Affiliate

Romanian affiliate advertising business 2Performant acquires Profitshare, companions with eMAG manager

.2Performant, a Romanian modern technology and affiliate marketing solutions business, announced on Monday, September 9, at the Bucharest Stock Exchange, that it aims to acquire the Profitshare associate networks in Romania and also Bulgaria from Sale Marketing. Concurrently, Dante International, the manager of eMAG, will become a shareholder in 2Performant.On September 6, 2Performant's Board of Supervisors concluded a preliminary agreement to acquire the Profitshare.ro and Profitshare.bg partner systems had through Conversion Marketing S.R.L. and also Transformation Advertising EOOD. The agreement summarizes the concepts of the transaction and is actually not legally binding, conforming to the company push cited through Economedia.The procedure involves the transactions of the Profitshare organization lines coming from Transformation Marketing S.R.L. and also Sale Advertising EOOD (as dealers) to 2Performant (as the customer). Dante International S.A. (a large number investor of Transformation Advertising S.R.L.) are going to belong to the business move agreement as a backer." As soon as the Profitshare transaction is actually accomplished, our team will extend our current ability and transform our customer portfolio in both Romania and Bulgaria. Our company still have a couple of essential steps to accomplish, but I am actually certain that the teams associated with the deal on each sides will definitely take care of to finish all of them effectively. Our company will announce our post-acquisition plannings after settling the acquisition depending on to the last agreement," mentioned Dorin Boerescu, CEO as well as Co-Founder of 2Performant Network.The transaction price is RON 4.3 thousand, and also will certainly be spent 55% in money and 45% in 2Performant reveals via a capital increase.." 2Performant is a younger and compelling provider with market values that reverberate with our team. We expect that, after the purchase is actually finalized, the Profitshare organization integrated with 2Performant is going to deliver more significant value to its customers," said Tudor Manea, General Supervisor of Dante International SA.2Performant likewise keeps in mind that numerous actions continue to be to accomplish as well as wrap up the purchase, like the prosperous conclusion of the due diligence evaluation by 2Performant.Profitshare was actually launched in 2012 and currently has a portfolio of 250 affiliate programs (consisting of the eMAG team) in Romania as well as Bulgaria.radu@romania-insider.com.( Photograph source: the provider).

Articles You Can Be Interested In