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Romanian partner advertising and marketing firm 2Performant acquires Profitshare, companions along with eMAG proprietor

.2Performant, a Romanian technology and partner advertising and marketing remedies business, announced on Monday, September 9, at the Bucharest Stock Exchange, that it wants to obtain the Profitshare affiliate systems in Romania and Bulgaria from Transformation Advertising. All at once, Dante International, the owner of eMAG, will definitely end up being a shareholder in 2Performant.On September 6, 2Performant's Board of Directors ended a preparatory contract to obtain the Profitshare.ro as well as Profitshare.bg associate networks had through Sale Advertising S.R.L. and also Transformation Marketing EOOD. The contract lays out the principles of the deal as well as is actually not legitimately binding, conforming to the provider press presented through Economedia.The procedure entails the move of the Profitshare organization lines coming from Transformation Advertising and marketing S.R.L. and also Transformation Marketing EOOD (as homeowners) to 2Performant (as the buyer). Dante International S.A. (bulk investor of Sale Marketing S.R.L.) will definitely be part of the business move contract as a backer." When the Profitshare transaction is actually finished, we are going to grow our existing capacity and also diversify our client portfolio in both Romania as well as Bulgaria. Our experts still possess a few important steps to complete, however I am positive that the teams associated with the transaction on both sides will handle to accomplish all of them effectively. We will reveal our post-acquisition plans after finalizing the purchase depending on to the last agreement," claimed Dorin Boerescu, CEO as well as Founder of 2Performant System.The transaction price is actually RON 4.3 thousand, and also will certainly be actually paid out 55% in cash money as well as 45% in 2Performant reveals via a resources increase.." 2Performant is actually a youthful and also vibrant firm along with values that resonate with our company. Our company expect that, after the transaction is actually completed, the Profitshare organization integrated along with 2Performant is going to supply more significant value to its clients," said Tudor Manea, General Manager of Dante International SA.2Performant likewise notes that numerous actions stay to complete and finalize the deal, including the effective completion of the as a result of carefulness review through 2Performant.Profitshare was released in 2012 and also currently has a portfolio of 250 affiliate courses (featuring the eMAG group) in Romania as well as Bulgaria.radu@romania-insider.com.( Picture source: the company).