119,600
Total current liabilities	234,917	663,567
Long-term debt, net of current portion	1,188,462	1,383,877
Deferred revenue, net of current portion	1,356	961
Deferred tax liability	53,239	83,209
Other liabilities	19,103	14,507
Total liabilities	1,497,077	2,146,121
Series A-1 and Series C-2 mandatorily redeemable stockholders’ equity, 5,498,688 shares authorized, issued and outstanding at December 31, 2016	0	701
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding at September 30, 2017 and December 31, 2016	0	0
Common stock, $0.0001 par value, 480,000,000 shares authorized; 120,634,922 and 28,369,644 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	12	3
Additional paid-in capital	770,620	11,448
Accumulated other comprehensive loss	(37,937)	(73,902)
Accumulated deficit	(385,853)	(297,303)
Total stockholders' equity (deficit)	346,842	(359,754)
Total liabilities, mandatorily redeemable equity and stockholders' equity (deficit)	$ 1,843,919	$ 1,787,068

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Mandatorily Redeemable Stockholders Equity Shares Authorized		5,498,688
Mandatorily Redeemable Stockholders Equity Shares Issued		5,498,688
Mandatorily Redeemable Stockholders Equity Shares Outstanding		5,498,688
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	480,000,000	480,000,000
Common Stock, Shares, Issued	120,634,922	28,369,644
Common Stock, Shares, Outstanding	120,634,922	28,369,644

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 159,729	$ 150,778	$ 462,678	$ 319,308
Cost of revenue	53,287	51,581	147,571	112,238
Gross profit	106,442	99,197	315,107	207,070
Operating costs and expenses:
Sales and marketing	27,931	28,839	83,231	64,077
Research and development	5,661	7,050	16,679	14,348
General and administrative	36,127	44,360	117,819	98,681
Amortization of intangible assets	22,829	26,018	66,306	51,619
Total operating costs and expenses	92,548	106,267	284,035	228,725
Operating income (loss)	13,894	(7,070)	31,072	(21,655)
Non operating income (losses):
Foreign exchange gains (losses)	802	454	(1,832)	6,103
Interest and other income, net	177	382	2,450	650
Interest expense	(23,063)	(46,472)	(96,306)	(82,292)
Loss on extinguishment of debt	(51,872)	0	(51,872)	(23,591)
Total non operating loss	(73,956)	(45,636)	(147,560)	(99,130)
Loss before income taxes	(60,062)	(52,706)	(116,488)	(120,785)
Benefit from income taxes	(13,653)	(13,167)	(27,938)	(46,134)
Net loss	(46,409)	(39,539)	(88,550)	(74,651)
Other comprehensive income (loss) - foreign currency translation adjustments	13,371	(9,927)	35,965	(41,981)
Comprehensive loss	$ (33,038)	$ (49,466)	$ (52,585)	$ (116,632)
Net loss per share:
Basic and diluted	$ (0.38)	$ (1.39)	$ (1.47)	$ (2.63)
Weighted-average shares outstanding used in computing per share amounts:
Basic and diluted	120,584,316	28,369,644	60,120,689	28,369,644

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net loss	$ (88,550)	$ (74,651)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	103,392	87,552
Noncash interest charges and amortization of debt discount and deferred financing costs	60,532	30,213
Noncash yield on Convertible Preferred Equity Certificates	2,292	12,014
Equity-based compensation expense	2,944	4,024
Provision for doubtful accounts	2,247	3,131
Deferred income taxes	(29,970)	(54,000)
Unrealized currency translation losses (gains)	1,551	(4,478)
Gain on sale of business	(1,785)	0
Other	(171)	(114)
Changes in operating assets and liabilities, net of effect of acquisitions and disposal:
Accounts receivable	7,018	5,936
Prepaid expenses and other current assets	1,072	1,299
Other assets	113	4,279
Accounts payable	(2,110)	1,854
Accrued compensation and benefits	(10,207)	3,490
Other accrued expenses	(6,748)	(196)
Deferred revenue	(3,168)	(15,082)
Other liabilities	(110)	(2,586)
Net cash provided by operating activities	38,342	2,685
Cash flows from investing activities
Purchases of property and equipment	(7,746)	(3,532)
Software development costs	(11,365)	(8,584)
Acquisitions of businesses, net of cash acquired of $12,354 and $9,071	(54,992)	(805,214)
Proceeds from disposal of business	23,675	3,996
Change in restricted cash	607	(19)
Net cash used in investing activities	(49,821)	(813,353)
Cash flows from financing activities
Proceeds from revolving credit facility	5,000	33,475
Repayment of revolving credit facility	(38,475)	0
Proceeds from issuance of Convertible Preferred Equity Certificates to Cision Owner	0	136,025
Payment of amounts due to Cision Owner	(1,940)	0
Proceeds from term credit facility, net of debt discount of $10,091 and $105,930	1,275,634	1,364,070
Repayments of term credit facility	(1,494,501)	(722,180)
Payments on capital lease obligations	(171)	(229)
Proceeds from consummation of the Transactions	305,210	0
Net cash provided by financing activities	50,757	811,161
Effect of exchange rate changes on cash and cash equivalents	2,319	(748)
Increase (decrease) in cash and cash equivalents	41,597	(255)
Cash and cash equivalents, Beginning of period	35,135	30,606
Cash and cash equivalents, End of period	76,732	30,351
Supplemental non-cash information
Contribution of Convertible Preferred Equity Certificates in connection with Transactions (Note 1)	450,455	0
Issuance of Convertible Preferred Equity Certificates in connection with acquisition (Note 3)	$ 0	$ 40,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Acquired from Acquisition	$ 12,354	$ 9,071
Debt Instrument Original Issue Discount	$ 10,091	$ 105,930

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization Cision Ltd., a Cayman Islands company, and its subsidiaries (collectively, “Cision”, or the “Company”) is a leading provider of cloud-based software, media intelligence and distribution services, and other related professional services to the marketing and public relations industry. Communications professionals use the Company’s products and services to identify and connect with media influencers, manage industry relationships, create and distribute content, monitor media coverage, perform advanced analytics and measure the effectiveness of their campaigns. The Company has primary offices in Chicago, Illinois, Beltsville, Maryland, New York, New York, Cleveland, Ohio, and Albuquerque, New Mexico with additional offices in the United States, as well as China, Finland, France, Hong Kong, Germany, India, Indonesia, Malaysia, Norway, Portugal, Sweden, Taiwan and the United Kingdom. On March 19, 2017, the Company entered into a definitive agreement (the “Merger Agreement”) with Capitol Acquisition Corp. III (NASDAQ: CLAC; “Capitol”), a public investment vehicle, whereby the parties agreed to merge, resulting in the Company becoming a publicly listed company. This merger closed on June 29, 2017 (“Merger”), which resulted in the following (the “Transactions”): ⋅ Holders of 490,078 10.04 4.9 326.3 ⋅ Of the remaining funds in the trust account: (i) approximately $ 16.2 305.2 294.0 1 ⋅ Immediately after giving effect to the Transactions (including as a result of the conversions described above and certain forfeitures of Capitol common stock and warrants immediately prior to the closing), there were 120,512,402 24,375,596 ⋅ Upon the closing, Capitol’s common stock, warrants and units ceased trading, and Cision’s ordinary shares and warrants began trading on the NYSE and NYSE MKT, respectively, under the symbol “CISN” and “CISN WS,” respectively. ⋅ Upon the completion of the Transactions, Canyon Holdings (Cayman), L.P., (“Cision Owner”) an exempted limited partnership formed for the purpose of owning and acquiring Cision through a series of transactions, received 82,075,873 1,969,841 450.5 2,000,000 ⋅ At the closing of the Transactions, Cision Owner held approximately 68 32 The Merger Agreement, Transactions and items related thereto are more fully described in the Company’s proxy statement/prospectus filed on June 15, 2017.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies The Transactions were accounted for as a reverse merger in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This determination was primarily based on Cision comprising the ongoing operations of the combined entity, Cision’s senior management comprising the majority of the senior management of the combined company, and the prior shareholders of Cision having a majority of the voting power of the combined entity. Accordingly, the Transactions have been treated equivalent to Cision issuing stock for the net monetary assets of Capitol, accompanied by a recapitalization. The net assets of Capitol at the merger date have been stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Transactions in these financial statements are those of Cision. As a result, these financial statements represent the continuation of Cision Ltd. and the historical shareholders’ equity and earnings per share calculations of Cision prior to the Transactions have been retrospectively adjusted for the equivalent number of shares received by Cision’s Owner, where applicable, pursuant to the Transactions. The accumulated deficit of Cision has been carried forward after the Transactions. Prior to the June 29, 2017 Transactions, earnings per share was calculated using the two-class method. On June 29, 2017, all outstanding classes of equity of Cision were contributed in exchange for 82,075,873 120,512,402 28,369,644 The accompanying condensed consolidated financial statements are presented in conformity with GAAP for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair statement have been included. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. Operating results for the three and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 or any other period. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Registration Statement on Form S-4 filed on June 14, 2017. Other than the adoption of guidance related to the presentation of the extinguishment of debt discount described below, there have been no changes to the Company’s significant accounting policies described in the consolidated financial statements for the year ended December 31, 2016 that have had a material impact on the condensed consolidated financial statements and related notes for the three and nine months ended September 30, 2017. As long as the Company remains an Emerging Growth Company, the Company plans to adopt new accounting standards using the effective dates available for nonpublic entities. New Accounting Pronouncements Adopted in 2017 In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15 , Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) 19.4 2.7 811.2 Recent Accounting Pronouncements Not Yet Effective In January 2017, the FASB issued ASU 2017-01 , Business Combinations (Topic 805) Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-04 , Intangibles-Goodwill and Other (Topic 350) In November 2016, the FASB issued ASU 2016-18 , Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the Emerging Issues Task Force), In March 2016, the FASB issued ASU 2016-09 , Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. In February 2016, the FASB issued ASU 2016-02 , Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01, Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (Topic 606)

