Perion Network (PERI) Acquires Undertone in $180M Deal

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Go back to Perion Network (PERI) Acquires Undertone in $180M Deal

Perion Acquires Undertone

December 1, 2015 9:02 AM EST

Positioning Perion as a Leader in High-Quality Advertising Solutions for Brands and Publishers

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)-- Perion Network Ltd. (NASDAQ: PERI) (the Company) announced today that it has acquired Undertone, a leader in high-impact, cross-screen advertising solutions, for $180 million in total enterprise value. The acquisition will be immediately accretive and continues the strategic evolution of Perion into a global technology company delivering high-quality advertising solutions to brands and publishers.

Strategic Benefits of the Acquisition

Creates a differentiated independent ad tech platform with significant scale and profitability... More