Affiliate

Romanian affiliate advertising firm 2Performant obtains Profitshare, partners with eMAG owner

.2Performant, a Romanian innovation as well as affiliate marketing options company, revealed on Monday, September 9, at the Bucharest Stock Market, that it means to acquire the Profitshare partner networks in Romania and also Bulgaria coming from Sale Marketing. Simultaneously, Dante International, the owner of eMAG, are going to come to be an investor in 2Performant.On September 6, 2Performant's Panel of Supervisors ended a preparatory contract to get the Profitshare.ro and also Profitshare.bg affiliate networks had through Sale Advertising S.R.L. as well as Conversion Advertising And Marketing EOOD. The contract details the principles of the deal and is not lawfully binding, corresponding to the firm push presented by Economedia.The operation involves the move of the Profitshare business lines from Transformation Marketing S.R.L. and Conversion Advertising And Marketing EOOD (as sellers) to 2Performant (as the purchaser). Dante International S.A. (bulk shareholder of Sale Advertising S.R.L.) are going to be part of your business transactions contract as a sponsor." When the Profitshare deal is completed, our company will certainly expand our existing capability as well as transform our customer profile in both Romania and also Bulgaria. Our experts still have a few vital actions to complete, yet I am self-assured that the crews associated with the transaction on both sides will certainly manage to finish all of them successfully. Our team will definitely announce our post-acquisition programs after wrapping up the acquisition according to the ultimate contract," said Dorin Boerescu, CEO and Co-Founder of 2Performant Network.The deal rate is RON 4.3 thousand, and also are going to be actually paid out 55% in cash money as well as forty five% in 2Performant shares via a capital increase.." 2Performant is a young and also powerful provider along with market values that resonate with our company. Our company assume that, after the transaction is actually wrapped up, the Profitshare company integrated with 2Performant will certainly deliver better market value to its clients," pointed out Tudor Manea, General Supervisor of Dante International SA.2Performant additionally keeps in mind that a number of actions stay to finish and complete the purchase, including the successful conclusion of the due diligence evaluation by 2Performant.Profitshare was released in 2012 and also presently has a profile of 250 associate plans (including the eMAG team) in Romania and also Bulgaria.radu@romania-insider.com.( Picture resource: the provider).