Business Combinations and Dispo

Business Combinations and Dispositions	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Business Combinations and Dispositions	3. Business Combinations and Dispositions Sale of Vintage Net Assets On March 10, 2017, the Company sold substantially all of the assets of its Vintage corporate filings business for approximately $ 26.6 23.7 1.8 Purchase of Bulletin Intelligence On March 27, 2017, the Company acquired all of the membership interests of Bulletin Intelligence, LLC, Bulletin News Network, LLC, and Bulletin News Investment, LLC (collectively, “Bulletin Intelligence”). The Company acquired Bulletin Intelligence to expand the Company’s ability to deliver actionable intelligence to senior leadership teams. During the nine months ended September 30, 2017, the Company incurred acquisition-related transaction costs of $ 1.0 The purchase price was $ 71.8 60.5 70,000 5.2 6.1 7.0 1.8 The purchase price has been allocated to the assets acquired and liabilities assumed based on fair values as of the acquisition date. (in thousands) Cash and cash equivalents $ 11,457 Accounts receivable, net 5,232 Prepaid and other current assets 216 Property, equipment and software, net 704 Trade name 1,070 Customer relationships 28,870 Purchased technology 9,510 Goodwill 19,520 Total assets acquired 76,579 Accounts payable and accrued liabilities (3,481) Deferred revenue (1,271) Total liabilities assumed (4,752) Net assets acquired $ 71,827 Goodwill will be deductible for tax purposes. The excess of the purchase price over the total net identifiable assets has been recorded as goodwill, which is attributable primarily to synergies expected from the expanded technology and service capabilities from the integrated business as well as the value of the assembled workforce in accordance with GAAP. Purchase of Argus On June 22, 2017, the Company acquired all of the outstanding shares of L’Argus de la Presse (“Argus”), which is a Paris-based provider of media monitoring solutions, for € 6.0 6.8 1.1 1.2 During the nine months ended September 30, 2017, the Company incurred acquisition-related transaction costs of $ 0.9 The purchase price has been preliminarily allocated to the assets acquired and liabilities assumed based on fair values as of the acquisition date. . (in thousands) Cash and cash equivalents $ 897 Accounts receivable, net 12,543 Prepaid and other assets 2,346 Property, equipment and software, net 5,543 Trade name 79 Customer relationships 1,989 Purchased technology 796 Goodwill 5,092 Total assets acquired 29,285 Accounts payable, accrued liabilities, and other liabilities (16,610) Deferred revenue (4,627) Total liabilities assumed (21,237) Net assets acquired $ 8,048 Goodwill will be deductible for tax purposes. The preliminary purchase price is subject to customary post-closing adjustments. The excess of the purchase price over the total net identifiable assets has been recorded as goodwill which is attributable primarily to synergies expected from the expanded technology and service capabilities from the integrated business as well as the value of the assembled workforce in accordance with GAAP. Acquisition of PR Newswire On June 16, 2016, the Company acquired all of the assets of PR Newswire (“PR Newswire”), a global leader in public relations and investor relations communications and related services from United Business Media, plc. The Company acquired PR Newswire to enhance its content distribution capabilities related to its public relations solution offerings. During the period ended September 30, 2016, the Company incurred acquisition-related transaction costs of $ 19.1 The purchase price was $ 842.8 813.3 40.0 29.5 The PR Newswire purchase price was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The identifiable intangible assets include the value of the PR Newswire brand, customer relationships and purchased technology and are being amortized over five to seven years on an accelerated basis. The excess of the purchase price over the net tangible and identifiable intangible assets acquired was recorded as goodwill, which is not deductible for tax purposes. The Company recognized a deferred tax asset in the amount of $ 16.7 150.4 (in thousands) Cash and cash equivalents $ 9,071 Accounts receivable, net 42,869 Prepaid and other current assets 18,430 Property, equipment and software, net 18,917 Investment in unconsolidated affiliate 5,376 Brand 349,120 Customer relationships 48,820 Purchased technology 25,940 Goodwill 537,218 Total assets acquired 1,055,761 Accounts payable and accrued liabilities (41,961) Deferred revenue (37,310) Deferred taxes (133,725) Total liabilities assumed (212,996) Net assets acquired $ 842,765 During the quarter ended June 30, 2017, the Company made certain measurement period adjustments to the initial purchase price allocation resulting in an increase to deferred revenue of $ 0.4 The acquired entities of PR Newswire, Bulletin Intelligence and Argus together contributed revenue of $ 86.4 246.8 76.0 89.3 Supplemental Unaudited Pro Forma Information The unaudited pro forma information below gives effect to the acquisitions of PR Newswire as if it occurred on January 1, 2015 and Bulletin Intelligence and Argus as if they had occurred as of January 1, 2016. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2017 2016 2017 2016 Revenue $ 160,376 $ 167,920 $ 489,616 $ 520,453 Net loss (42,817) (34,610) (84,311) (72,864) Net loss per share – basic and diluted (0.36) (1.22) (1.40) (2.57)

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	4. Goodwill and Intangibles (in thousands) Balance as of December 31, 2016 $ 1,079,518 Disposal of Vintage (14,662) Acquisition of Bulletin Intelligence 19,520 Acquisition of Argus 5,092 Adjustments of PR Newswire (2,200) Effects of foreign currency 26,545 Balance as of September 30, 2017 $ 1,113,813 September 30, 2017 Gross Foreign Carrying Currency Accumulated Net Carrying (in thousands) Amount Translation Amortization Amount Trade names and brand $ 369,374 $ (1,651) $ (64,354) $ 303,369 Customer relationships 294,244 (13,122) (156,186) 124,936 Purchased technology 130,313 (5,529) (80,461) 44,323 Balances at September 30, 2017 $ 793,931 $ (20,302) $ (301,001) $ 472,628 December 31, 2016 Gross Foreign Carrying Currency Accumulated Net Carrying (in thousands) Amount Translation Amortization Amount Trade names and brand $ 369,345 $ (9,877) $ (30,551) $ 328,917 Customer relationships 270,495 (29,898) (110,094) 130,503 Purchased technology 120,007 (12,213) (56,004) 51,790 Balances at December 31, 2016 $ 759,847 $ (51,988) $ (196,649) $ 511,210 (in thousands) Remainder of 2017 $ 29,670 2018 98,478 2019 77,900 2020 56,113 2021 46,010 Thereafter 164,457 $ 472,628

