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Romanian affiliate advertising and marketing business 2Performant acquires Profitshare, companions with eMAG owner

.2Performant, a Romanian technology and affiliate marketing remedies firm, revealed on Monday, September 9, at the Bucharest Stock Exchange, that it wants to obtain the Profitshare partner networks in Romania as well as Bulgaria coming from Transformation Advertising And Marketing. Together, Dante International, the manager of eMAG, will end up being an investor in 2Performant.On September 6, 2Performant's Panel of Supervisors ended a preliminary agreement to get the Profitshare.ro and Profitshare.bg affiliate systems had through Sale Marketing S.R.L. as well as Transformation Advertising And Marketing EOOD. The deal lays out the principles of the purchase and is actually certainly not officially binding, conforming to the company press pointed out through Economedia.The function involves the transmission of the Profitshare service lines from Conversion Marketing S.R.L. and also Transformation Advertising EOOD (as homeowners) to 2Performant (as the shopper). Dante International S.A. (a large number investor of Transformation Advertising and marketing S.R.L.) will become part of the business transactions deal as a backer." The moment the Profitshare deal is completed, our experts will definitely extend our current ability and diversify our customer collection in both Romania and Bulgaria. We still possess a handful of essential steps to accomplish, yet I am actually positive that the staffs involved in the purchase on each edges will certainly manage to accomplish all of them efficiently. We are going to reveal our post-acquisition plans after wrapping up the purchase according to the ultimate contract," claimed Dorin Boerescu, CEO and Founder of 2Performant System.The transaction cost is actually RON 4.3 thousand, as well as will certainly be actually paid 55% in cash money and 45% in 2Performant reveals with a funding increase.." 2Performant is actually a youthful and vibrant business along with values that reverberate along with our team. Our company anticipate that, after the purchase is actually finalized, the Profitshare business combined along with 2Performant will provide more significant value to its own clients," said Tudor Manea, General Manager of Dante International SA.2Performant additionally takes note that several steps continue to be to finish and also complete the transaction, including the productive finalization of the due carefulness study through 2Performant.Profitshare was released in 2012 as well as presently has a portfolio of 250 associate systems (including the eMAG group) in Romania and Bulgaria.radu@romania-insider.com.( Image resource: the business).