Perion Network Ltd. (NASDAQ: PERI), today announced it has signed a
two-year, non-exclusive, renewal with Google, extending the Company's
relationship with the search provider, effective May 1, 2013.
Mr. Josef Mandelbaum, Perion’s CEO, said, “This is an important
milestone for our long term growth strategy and we are very pleased to
extend our strategic relationship with Google, now entering its eighth
year. While the terms of the new contract are confidential, we can say
that the business terms are slightly better than those achieved under
the previous contract. In addition, I am happy to report that this
renewal signifies our full support of, and commitment to comply with,
Google's updated downloadable software policies."
About Perion Network Ltd.
Perion Network, Ltd. (NASDAQ: PERI) is a global consumer internet
company that develops applications to make the online experience of its
users simple, safe and enjoyable. Perion’s three main consumer brands
are: Incredimail, Smilebox and SweetIM. Incredimail
is a unified messaging application enabling consumers to manage multiple
email accounts and Facebook messages in one place with an easy-to-use
interface and extensive personalization features, and is available in
over 100 countries in 8 languages; Smilebox
is a leading photo sharing and social expression product and service
that quickly turn life's moments into digital keepsakes for sharing and
connecting with friends and family, in a fun and personal way. SweetIM
is an instant messaging application that enables consumers to
personalize their everyday communications with free, fun and easy to use
content. Perion products have had over 300 million downloads to date
with more than 50 million monthly visitors across all of its brands.
Most of Perion’s applications are monetized through a freemium model.
Free versions of our applications are monetized primarily through our
toolbar which generates search revenue and display advertising revenue,
generated through impressions. A more advanced feature-rich version of
many of our products is available with a premium upgrade. Perion also
offers and develops a range of products for mobile phones and tablets to
answer its users increasing mobile demands. For more information on
Perion please visit www.perion.com.
Forward Looking Statements
This press release contains historical information and forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995 with respect to the business, financial condition and
results of operations of the Company. The words “will”, “believe,”
“expect,” “intend,” “plan,” “should” and similar expressions are
intended to identify forward-looking statements. Such statements reflect
the current views, assumptions and expectations of the Company with
respect to future events and are subject to risks and uncertainties.
Many factors could cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, or financial information, including, among
others, risks that the Company’s acquisition activities may disrupt
current plans and operations and pose difficulties in employee
retention, risks entailed in integrating acquired business, changes in
the markets in which the Company operates and in general economic and
business conditions, loss of key customers and unpredictable sales
cycles, competitive pressures, market acceptance of new products,
inability to meet efficiency and cost reduction objectives, changes in
business strategy and various other factors, whether referenced or not
referenced in this press release. Various other risks and uncertainties
may affect the Company and its results of operations, as described in
reports filed by the Company with the Securities and Exchange Commission
from time to time, including its annual report on Form 20-F for the year
ended December 31, 2011. The Company does not assume any obligation to
update these forward-looking statements.
Source: Perion Network Ltd.