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	5. Debt September 30, 2017 (in thousands) Short-Term Long-Term Total 2017 First Lien Credit Facility $ 12,555 $ 1,242,957 $ 1,255,512 Unamortized debt discount and issuance costs — (54,495) (54,495) Balances at September 30, 2017 $ 12,555 $ 1,188,462 $ 1,201,017 December 31, 2016 (in thousands) Short-Term Long-Term Total 2016 First Lien Credit Facility $ 11,000 $ 1,083,500 $ 1,094,500 2016 Second Lien Credit Facility — 370,000 370,000 2016 Revolving Credit Facility — 33,475 33,475 Unamortized debt discount and issuance costs — (103,098) (103,098) Total credit facilities 11,000 1,383,877 1,394,877 Capital lease obligations 171 — 171 Balances at December 31, 2016 $ 11,171 $ 1,383,877 $ 1,395,048 2017 First Lien Credit Facility On August 4, 2017, the Company entered into a refinancing amendment and incremental facility amendment (the “2017 First Lien Credit Facility”) to the 2016 First Lien Credit Facility, with Deutsche Bank AG, New York Branch, as administrative agent and collateral agent, and a syndicate of commercial lenders. The 2017 First Lien Credit Facility provided for a tranche of refinancing term loans which refinanced the term loans under the 2016 First Lien Credit Facility in full and provided for additional term loans of $ 131.2 (i) a revolving credit facility, which permits borrowings and letters of credit of up to $ 75.0 25.0 (ii) a $ 960.0 (iii) a € 250.0 The Company used the proceeds from the 2017 First Lien Term Credit Facility to repay all amounts then outstanding under the 2016 First Lien Credit Facility, all amounts outstanding under the 2016 Second Lien Credit Facility, pay all related fees and expenses, and retained remaining cash for general corporate purposes. The Company terminated the 2016 Second Lien Credit Facility in connection with establishing the 2017 First Lien Credit Facility. The obligations under the 2017 First Lien Credit Facility are collaterized by substantially all of the assets of Cision’s subsidiary, Canyon Companies S.à.r.l. and each of its subsidiaries organized in the United States (or any state thereof), the United Kingdom, the Netherlands, Luxembourg, and Ireland, subject to certain exceptions. Interest is charged on U.S. dollar borrowings under the 2017 First Lien Credit Facility, at the Company’s option, at a rate based on (1) the adjusted LIBOR (a rate equal to the London interbank offered rate adjusted for statutory reserves) or (2) the alternate base rate (a rate that is highest of the (i) Deutsche Bank AG, New York Branch’s prime lending rate, (ii) the overnight federal funds rate plus 50 basis points or (iii) the one-month adjusted LIBOR plus 1%), in each case, plus an applicable margin. The margin applicable to loans under the 2017 First Lien Dollar Term Credit Facility bearing interest at the alternate base rate is 3.25 the adjusted LIBOR is 4.25%, provided that each such rate is reduced by 25 basis points if the first lien net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility is less than or equal to 4.00:1.00 at the end of the most recent fiscal quarter. Interest is charged on Euro borrowings under the 2017 First Lien Credit Facility at a rate based on the adjusted EURIBOR (a rate equal to the Euro interbank offered rate adjusted for statutory reserves), plus an applicable margin. 4.25 5.58 4.25 The margin applicable to loans under the 2017 Revolving Credit Facility bearing interest at the alternate base rate, the adjusted LIBOR, and the adjusted Euro interbank offered rate bear interest at rates of 3.00%, 4.00%, and 4.00% respectively; provided that each such rate is reduced by 25 basis points if the first lien net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility is less than or equal to 4.00:1.00 at the end of the most recent fiscal quarter. June 16, 2022 June 16, 2023 As of September 30, 2017, the Company had no outstanding borrowings and $ 1.3 1,256 The Company incurred approximately $ 10.0 1.0 9.0 The Company will make quarterly 2.4 0.6 The Company may also be required to make certain mandatory prepayments of the 2017 First Lien Credit Facility out of excess cash flow and upon the receipt of proceeds of asset sales and certain insurance proceeds (in each case, subject to certain minimum dollar thresholds and rights to reinvest the proceeds as set forth in the 2017 First Lien Credit Facility). The 2017 First Lien Credit Facility includes a total net leverage financial maintenance covenant. Such covenant requires that, as of the last day of each fiscal quarter, the total net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility cannot exceed the applicable ratio set forth in the 2017 First Lien Credit Facility for such quarter (subject to certain rights to cure any failure to meet such ratio as set forth in the 2017 First Lien Credit Facility). The 2017 First Lien Credit Facility is also subject to certain customary affirmative covenants and negative covenants. Under the 2017 First Lien Credit Facility, the Company’s subsidiaries are prohibited from making cash dividends, subject to certain exceptions, including that the subsidiaries are permitted to declare and pay cash dividends (x) in an amount that does not exceed the sum of (i) $50.0 million, plus (ii) the sum of the amount (which amount shall not be less than zero) equal to 50% of consolidated net income of the subsidiaries from January 1, 2016 to the end of the most recent quarter subject to certain conditions, plus (iii) certain other amounts set forth in the definition of “Available Amount” in the 2017 First Lien Credit Facility or (y) so long as the total net leverage ratio under the 2017 First Lien Credit Facility does not exceed 3.75 to 1.00 The 2017 First Lien Credit Facility provides that an event of default will occur upon specified change of control events. “Change in Control” is defined to include, among other things, the failure by Cision Owner, its affiliates and certain other “Permitted Holders” to beneficially own, directly or indirectly through one or more holding company parents of Cision, a majority of the voting equity of the borrower thereunder. See “Risk Factors — Cision’s 2016 First Lien and Second Lien Credit Agreements Contain Change of Control Provisions that Will Require Cision to Amend or Refinance this Indebtedness” 2016 First Lien Credit Facility On June 16, 2016, in connection with the acquisition of PR Newswire, the Company entered into a $ 1,175 (i) a revolving credit facility, which permitted borrowings and letters of credit up to $ 75.0 25.0 (ii) a $ 1,100 The Company used the proceeds from the 2016 First Lien Credit Facility, along with proceeds from the 2016 Second Lien Credit Facility, cash equity from the sponsor and cash from the balance sheet to consummate the acquisition of PR Newswire, refinance the existing debt and pay related fees and expenses. Interest was charged on U.S. dollar borrowings under the 2016 First Lien Credit Facility, at the Company’s option, at a rate based on (1) the adjusted LIBOR (a rate equal to the London interbank offered rate adjusted for statutory reserves, but which amount cannot be less than 1%) or (2) the alternate base rate (a rate that was highest of the (i) Deutsche Bank AG, New York Branch’s prime lending rate, (ii) the overnight federal funds rate plus 50 basis points, (iii) the one-month adjusted LIBOR plus 1% or (iv) 2%), in each case, plus an applicable margin. The margin applicable to loans under the 2016 First Lien Credit Facility bearing interest at the alternate base rate was 5.00 6.00 4.75 5.75 5.75 5.75 On March 17, 2017, the Company entered into an incremental amendment to the 2016 First Lien Credit Facility, which provided for an incremental borrowing of $ 30.0 On August 4, 2017, the Company repaid all amounts outstanding under the 2016 First Lien Credit Facility. The repayment of the 2016 First Lien Credit Facility was evaluated as a debt modification versus an extinguishment under applicable guidance and as a result, the Company recorded a loss on extinguishment of debt of $ 22.6 The Company incurred approximately $ 81.9 2016 Second Lien Credit Facility On June 16, 2016, in connection with the acquisition of PR Newswire, the Company entered into a second lien credit agreement with Deutsche Bank AG, New York Branch, as administrative agent and collateral agent, and a syndicate of commercial lenders from time to time party thereto. The second lien credit agreement consisted of a $ 370.0 Interest was charged on borrowings under the 2016 Second Lien Credit Facility, at the Company’s option, at a rate based on (1) the adjusted LIBOR (a rate equal to the London interbank offered rate adjusted for statutory reserves, but which amount cannot be less than 1%) or (2) the alternate base rate (a rate that is highest of the (i) Deutsche Bank AG, New York Branch’s prime lending rate, (ii) the overnight federal funds rate plus 50 basis points, (iii) the one-month adjusted LIBOR plus 1% or (iv) 2%), in each case, plus an applicable margin. 8.50 9.50 The obligations under the 2016 Second Lien Credit Facility were secured by substantially all of the assets of Canyon Companies S.à.r.l. and each of its subsidiaries organized in the United States (or any state thereof), the United Kingdom, the Netherlands, Luxembourg, and Ireland, subject to certain exceptions. The liens granted to the lenders under the 2016 Second Lien Credit Facility were junior to the liens granted to the lenders under the 2016 First Lien Credit Facility pursuant to the terms of an intercreditor agreement. The 2016 Second Lien Credit Facility included a total net leverage financial maintenance covenant. Such covenant requires that, as of the last day of each fiscal quarter, the total net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2016 Second Lien Credit Facility cannot exceed the applicable ratio set forth in the 2016 Second Lien Credit Facility for such quarter (subject to certain rights to cure any failure to meet such ratio as set forth in the 2016 Second Lien Credit Facility). The 2016 Second Lien Credit Facility was also subject to certain customary affirmative covenants and negative covenants. Under the 2016 Second Lien Credit Facility, the Company’s subsidiaries were prohibited from making cash dividends, subject to certain exceptions, including that the subsidiaries were permitted to declare and pay cash dividends (x) in an amount that does not exceed the sum of (i) $57.5 million, plus (ii) the sum of the amount (which amount shall not be less than zero) equal to 50% of consolidated net income of the subsidiaries from January 1, 2016 to the end of the most recent quarter subject to certain conditions, plus (iii) certain other amounts set forth in the definition of “Available Amount” in the 2016 Second Lien Credit Facility or (y) so long as the total net leverage ratio under the 2016 Second Lien Credit Facility does not exceed 3.75 to 1.00 On July 7, 2017, in connection with the consummation of the merger with Capitol, the Company repaid $ 294.0 1 23.3 On August 4, 2017, the Company repaid all amounts outstanding under the 2016 Second Lien Credit Facility. The repayment of the 2016 Second Lien Credit Facility was evaluated as a debt modification versus an extinguishment under applicable guidance and as a result, the Company recorded a loss on extinguishment of debt of $ 5.0 The Company incurred approximately $ 24.0 The fair value of the Company’s First Lien Credit Facility at September 30, 2017 and December 31, 2016 was $ 1,270 1,082 364.9 Future Minimum Principal Payments (in thousands) Remainder of 2017 $ 3,139 2018 12,555 2019 12,555 2020 12,555 2021 12,555 Thereafter 1,202,153 $ 1,255,512

