Affiliate

Romanian affiliate marketing business 2Performant acquires Profitshare, partners with eMAG manager

.2Performant, a Romanian modern technology and also partner advertising and marketing solutions business, announced on Monday, September 9, at the Bucharest Stock Exchange, that it plans to get the Profitshare partner systems in Romania and Bulgaria coming from Sale Marketing. At the same time, Dante International, the owner of eMAG, will certainly end up being an investor in 2Performant.On September 6, 2Performant's Panel of Directors ended a preliminary contract to acquire the Profitshare.ro as well as Profitshare.bg affiliate networks possessed by Sale Marketing S.R.L. and Transformation Marketing EOOD. The agreement describes the guidelines of the transaction as well as is not legitimately binding, corresponding to the business push presented through Economedia.The operation entails the transactions of the Profitshare company lines coming from Conversion Advertising and marketing S.R.L. and also Transformation Advertising EOOD (as dealers) to 2Performant (as the purchaser). Dante International S.A. (a large number shareholder of Sale Marketing S.R.L.) will definitely become part of the business transfer deal as a sponsor." As soon as the Profitshare transaction is accomplished, our company will grow our present ability and diversify our customer collection in both Romania as well as Bulgaria. Our team still have a handful of necessary steps to accomplish, however I am actually certain that the staffs involved in the transaction on both sides will definitely manage to complete all of them properly. We will declare our post-acquisition plans after wrapping up the investment depending on to the final arrangement," claimed Dorin Boerescu, CEO and also Founder of 2Performant System.The transaction cost is RON 4.3 thousand, and also will definitely be actually spent 55% in cash money as well as 45% in 2Performant shares with a funds increase.." 2Performant is a young and also vibrant firm with values that resonate along with our team. Our experts expect that, after the deal is wrapped up, the Profitshare business integrated with 2Performant is going to supply higher value to its clients," claimed Tudor Manea, General Manager of Dante International SA.2Performant also notes that a number of actions stay to complete as well as complete the transaction, including the effective conclusion of the as a result of diligence review by 2Performant.Profitshare was released in 2012 and currently possesses a portfolio of 250 partner plans (featuring the eMAG team) in Romania and Bulgaria.radu@romania-insider.com.( Image resource: the company).