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

.2Performant, a Romanian technology and affiliate marketing answers firm, introduced on Monday, September 9, at the Bucharest Stock Exchange, that it intends to get the Profitshare associate networks in Romania and Bulgaria from Conversion Marketing. At the same time, Dante International, the owner of eMAG, will come to be an investor in 2Performant.On September 6, 2Performant's Panel of Directors ended an initial contract to obtain the Profitshare.ro and also Profitshare.bg partner networks owned by Conversion Advertising And Marketing S.R.L. and also Sale Advertising EOOD. The contract summarizes the concepts of the transaction as well as is certainly not officially binding, according to the firm press presented through Economedia.The function entails the transactions of the Profitshare company lines from Transformation Marketing S.R.L. and Transformation Advertising EOOD (as dealers) to 2Performant (as the purchaser). Dante International S.A. (majority shareholder of Transformation Marketing S.R.L.) will be part of the business move deal as an underwriter." The moment the Profitshare transaction is completed, our company will definitely grow our existing capability and also transform our customer profile in both Romania and Bulgaria. Our team still have a handful of essential actions to complete, however I am positive that the groups involved in the deal on each sides are going to manage to accomplish all of them properly. Our company will definitely declare our post-acquisition plannings after finalizing the purchase according to the final contract," mentioned Dorin Boerescu, Chief Executive Officer as well as Co-Founder of 2Performant System.The transaction cost is RON 4.3 thousand, and also will be paid for 55% in money as well as forty five% in 2Performant portions through a resources rise.." 2Performant is actually a younger and also powerful business with values that resonate with our team. Our company assume that, after the deal is completed, the Profitshare service blended along with 2Performant will definitely provide more significant value to its own customers," stated Tudor Manea, General Manager of Dante International SA.2Performant also takes note that several measures continue to be to accomplish as well as finalize the transaction, like the effective conclusion of the due persistance evaluation through 2Performant.Profitshare was actually launched in 2012 as well as currently has a portfolio of 250 partner plans (featuring the eMAG team) in Romania and Bulgaria.radu@romania-insider.com.( Image resource: the business).