.2Performant, a Romanian technology and associate advertising solutions company, declared on Monday, September 9, at the Bucharest Stock Market, that it aims to acquire the Profitshare associate networks in Romania and also Bulgaria coming from Conversion Marketing. Concurrently, Dante International, the manager of eMAG, will certainly become an investor in 2Performant.On September 6, 2Performant’s Panel of Supervisors concluded an initial contract to obtain the Profitshare.ro and also Profitshare.bg affiliate systems owned through Conversion Advertising S.R.L. as well as Conversion Advertising EOOD.
The agreement describes the concepts of the purchase and also is not lawfully binding, according to the company push presented by Economedia.The function includes the transfer of the Profitshare service lines from Conversion Advertising S.R.L. and Sale Advertising EOOD (as vendors) to 2Performant (as the shopper). Dante International S.A.
(large number shareholder of Sale Advertising S.R.L.) are going to be part of your business move agreement as a backer.” When the Profitshare deal is finished, our team will certainly increase our current ability and expand our client collection in both Romania and Bulgaria. We still have a few essential actions to complete, but I am actually self-assured that the staffs associated with the deal on both edges are going to take care of to accomplish all of them properly. Our team are going to announce our post-acquisition strategies after completing the acquisition depending on to the last agreement,” stated Dorin Boerescu, Chief Executive Officer and Founder of 2Performant System.The transaction price is RON 4.3 thousand, as well as will certainly be spent 55% in money as well as 45% in 2Performant shares via a capital boost..” 2Performant is actually a younger and powerful business along with values that sound along with our team.
Our team anticipate that, after the transaction is wrapped up, the Profitshare organization integrated along with 2Performant will definitely provide greater worth to its own clients,” said Tudor Manea, General Manager of Dante International SA.2Performant also notes that a number of measures continue to be to accomplish as well as complete the deal, such as the effective completion of the due diligence study by 2Performant.Profitshare was actually released in 2012 and also presently possesses a profile of 250 affiliate courses (consisting of the eMAG group) in Romania as well as Bulgaria.radu@romania-insider.com.( Photo source: the provider).