Affiliate

Romanian associate advertising and marketing company 2Performant obtains Profitshare, partners with eMAG owner

.2Performant, a Romanian technology and affiliate marketing options company, announced on Monday, September 9, at the Bucharest Stock Exchange, that it aims to get the Profitshare partner networks in Romania and also Bulgaria from Conversion Advertising And Marketing. Simultaneously, Dante International, the manager of eMAG, are going to come to be an investor in 2Performant.On September 6, 2Performant's Board of Directors concluded an initial agreement to acquire the Profitshare.ro as well as Profitshare.bg affiliate systems possessed through Transformation Advertising S.R.L. as well as Transformation Advertising And Marketing EOOD. The deal outlines the guidelines of the transaction and is actually certainly not legitimately binding, conforming to the provider push presented through Economedia.The procedure includes the transmission of the Profitshare organization lines from Transformation Advertising S.R.L. as well as Transformation Advertising And Marketing EOOD (as dealers) to 2Performant (as the buyer). Dante International S.A. (a large number investor of Sale Advertising and marketing S.R.L.) will definitely become part of the business transmission agreement as a surety." When the Profitshare deal is actually finished, our experts will increase our current capacity and expand our client portfolio in both Romania and Bulgaria. Our team still have a few necessary measures to complete, but I am actually self-assured that the staffs involved in the deal on each edges will take care of to complete them efficiently. Our team will definitely reveal our post-acquisition plans after settling the acquisition according to the ultimate arrangement," mentioned Dorin Boerescu, Chief Executive Officer as well as Co-Founder of 2Performant Network.The deal price is actually RON 4.3 million, and also will certainly be actually paid out 55% in cash as well as forty five% in 2Performant shares via a capital boost.." 2Performant is actually a young as well as compelling firm with values that reverberate along with us. Our team anticipate that, after the transaction is finalized, the Profitshare organization mixed with 2Performant will deliver more significant market value to its own clients," mentioned Tudor Manea, General Supervisor of Dante International SA.2Performant likewise notes that numerous steps remain to finish as well as wrap up the deal, such as the productive conclusion of the due persistance study by 2Performant.Profitshare was actually released in 2012 as well as currently has a portfolio of 250 partner courses (consisting of the eMAG group) in Romania as well as Bulgaria.radu@romania-insider.com.( Image source: the provider).