Market Overview

Perion Acquires SweetPacks

Perion Network (NASDAQ: PERI), today announced the acquisition of SweetIM
(a.k.a. “SweetPacks”), an Israeli consumer internet company.
SweetPacks produces a variety of free, fun, easy to use and safe apps
and downloadable content for everyday use.

“I am very excited about this powerful acquisition that builds off of
our great Q3 numbers and accelerates our growth rate. In addition, the
acquisition significantly increases our revenues, nearly doubles our
profits and expands our profit margins enabling us to exceed $100
million in revenue in 2013,” commented Josef Mandelbaum, Perion's Chief
Executive Officer.

SweetPacks
generated $29.7 million in revenues in the 12 month period ending

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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