Perion Appoints Mike Glover, Former President of Infospace, as General Manager of Search Business Unit
May 16 2017 - 7:05AM
Perion Network Ltd. (NASDAQ:PERI), a global technology leader in
advertising solutions for brands and publishers, announced today
that Mike Glover has agreed to join Perion’s search unit as General
Manager, effective May 15, 2017. Perion also announced that Amir
Nahmias, current General Manager of search, has decided to step
down in order to pursue other opportunities after nine years with
the Company. This change in search leadership is in line with
stated Company goals to fortify its search unit and strengthen its
relationship with Microsoft’s Bing.
Mr. Glover is an experienced leader in the search
field with a substantial amount of influence in the industry. He
joined InfoSpace Inc. in 2000 and played a critical role in
securing long-term agreements with strategic publishers and search
providers. He served as President of InfoSpace Inc. and has
more than 14 years of business development, sales and marketing
experience. Previously, Mr. Glover served as a Director of
Marketing and Product Development at Uniglobe.com.
“Perion is an innovative brand, holding a
significant market share in the search industry,” commented Mr.
Glover. “I am honored to be named General Manager of the search
business unit and am excited to join Perion’s strong search team,
leveraging my expertise to drive substantial growth via new
channels and to take the Company’s search unit to the next
level with strategic partners, including Bing.”
Doron Gerstel, Perion’s CEO also commented, “Mike’s
in-depth experience in the industry is essential for Perion’s
long-term strategy for growth in search. Mike understands and
believes in the search media market and will be a fantastic new
addition to spearhead this unit as we continue to evolve Perion as
a search industry leader. The position itself will be based in
Redmond in order to strengthen our key relationship with
Microsoft’s Bing.”
On the subject of the departure of Mr. Nahmias from
the company, Mr. Gerstel added, “I wish to thank Amir Nahmias for
almost a decade of dedication to Perion. Amir has been key to
strengthening Perion’s position in the search marketplace. Leading
by example, Amir has been instrumental in steering the Company
towards targeting higher quality publishers, has played an integral
part in strengthening Perion’s relationship with key industry
leaders, and has become an influential name in the search industry.
On behalf of the board, shareholders and the employees of Perion, I
wish him well in his future endeavors.”
About Perion Network Ltd.
Perion is a global technology company that delivers
advertising solutions to brands and publishers. Perion is
committed to providing data-driven execution, from high-impact ad
formats to branded search and a unified social and mobile
programmatic platform. More information about Perion may be found
at www.perion.com. Follow Perion on Twitter @perionnetwork.
Forward Looking StatementsThis
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 Perion. 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 Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion 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, the failure to realize the anticipated benefits of
companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we
acquire, including employee retention and customer acceptance; the
risk that such transactions will divert management and other
resources from the ongoing operations of the business or otherwise
disrupt the conduct of those businesses, potential litigation
associated with such transactions, and general risks associated
with the business of Perion including intense and frequent changes
in the markets in which the businesses operate and in general
economic and business conditions, loss of key customers,
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 Perion
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, 2016 filed with the SEC on March 7, 2017. Perion does
not assume any obligation to update these forward-looking
statements.
Contact Information:
Perion Network Ltd.
Investor relations
Vicky Batkin
+972 (73) 398-1000
investors@perion.com
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