Stockholders_ Equity and Equity

Stockholders’ Equity and Equity-Based Compensation	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity and Equity-Based Compensation	6. Stockholders’ Equity and Equity-Based Compensation Preferred Stock The Company is authorized to issue 20,000,000 0.0001 Common Stock The Company is authorized to issue 480,000,000 0.0001 Prior to the Merger, Cision Owner issued equity units to employees for compensation purposes pursuant to the terms of its limited partnership agreement. Stock-based compensation was recorded based on the grant date fair values of these awards and will continue to be recorded until full vesting of these units has occurred. As a result of the consummation of the Merger, these outstanding units, held by Cision Owner, were converted into common stock of Cision. Any forfeitures of unvested units will be redistributed to existing unit holders and not returned to the Company. Equity awards to employees subsequent to the Merger will be made pursuant to the Company’s 2017 Omnibus Incentive Plan described below. Equity-based compensation is classified in the condensed consolidated statements of operations in a manner consistent with the statements of operations’ classification of an employee’s salary and benefits as follows for continuing operations: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Cost of revenue $ 84 $ 71 $ 225 $ 199 Selling and marketing 65 74 175 175 R&D 70 139 249 436 G&A 799 1,124 2,295 3,214 Total equity-based compensation expense $ 1,018 $ 1,408 $ 2,944 $ 4,024 The 2017 Omnibus Incentive Plan In connection with the Transactions, the Company adopted the 2017 Omnibus Incentive Plan (the “2017 Plan”) in June 2017. The 2017 Plan provides for grants of stock options, stock appreciation rights, restricted stock, other stock-based awards and other cash-based awards. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting or advisory services for the Company, are eligible for grants under the 2017 Plan. The 2017 Plan reserves up to 6,100,000 Three and Nine Months Stock price volatility 50 % Expected term (years) 6.3 Risk-free interest rate 2.0 % Dividend yield 0 % Weighted-Average Exercise Weighted-Average Number of Options Price per Share Contractual Term Aggregate Intrinsic Value Options outstanding as of December 31, 2016 — $ — — $ — Granted 691,500 12.78 10.0 165,960 Exercised — — — — Forfeited — — — — Options outstanding as of September 30, 2017 691,500 $ 12.78 10.0 $ 165,960 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the quoted closing price of the Company’s common stock as of September 30, 2017. Number of Shares Weighted-Average Underlying Grant Date Stock Awards Fair Value Restricted stock units outstanding as of December 31, 2016 — $ — Granted 23,000 12.78 Vested — — Forfeited — — Restricted stock units outstanding as of September 30, 2017 23,000 $ 12.78

Net Loss Per share

Net Loss Per share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Net Loss Per share	7. Net Loss Per share Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period as retroactively adjusted for the Merger (Note 2). For the three and nine months ended September 30, 2017 and 2016, the Company has excluded the potential effect of warrants to purchase shares of common stock totaling 281,019 shares, additional earn out shares, as described in Note 1, and the dilutive effect of stock options and restricted stock awards, as described in Note 6, in the calculation of diluted loss per share, as the effect would be antidilutive due to losses incurred. Three Months Ended September 30, (in thousands, except share and per share data) 2017 2016 Numerator: Net loss $ (46,409) $ (39,539) Denominator: Weighted-average shares outstanding – basic and diluted 120,584,316 28,369,644 Net loss per share – basic and diluted $ (0.38) $ (1.39) Nine Months Ended September 30, (in thousands, except share and per share data) 2017 2016 Numerator: Net loss $ (88,550) $ (74,651) Denominator: Weighted-average shares outstanding – basic and diluted 60,120,689 28,369,644 Net loss per share – basic and diluted $ (1.47) $ (2.63)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	The provision for income taxes is based on the current estimate of the annual effective tax rate adjusted to reflect the tax impact of items discrete to the fiscal period. The effective tax rate for the nine months ended September 30, 2017 was approximately 24.0%, resulting in a tax benefit due to pre-tax loss and reversal of deferred tax liabilities relating to intangibles. The Company expects an annual effective tax rate in 2017 to be a benefit of approximately 24.5%. That rate includes the unfavorable impact of nondeductible transaction costs and nondeductible goodwill. The rate also includes an increase in the valuation allowance expected to be necessary at the end of the year for certain disallowed interest originating during the year. The effective tax rate for the three months ended September 30, 2017 was a benefit of 22.7%. The benefit from income taxes for the quarter ended September 30, 2017 was primarily driven by non-operating losses resulting from significant interest expense and the reversal of deferred tax liabilities relating to intangible assets. The effective tax rate for the nine months ended September 30, 2016 was a benefit of 38.2%, and was significantly impacted by the reversal of the valuation allowance on U.S. deferred tax assets that was necessary upon the acquisition of PR Newswire that occurred in June 2016. The rate also includes the unfavorable impact of nondeductible stock-based compensation, nondeductible transaction costs and nondeductible interest. The effective tax rate for the three months ended September 30, 2016 was a benefit of 25.0%. The benefit from income taxes for the quarter ended September 30, 2016 was primarily driven by non-operating losses resulting from significant interest expense and the reversal of deferred tax liabilities relating to intangible assets. The Company’s estimates related to liabilities for uncertain tax positions require it to make judgments regarding the sustainability of each uncertain tax position based on its technical merits. If it determines it is more likely than not that a tax position will be sustained based on its technical merits, the Company records the impact of the position in its condensed consolidated financial statements at the largest amount that is greater than fifty percent likely of being realized upon ultimate settlement. The estimates are updated at each reporting date based on the facts, circumstances and information available. As of September 30, 2017, the Company believes the reasonably possible total amount of unrecognized tax benefits that could increase or decrease in the next twelve months as a result of various statute expirations, audit closures, and/or tax settlements would not be material to its condensed consolidated financial statements.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Company has various non-cancelable operating leases, primarily related to office real estate, that expire through 2035 and generally contain renewal options for up to five years. Lease incentives, payment escalations and rent holidays specified in the lease agreements are accrued or deferred as appropriate as a component of rent expense which is recognized on a straight-line basis over the terms of occupancy. As of September 30, 2017 and December 31, 2016, deferred rent of $ 8.4 9.4 The Company also leases computer and office equipment under non-cancelable capital leases and other financing arrangements that expire through 2017. Rent expense was $ 4.3 4.2 10.9 8.6 Litigation and Claims The Company from time to time is subject to lawsuits, investigations and claims arising out of the ordinary course of business, including those related to commercial transactions, contracts, government regulation, and employment matters. In the opinion of management, based on all known facts, all such matters are either without merit or are of such kind, or involve such amounts that would not have a material effect on the financial position or results of operations of the Company if disposed of unfavorably.

