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Romanian associate advertising provider 2Performant obtains Profitshare, partners along with eMAG owner

.2Performant, a Romanian technology and associate marketing remedies firm, declared on Monday, September 9, at the Bucharest Stock Market, that it means to acquire the Profitshare affiliate networks in Romania and also Bulgaria from Conversion Advertising And Marketing. Concurrently, Dante International, the proprietor of eMAG, will certainly come to be an investor in 2Performant.On September 6, 2Performant's Board of Supervisors wrapped up a preparatory agreement to get the Profitshare.ro and also Profitshare.bg affiliate networks had through Transformation Advertising And Marketing S.R.L. as well as Transformation Advertising EOOD. The contract describes the concepts of the deal and is not officially binding, according to the firm push cited by Economedia.The function includes the transmission of the Profitshare organization lines from Transformation Marketing S.R.L. as well as Conversion Marketing EOOD (as homeowners) to 2Performant (as the customer). Dante International S.A. (large number investor of Sale Marketing S.R.L.) will certainly become part of business transmission contract as a backer." Once the Profitshare purchase is finished, our company are going to broaden our present capability as well as expand our client portfolio in both Romania as well as Bulgaria. We still have a couple of significant measures to accomplish, yet I am actually certain that the staffs involved in the transaction on both edges will certainly take care of to complete all of them efficiently. We will certainly reveal our post-acquisition programs after completing the acquisition depending on to the ultimate contract," claimed Dorin Boerescu, Chief Executive Officer and also Co-Founder of 2Performant Network.The purchase rate is actually RON 4.3 million, as well as will be actually spent 55% in cash money and also 45% in 2Performant shares with a funding boost.." 2Performant is actually a youthful and powerful provider along with market values that resonate along with our company. We assume that, after the deal is finalized, the Profitshare service incorporated along with 2Performant is going to deliver better value to its customers," said Tudor Manea, General Supervisor of Dante International SA.2Performant additionally notes that a number of steps remain to accomplish and finalize the transaction, including the effective fulfillment of the as a result of diligence study by 2Performant.Profitshare was released in 2012 and currently has a portfolio of 250 associate plans (including the eMAG team) in Romania and Bulgaria.radu@romania-insider.com.( Photograph resource: the business).

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