Affiliate

Romanian affiliate marketing provider 2Performant gets Profitshare, companions with eMAG manager

.2Performant, a Romanian modern technology and also affiliate advertising solutions business, revealed on Monday, September 9, at the Bucharest Stock Exchange, that it wants to get the Profitshare affiliate networks in Romania as well as Bulgaria coming from Transformation Advertising. At the same time, Dante International, the owner of eMAG, are going to end up being an investor in 2Performant.On September 6, 2Performant's Panel of Directors ended a preparatory agreement to acquire the Profitshare.ro and Profitshare.bg partner systems had through Sale Marketing S.R.L. and also Conversion Marketing EOOD. The arrangement lays out the principles of the transaction as well as is actually certainly not officially binding, corresponding to the company press pointed out by Economedia.The procedure includes the move of the Profitshare business lines coming from Sale Advertising S.R.L. and Conversion Advertising And Marketing EOOD (as sellers) to 2Performant (as the shopper). Dante International S.A. (majority investor of Conversion Advertising and marketing S.R.L.) will certainly be part of your business move contract as a backer." Once the Profitshare transaction is completed, our company are going to increase our current ability as well as diversify our client portfolio in both Romania and also Bulgaria. Our company still have a few significant actions to accomplish, but I am actually self-assured that the teams involved in the deal on each edges are going to take care of to finish them properly. We will reveal our post-acquisition programs after completing the acquisition according to the last deal," mentioned Dorin Boerescu, CEO as well as Founder of 2Performant Network.The transaction rate is actually RON 4.3 thousand, as well as will certainly be spent 55% in cash and forty five% in 2Performant portions through a capital boost.." 2Performant is a younger and also powerful company along with values that resonate with our team. Our company assume that, after the transaction is settled, the Profitshare business incorporated with 2Performant will definitely deliver more significant market value to its own clients," mentioned Tudor Manea, General Supervisor of Dante International SA.2Performant additionally takes note that many measures remain to complete and also settle the transaction, like the effective finalization of the due persistance evaluation by 2Performant.Profitshare was released in 2012 as well as currently possesses a profile of 250 affiliate systems (featuring the eMAG group) in Romania and Bulgaria.radu@romania-insider.com.( Image source: the company).