Geographic Information

Geographic Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Geographic Information	10. Geographic Information Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Revenue: Americas – U.S. $ 100,125 $ 102,851 $ 306,167 $ 214,329 Rest of Americas 12,563 11,763 38,040 17,988 EMEA 40,307 30,645 100,430 80,674 APAC 6,734 5,519 18,041 6,317 $ 159,729 $ 150,778 $ 462,678 $ 319,308 (in thousands) September 30, 2017 December 31, 2016 Long-lived assets, net Americas – U.S. $ 1,162,481 $ 1,188,000 Rest of Americas 118,110 115,223 EMEA 340,359 313,373 APAC 30,009 30,880 $ 1,650,959 $ 1,647,476

Significant Accounting Polici17

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation and Earnings per Share	Basis of Presentation and Earnings per Share The Transactions were accounted for as a reverse merger in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This determination was primarily based on Cision comprising the ongoing operations of the combined entity, Cision’s senior management comprising the majority of the senior management of the combined company, and the prior shareholders of Cision having a majority of the voting power of the combined entity. Accordingly, the Transactions have been treated equivalent to Cision issuing stock for the net monetary assets of Capitol, accompanied by a recapitalization. The net assets of Capitol at the merger date have been stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Transactions in these financial statements are those of Cision. As a result, these financial statements represent the continuation of Cision Ltd. and the historical shareholders’ equity and earnings per share calculations of Cision prior to the Transactions have been retrospectively adjusted for the equivalent number of shares received by Cision’s Owner, where applicable, pursuant to the Transactions. The accumulated deficit of Cision has been carried forward after the Transactions. Prior to the June 29, 2017 Transactions, earnings per share was calculated using the two-class method. On June 29, 2017, all outstanding classes of equity of Cision were contributed in exchange for 82,075,873 120,512,402 28,369,644 The accompanying condensed consolidated financial statements are presented in conformity with GAAP for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair statement have been included. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. Operating results for the three and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 or any other period. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Registration Statement on Form S-4 filed on June 14, 2017. Other than the adoption of guidance related to the presentation of the extinguishment of debt discount described below, there have been no changes to the Company’s significant accounting policies described in the consolidated financial statements for the year ended December 31, 2016 that have had a material impact on the condensed consolidated financial statements and related notes for the three and nine months ended September 30, 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements As long as the Company remains an Emerging Growth Company, the Company plans to adopt new accounting standards using the effective dates available for nonpublic entities. New Accounting Pronouncements Adopted in 2017 In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15 , Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) 19.4 2.7 811.2 Recent Accounting Pronouncements Not Yet Effective In January 2017, the FASB issued ASU 2017-01 , Business Combinations (Topic 805) Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-04 , Intangibles-Goodwill and Other (Topic 350) In November 2016, the FASB issued ASU 2016-18 , Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the Emerging Issues Task Force), In March 2016, the FASB issued ASU 2016-09 , Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. In February 2016, the FASB issued ASU 2016-02 , Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01, Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (Topic 606)

Business Combinations and Dis18

Business Combinations and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2017
Supplemental Unaudited Pro Forma Information	The pro forma results presented below show the impact of acquisition-related costs as well as the increase in interest expense related to acquisition-related debt. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2017 2016 2017 2016 Revenue $ 160,376 $ 167,920 $ 489,616 $ 520,453 Net loss (42,817) (34,610) (84,311) (72,864) Net loss per share – basic and diluted (0.36) (1.22) (1.40) (2.57)
Bulletin Intelligence [Member]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the allocation of the purchase price paid by the Company to the fair value of the assets and liabilities of Bulletin Intelligence acquired on March 27, 2017. The identifiable intangible assets include the trade name, customer relationships and purchased technology and are being amortized over four to ten years on an accelerated basis. The Company completed the purchase price allocation during the three months ended September 30, 2017. (in thousands) Cash and cash equivalents $ 11,457 Accounts receivable, net 5,232 Prepaid and other current assets 216 Property, equipment and software, net 704 Trade name 1,070 Customer relationships 28,870 Purchased technology 9,510 Goodwill 19,520 Total assets acquired 76,579 Accounts payable and accrued liabilities (3,481) Deferred revenue (1,271) Total liabilities assumed (4,752) Net assets acquired $ 71,827
Argus [Member]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase price based on currently available information by the Company to the fair value of the assets and liabilities of Argus acquired on June 22, 2017. The amounts related to intangible assets shown below are preliminary and subject to adjustment as additional information is obtained about the facts and circumstances that existed at the date of acquisition. The identifiable intangible assets include the trade name, customer relationships and purchased technology and are being amortized over four to eight years on an accelerated basis. The Company expects to complete the purchase price allocation during the three months ended December 31, 2017 . (in thousands) Cash and cash equivalents $ 897 Accounts receivable, net 12,543 Prepaid and other assets 2,346 Property, equipment and software, net 5,543 Trade name 79 Customer relationships 1,989 Purchased technology 796 Goodwill 5,092 Total assets acquired 29,285 Accounts payable, accrued liabilities, and other liabilities (16,610) Deferred revenue (4,627) Total liabilities assumed (21,237) Net assets acquired $ 8,048
PR Newswire [Member]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the allocation of the purchase price paid by the Company to the fair value of the assets and liabilities acquired of PR Newswire on June 16, 2016: (in thousands) Cash and cash equivalents $ 9,071 Accounts receivable, net 42,869 Prepaid and other current assets 18,430 Property, equipment and software, net 18,917 Investment in unconsolidated affiliate 5,376 Brand 349,120 Customer relationships 48,820 Purchased technology 25,940 Goodwill 537,218 Total assets acquired 1,055,761 Accounts payable and accrued liabilities (41,961) Deferred revenue (37,310) Deferred taxes (133,725) Total liabilities assumed (212,996) Net assets acquired $ 842,765

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amounts of goodwill since December 31, 2016 consisted of the following: (in thousands) Balance as of December 31, 2016 $ 1,079,518 Disposal of Vintage (14,662) Acquisition of Bulletin Intelligence 19,520 Acquisition of Argus 5,092 Adjustments of PR Newswire (2,200) Effects of foreign currency 26,545 Balance as of September 30, 2017 $ 1,113,813
Schedule of Finite-Lived Intangible Assets	Definite-lived intangible assets consisted of the following at September 30, 2017 and December 31, 2016: September 30, 2017 Gross Foreign Carrying Currency Accumulated Net Carrying (in thousands) Amount Translation Amortization Amount Trade names and brand $ 369,374 $ (1,651) $ (64,354) $ 303,369 Customer relationships 294,244 (13,122) (156,186) 124,936 Purchased technology 130,313 (5,529) (80,461) 44,323 Balances at September 30, 2017 $ 793,931 $ (20,302) $ (301,001) $ 472,628 December 31, 2016 Gross Foreign Carrying Currency Accumulated Net Carrying (in thousands) Amount Translation Amortization Amount Trade names and brand $ 369,345 $ (9,877) $ (30,551) $ 328,917 Customer relationships 270,495 (29,898) (110,094) 130,503 Purchased technology 120,007 (12,213) (56,004) 51,790 Balances at December 31, 2016 $ 759,847 $ (51,988) $ (196,649) $ 511,210
Schedule of Future Expected Amortization of Intangible Assets	Future expected amortization of intangible assets at September 30, 2017 is as follows: (in thousands) Remainder of 2017 $ 29,670 2018 98,478 2019 77,900 2020 56,113 2021 46,010 Thereafter 164,457 $ 472,628

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following at September 30, 2017 and December 31, 2016: September 30, 2017 (in thousands) Short-Term Long-Term Total 2017 First Lien Credit Facility $ 12,555 $ 1,242,957 $ 1,255,512 Unamortized debt discount and issuance costs — (54,495) (54,495) Balances at September 30, 2017 $ 12,555 $ 1,188,462 $ 1,201,017 December 31, 2016 (in thousands) Short-Term Long-Term Total 2016 First Lien Credit Facility $ 11,000 $ 1,083,500 $ 1,094,500 2016 Second Lien Credit Facility — 370,000 370,000 2016 Revolving Credit Facility — 33,475 33,475 Unamortized debt discount and issuance costs — (103,098) (103,098) Total credit facilities 11,000 1,383,877 1,394,877 Capital lease obligations 171 — 171 Balances at December 31, 2016 $ 11,171 $ 1,383,877 $ 1,395,048
Schedule of Maturities of Long-term Debt	Future minimum principal payments of debt as of September 30, 2017 are as follows: (in thousands) Remainder of 2017 $ 3,139 2018 12,555 2019 12,555 2020 12,555 2021 12,555 Thereafter 1,202,153 $ 1,255,512

Stockholders_ Equity and Equi21

Stockholders’ Equity and Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of equity based compensation by department	Equity-based compensation is classified in the condensed consolidated statements of operations in a manner consistent with the statements of operations’ classification of an employee’s salary and benefits as follows for continuing operations: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Cost of revenue $ 84 $ 71 $ 225 $ 199 Selling and marketing 65 74 175 175 R&D 70 139 249 436 G&A 799 1,124 2,295 3,214 Total equity-based compensation expense $ 1,018 $ 1,408 $ 2,944 $ 4,024
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The Company estimated the fair value of employee stock options using the Black-Scholes option pricing model. The fair values of stock options granted under the 2017 Plan were estimated using the following assumptions: Three and Nine Months Stock price volatility 50 % Expected term (years) 6.3 Risk-free interest rate 2.0 % Dividend yield 0 %
Share-based Compensation, Stock Options, Activity	Weighted-Average Exercise Weighted-Average Number of Options Price per Share Contractual Term Aggregate Intrinsic Value Options outstanding as of December 31, 2016 — $ — — $ — Granted 691,500 12.78 10.0 165,960 Exercised — — — — Forfeited — — — — Options outstanding as of September 30, 2017 691,500 $ 12.78 10.0 $ 165,960
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Number of Shares Weighted-Average Underlying Grant Date Stock Awards Fair Value Restricted stock units outstanding as of December 31, 2016 — $ — Granted 23,000 12.78 Vested — — Forfeited — — Restricted stock units outstanding as of September 30, 2017 23,000 $ 12.78

Net Loss Per share (Tables)

Net Loss Per share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of basic and diluted loss per common share	As a result, diluted loss per common share is the same as basic loss per common share for all periods presented below. Three Months Ended September 30, (in thousands, except share and per share data) 2017 2016 Numerator: Net loss $ (46,409) $ (39,539) Denominator: Weighted-average shares outstanding – basic and diluted 120,584,316 28,369,644 Net loss per share – basic and diluted $ (0.38) $ (1.39) Nine Months Ended September 30, (in thousands, except share and per share data) 2017 2016 Numerator: Net loss $ (88,550) $ (74,651) Denominator: Weighted-average shares outstanding – basic and diluted 60,120,689 28,369,644 Net loss per share – basic and diluted $ (1.47) $ (2.63)

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas	The following table lists revenue for the three and nine months ended September 30, 2017 and 2016 by geographic region: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2017 2016 2017 2016 Revenue: Americas – U.S. $ 100,125 $ 102,851 $ 306,167 $ 214,329 Rest of Americas 12,563 11,763 38,040 17,988 EMEA 40,307 30,645 100,430 80,674 APAC 6,734 5,519 18,041 6,317 $ 159,729 $ 150,778 $ 462,678 $ 319,308
Long-lived Assets by Geographic Areas	The following table lists long-lived assets, net of amortization, as of September 30, 2017 and December 31, 2016 by geographic region: (in thousands) September 30, 2017 December 31, 2016 Long-lived assets, net Americas – U.S. $ 1,162,481 $ 1,188,000 Rest of Americas 118,110 115,223 EMEA 340,359 313,373 APAC 30,009 30,880 $ 1,650,959 $ 1,647,476

Organization (Details Textual)

Organization (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 07, 2017	Oct. 31, 2017	Jun. 29, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Repayments of Lines of Credit				$ 38,475	$ 0
Common Stock, Shares, Outstanding			120,512,402	120,634,922		28,369,644
Common Stock, Shares, Issued				120,634,922		28,369,644
Class of Warrant or Right, Outstanding			24,375,596
Contribution of Convertible Preferred Equity Certificates in connection with Transactions				$ 450,455	$ 0
Capitol Acquisition III [Member]
Business Acquisition [Line Items]
Ownership Percentage Of Issued And Outstanding Shares			32.00%
Capitol Trust Account [Member]
Business Acquisition [Line Items]
Assets Held-in-trust			$ 326,300
Payments for Merger Related Costs			16,200
Proceeds from Sale of Restricted Investments			$ 305,200
Parent [Member]
Business Acquisition [Line Items]
Common Stock, Shares, Issued			82,075,873
Class of Warrant or Right, Outstanding			1,969,841
Ownership Percentage Of Issued And Outstanding Shares			68.00%
Contribution of Convertible Preferred Equity Certificates in connection with Transactions			$ 450,500
2016 Second Lien Credit Facility [Member]
Business Acquisition [Line Items]
Repayments of Lines of Credit	$ 294,000
Line of Credit Facility, Commitment Fee Percentage	1.00%
Capitol Common Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Converted			490,078
Common Stock Conversion Price			$ 10.04
Conversion of Stock, Amount Converted			$ 4,900
Subsequent Event [Member] | Parent [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, New Issues		2,000,000

Significant Accounting Polici25

Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 29, 2017	Dec. 31, 2016
Common Stock, Shares, Issued	120,634,922			28,369,644
Common Stock, Shares, Outstanding	120,634,922		120,512,402	28,369,644
Net Cash Provided by (Used in) Operating Activities	$ 38,342	$ 2,685
Net Cash Provided by (Used in) Financing Activities	$ 50,757	811,161
Accounting Standards Update 2016-15 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Cash Flows		19,400
Net Cash Provided by (Used in) Operating Activities		2,700
Net Cash Provided by (Used in) Financing Activities		$ 811,200
Parent [Member]
Common Stock, Shares, Issued			82,075,873

Business Combinations and Dis26

Business Combinations and Dispositions (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 22, 2017	Mar. 27, 2017	Dec. 31, 2016	Jun. 16, 2016
Goodwill	$ 1,113,813			$ 1,079,518
Bulletin Intelligence [Member]
Cash and cash equivalents			$ 11,457
Accounts receivable, net			5,232
Prepaid and other current assets			216
Property, equipment and software, net			704
Goodwill			19,520
Total assets acquired			76,579
Accounts payable, accrued liabilities, and other liabilities			(3,481)
Deferred revenue			(1,271)
Total liabilities assumed			(4,752)
Net assets acquired			71,827
Bulletin Intelligence [Member] | Trade name [Member]
Finite-Lived Intangible Assets			1,070
Bulletin Intelligence [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets			28,870
Bulletin Intelligence [Member] | Purchased Technology [Member]
Finite-Lived Intangible Assets			$ 9,510
Argus [Member]
Cash and cash equivalents		$ 897
Accounts receivable, net		12,543
Prepaid and other current assets		2,346
Property, equipment and software, net		5,543
Goodwill		5,092
Total assets acquired		29,285
Accounts payable, accrued liabilities, and other liabilities		(16,610)
Deferred revenue		(4,627)
Total liabilities assumed		(21,237)
Net assets acquired		8,048
Argus [Member] | Trade name [Member]
Finite-Lived Intangible Assets		79
Argus [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets		1,989
Argus [Member] | Purchased Technology [Member]
Finite-Lived Intangible Assets		$ 796
PR Newswire [Member]
Cash and cash equivalents					$ 9,071
Accounts receivable, net					42,869
Prepaid and other current assets					18,430
Property, equipment and software, net					18,917
Investment in unconsolidated affiliate					5,376
Goodwill					537,218
Total assets acquired					1,055,761
Accounts payable, accrued liabilities, and other liabilities					(41,961)
Deferred revenue					(37,310)
Deferred taxes					(133,725)
Total liabilities assumed					(212,996)
Net assets acquired					842,765
PR Newswire [Member] | Brand [Member]
Finite-Lived Intangible Assets					349,120
PR Newswire [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets					48,820
PR Newswire [Member] | Purchased Technology [Member]
Finite-Lived Intangible Assets					$ 25,940

Business Combinations and Dis27

Business Combinations and Dispositions (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 160,376	$ 167,920	$ 489,616	$ 520,453
Net loss	$ (42,817)	$ (34,610)	$ (84,311)	$ (72,864)
Net loss per share - basic and diluted	$ (0.36)	$ (1.22)	$ (1.40)	$ (2.57)

Business Combinations and Dis28

Business Combinations and Dispositions (Details Textual) $ in Thousands, € in Millions	Mar. 10, 2017USD ($)	Jun. 22, 2017USD ($)	Jun. 22, 2017EUR (€)	Mar. 27, 2017USD ($)shares	Jun. 16, 2016USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Jun. 22, 2017EUR (€)
Proceeds from Divestiture of Businesses									$ 23,675	$ 3,996
Gain (Loss) on Disposition of Business									1,785	0
Interest Expense, Debt									60,532	30,213
Vintage Corporate Filings Business [Member]
Disposal Group, Including Discontinued Operation, Consideration	$ 26,600
Proceeds from Divestiture of Businesses	23,700
Gain (Loss) on Disposition of Business	$ 1,800
Bulletin Intelligence [Member]
Business Combination, Acquisition Related Costs									1,000
Business Combination, Consideration Transferred				$ 71,800
Payments to Acquire Businesses, Gross				$ 60,500
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares				70,000
Business Combination, Contingent Consideration, Liability				$ 6,100
Interest Expense, Debt				1,800
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned				$ 5,200
Equity Contribution							$ 7,000
Argus [Member]
Business Combination, Acquisition Related Costs									900
Payments to Acquire Businesses, Gross		$ 6,800	€ 6
Business Combination, Contingent Consideration, Liability		$ 1,200									€ 1.1
PR Newswire [Member]
Business Combination, Acquisition Related Costs					$ 19,100
Business Combination, Consideration Transferred					842,800
Payments to Acquire Businesses, Gross					813,300
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					40,000
Deferred Tax Assets, Operating Loss Carryforwards					16,700
Deferred Tax Liabilities, Intangible Assets					150,400
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Revenue							400
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities							(2,600)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							$ (2,200)
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned					$ 29,500
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual								$ 76,000		$ 89,300
PR Newswire, Bulletin Intelligence and Argus [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						$ 86,400			$ 246,800

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Beginning Balance	$ 1,079,518
Effects of foreign currency	26,545
Ending Balance	1,113,813
Bulletin Intelligence [Member]
Acquisition	19,520
Argus [Member]
Acquisition	5,092
PR Newswire [Member]
Adjustments of PR Newswire	(2,200)
Vintage Corporate Filings Business [Member]
Disposal of Vintage	$ (14,662)

Goodwill and Intangibles (Det30

Goodwill and Intangibles (Details 1) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Gross Carrying Amount	$ 793,931	$ 759,847
Foreign Currency Translation	(20,302)	(51,988)
Accumulated Amortization	(301,001)	(196,649)
Net Carrying Amount	472,628	511,210
Trade names and brand [Member]
Gross Carrying Amount	369,374	369,345
Foreign Currency Translation	(1,651)	(9,877)
Accumulated Amortization	(64,354)	(30,551)
Net Carrying Amount	303,369	328,917
Customer relationships [Member]
Gross Carrying Amount	294,244	270,495
Foreign Currency Translation	(13,122)	(29,898)
Accumulated Amortization	(156,186)	(110,094)
Net Carrying Amount	124,936	130,503
Purchased technology [Member]
Gross Carrying Amount	130,313	120,007
Foreign Currency Translation	(5,529)	(12,213)
Accumulated Amortization	(80,461)	(56,004)
Net Carrying Amount	$ 44,323	$ 51,790

Goodwill and Intangibles (Det31

Goodwill and Intangibles (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Remainder of 2017	$ 29,670
2,018	98,478
2,019	77,900
2,020	56,113
2,021	46,010
Thereafter	164,457
Total	$ 472,628	$ 511,210

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Unamortized debt discount and issuance costs, Short Term	$ 0	$ 0
Total credit facilities, Short Term		11,000
Capital lease obligations, Short Term		171
Balances, Short Term	12,555	11,171
Unamortized debt discount and issuance costs, Long Term	(54,495)	(103,098)
Total credit facilities, Long Term		1,383,877
Capital lease obligations, Long Term		0
Balances, Long Term	1,188,462	1,383,877
Unamortized debt discount and issuance costs, Total	(54,495)	(103,098)
Total credit facilities, Total		1,394,877
Capital lease obligations, Total		171
Balances, Total	1,201,017	1,395,048
2016 First Lien Credit Facility [Member]
Short Term		11,000
Long Term		1,083,500
Total		1,094,500
2016 Second Lien Credit Facility [Member]
Short Term		0
Long Term		370,000
Total		370,000
2016 Revolving Credit Facility [Member]
Short Term		0
Long Term		33,475
Total		$ 33,475
2017 First Lien Credit Facility [Member]
Short Term	12,555
Long Term	1,242,957
Total	$ 1,255,512

Debt (Details 1)

Debt (Details 1) $ in Thousands	Sep. 30, 2017USD ($)
Remainder of 2017	$ 3,139
2,018	12,555
2,019	12,555
2,020	12,555
2,021	12,555
Thereafter	1,202,153
Long-term Debt	$ 1,255,512

Debt (Details Textual)

Debt (Details Textual) $ in Thousands, € in Millions

Aug. 04, 2017USD ($)

Jul. 07, 2017USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2017EUR (€)

Jun. 16, 2016USD ($)

Sep. 30, 2017USD ($)

Sep. 30, 2016USD ($)

Sep. 30, 2017USD ($)

Sep. 30, 2016USD ($)

Aug. 04, 2017EUR (€)

Mar. 17, 2017USD ($)

Dec. 31, 2016USD ($)

Repayments of Lines of Credit

$ 38,475

$ 0

Gain (Loss) on Extinguishment of Debt

$ (51,872)

$ 0

(51,872)

$ (23,591)

2016 Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 75,000

Line of Credit

$ 33,475

Line of Credit Facility, Interest Rate Description

the adjusted LIBOR, the adjusted Canadian dollar banker’s acceptance rate and the adjusted Euro interbank offered rate bear interest at rates of 4.75%, 5.75%, 5.75% and 5.75%, respectively, provided that each such rate is reduced by 25 basis points if the senior secured first lien net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2016 First Lien Credit Facility is less than or equal to 3.50:1.00 at the end of the most recent fiscal quarter.

2016 Revolving Credit Facility [Member] | 2016 Standby Letters of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 25,000

2016 Revolving Credit Facility [Member] | Base Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

4.75%

2016 Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

5.75%

2016 Revolving Credit Facility [Member] | Eurodollar [Member]

Debt Instrument, Basis Spread on Variable Rate

5.75%

2016 Revolving Credit Facility [Member] | Adjusted Canadian Dollar Banker's Acceptance Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

5.75%

2016 First Lien Term Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,100,000

2016 First Lien Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

1,175,000

Line Of Credit, Incremental Borrowings

$ 30,000

Debt Issuance Costs, Gross

$ 81,900

Gain (Loss) on Extinguishment of Debt

22,600

2016 First Lien Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Lines of Credit, Fair Value Disclosure

1,082,000

2016 First Lien Credit Facility [Member] | Base Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

5.00%

2016 First Lien Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

6.00%

2016 Second Lien Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 370,000

Line of Credit Facility, Interest Rate Description

(1) the adjusted LIBOR (a rate equal to the London interbank offered rate adjusted for statutory reserves, but which amount cannot be less than 1%) or (2) the alternate base rate (a rate that is highest of the (i) Deutsche Bank AG, New York Branchs prime lending rate, (ii) the overnight federal funds rate plus 50 basis points, (iii) the one-month adjusted LIBOR plus 1% or (iv) 2%), in each case, plus an applicable margin.

Line of Credit Facility, Dividend Restrictions

an amount that does not exceed the sum of (i) $57.5 million, plus (ii) the sum of the amount (which amount shall not be less than zero) equal to 50% of consolidated net income of the subsidiaries from January 1, 2016 to the end of the most recent quarter subject to certain conditions, plus (iii) certain other amounts set forth in the definition of Available Amount in the 2016 Second Lien Credit Facility or (y) so long as the total net leverage ratio under the 2016 Second Lien Credit Facility does not exceed 3.75 to 1.00

Repayments of Lines of Credit

$ 294,000

Penalty And Accrued Interest

1.00%

Debt Issuance Costs, Gross

$ 24,000

Gain (Loss) on Extinguishment of Debt

5,000

2016 Second Lien Credit Facility [Member] | Capitol Acquisition Corp. III [Member]

Gain (Loss) on Extinguishment of Debt

23,300

2016 Second Lien Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Lines of Credit, Fair Value Disclosure

$ 364,900

2016 Second Lien Credit Facility [Member] | Base Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

8.50%

2016 Second Lien Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

9.50%

2017 First Lien Credit Facility [Member]

Line of Credit

1,255,512

1,255,512

Line Of Credit, Incremental Borrowings

$ 131,200

Line of Credit Facility, Interest Rate Description

U.S. dollar borrowings under the 2017 First Lien Credit Facility, at the Companys option, at a rate based on (1) the adjusted LIBOR (a rate equal to the London interbank offered rate adjusted for statutory reserves) or (2) the alternate base rate (a rate that is highest of the (i) Deutsche Bank AG, New York Branchs prime lending rate, (ii) the overnight federal funds rate plus 50 basis points or (iii) the one-month adjusted LIBOR plus 1%), in each case, plus an applicable margin.

Line of Credit Facility, Dividend Restrictions

an amount that does not exceed the sum of (i) $50.0 million, plus (ii) the sum of the amount (which amount shall not be less than zero) equal to 50% of consolidated net income of the subsidiaries from January 1, 2016 to the end of the most recent quarter subject to certain conditions, plus (iii) certain other amounts set forth in the definition of Available Amount in the 2017 First Lien Credit Facility or (y) so long as the total net leverage ratio under the 2017 First Lien Credit Facility does not exceed 3.75 to 1.00

Debt Issuance Costs, Net

$ 9,000

Debt Issuance Costs, Gross

10,000

Gain (Loss) on Extinguishment of Debt

$ 1,000

2017 First Lien Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member]

Lines of Credit, Fair Value Disclosure

1,270,000

1,270,000

2017 First Lien Credit Facility [Member] | Eurodollar [Member]

Line of Credit Facility, Interest Rate Description

Interest is charged on Euro borrowings under the 2017 First Lien Credit Facility at a rate based on the adjusted EURIBOR (a rate equal to the Euro interbank offered rate adjusted for statutory reserves), plus an applicable margin.

2017 Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 75,000

Line of Credit

0

0

Line of Credit Facility, Interest Rate Description

the alternate base rate, the adjusted LIBOR, and the adjusted Euro interbank offered rate bear interest at rates of 3.00%, 4.00%, and 4.00% respectively; provided that each such rate is reduced by 25 basis points if the first lien net leverage ratio of Canyon Companies S..r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility is less than or equal to 4.00:1.00 at the end of the most recent fiscal quarter.

Line of Credit Facility, Expiration Date

Jun. 16, 2022

2017 Revolving Credit Facility [Member] | 2017 Standby Letters of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 25,000

Line of Credit

$ 1,300

$ 1,300

2017 First Lien Dollar Term Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 960,000

Line of Credit Facility, Interest Rate Description

the adjusted LIBOR is 4.25%, provided that each such rate is reduced by 25 basis points if the first lien net leverage ratio of Canyon Companies S..r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility is less than or equal to 4.00:1.00 at the end of the most recent fiscal quarter.

Line of Credit Facility, Interest Rate at Period End

5.58%

5.58%

Debt Instrument, Frequency of Periodic Payment

quarterly

2017 First Lien Dollar Term Credit Facility [Member] | Scenario, Forecast [Member]

Debt Instrument, Periodic Payment

$ 2,400

2017 First Lien Dollar Term Credit Facility [Member] | Base Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

3.25%

2017 First Lien Dollar Term Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

4.25%

2017 First Lien Euro Term Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity | €

€ 250

Line of Credit Facility, Interest Rate Description

the adjusted LIBOR is 4.25%, provided that each such rate is reduced by 25 basis points if the first lien net leverage ratio of Canyon Companies S.à.r.l. and its restricted subsidiaries under the 2017 First Lien Credit Facility is less than or equal to 4.00:1.00 at the end of the most recent fiscal quarter.

Line of Credit Facility, Interest Rate at Period End

4.25%

4.25%

Debt Instrument, Frequency of Periodic Payment

quarterly

2017 First Lien Euro Term Credit Facility [Member] | Scenario, Forecast [Member]

Debt Instrument, Periodic Payment | €

€ 0.6

2017 First Lien Euro Term Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Basis Spread on Variable Rate

4.25%

2017 First Lien Term Credit Facility [Member]

Line of Credit Facility, Expiration Date

Jun. 16, 2023

Stockholders_ Equity and Equi35

Stockholders’ Equity and Equity-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation	$ 1,018	$ 1,408	$ 2,944	$ 4,024
Cost of revenue [Member]
Share-based Compensation	84	71	225	199
Selling and marketing [Member]
Share-based Compensation	65	74	175	175
R&D [Member]
Share-based Compensation	70	139	249	436
G&A [Member]
Share-based Compensation	$ 799	$ 1,124	$ 2,295	$ 3,214

Stockholders_ Equity and Equi36

Stockholders’ Equity and Equity-Based Compensation (Details1)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Stock price volatility	50.00%	50.00%
Expected term (years)	6 years 3 months 18 days	6 years 3 months 18 days
Risk-free interest rate	2.00%	2.00%
Dividend yield	0.00%	0.00%

Stockholders_ Equity and Equi37

Stockholders’ Equity and Equity-Based Compensation (Details 2)	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Number of Options outstanding as of December 31, 2016 | shares	0
Number of Options Granted | shares	691,500
Number of Options Exercised | shares	0
Number of Options Forfeited | shares	0
Number of Options outstanding as of September 30, 2017 | shares	691,500
Weighted-Average Exercise Price per Share Options outstanding as of December 31, 2016 | $ / shares	$ 0
Weighted-Average Exercise Price per Share Granted | $ / shares	12.78
Weighted-Average Exercise Price per Share Exercised | $ / shares	0
Weighted-Average Exercise Price per Share Forfeited | $ / shares	0
Weighted-Average Exercise Price per Share Options outstanding as of September 30, 2017 | $ / shares	$ 12.78
Weighted-Average Contractual Term Granted	10 years
Weighted-Average Contractual Term Options outstanding as of September 30, 2017	10 years
Aggregate Intrinsic Value Options outstanding as of December 31, 2016 | $	$ 0
Aggregate Intrinsic Value Granted | $	165,960
Aggregate Intrinsic Value Exercised | $	0
Aggregate Intrinsic Value Forfeited | $	0
Aggregate Intrinsic Value Options outstanding as of September 30, 2017 | $	$ 165,960

Stockholders_ Equity and Equi38

Stockholders’ Equity and Equity-Based Compensation (Details 3) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Number of Shares Underlying Stock Awards Restricted stock units outstanding as of December 31, 2016 | shares	0
Number of Shares Underlying Stock Awards Granted | shares	23,000
Number of Shares Underlying Stock Awards Vested | shares	0
Number of Shares Underlying Stock Awards Forfeited | shares	0
Number of Shares Underlying Stock Awards Restricted stock units outstanding as of September 30, 2017 | shares	23,000
Weighted-Average Grant Date Fair Value Restricted stock units outstanding as of December 31, 2016 | $ / shares	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	12.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	0
Weighted-Average Grant Date Fair Value Restricted stock units outstanding as of September 30, 2017 | $ / shares	$ 12.78

Stockholders_ Equity and Equi39

Stockholders’ Equity and Equity-Based Compensation (Details Textual) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	480,000,000	480,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Omnibus Incentive Plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	6,100,000

Net Loss Per share (Details)

Net Loss Per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator:
Net loss	$ (46,409)	$ (39,539)	$ (88,550)	$ (74,651)
Denominator:
Weighted-average shares outstanding - basic and diluted	120,584,316	28,369,644	60,120,689	28,369,644
Net loss per share - basic and diluted	$ (0.38)	$ (1.39)	$ (1.47)	$ (2.63)

Net Loss Per share (Details Tex

Net Loss Per share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	281,019	281,019	281,019	281,019

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Percent	(22.70%)	(25.00%)	(24.00%)	(38.20%)
Expected Annual Effective Tax Rate			24.50%

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Operating Leases, Rent Expense	$ 4.3	$ 4.2	$ 10.9	$ 8.6
Other Liabilities [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred Rent Credit	$ 8.4		$ 8.4		$ 9.4

Geographic Information (Details

Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 159,729	$ 150,778	$ 462,678	$ 319,308
Americas - U.S. [Member]
Revenue	100,125	102,851	306,167	214,329
Rest of Americas[Member]
Revenue	12,563	11,763	38,040	17,988
EMEA [Member]
Revenue	40,307	30,645	100,430	80,674
APAC [Member]
Revenue	$ 6,734	$ 5,519	$ 18,041	$ 6,317

Geographic Information (Detai45

Geographic Information (Details 1) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Long-lived assets, net	$ 1,650,959	$ 1,647,476
Americas - U.S. [Member]
Long-lived assets, net	1,162,481	1,188,000
Rest of Americas[Member]
Long-lived assets, net	118,110	115,223
EMEA [Member]
Long-lived assets, net	340,359	313,373
APAC [Member]
Long-lived assets, net	$ 30,009	$ 30,880