Perion Announces Three-Year Search Partnership with Ask.com
May 08 2013 - 8:06AM
Business Wire
Perion Network Ltd. (NASDAQ: PERI) announced today it has
entered into a three year non-exclusive search and distribution
relationship with Ask.com, a long-time recognized Q&A brand and
leader in the search industry and an operating business of IAC
(NASDAQ: IACI).
By partnering with Ask.com, Perion will be able to offer its
users Ask’s unique, customized search experience and applications.
Ask provides general search services as well as direct answers to
natural language questions to more than 100 million global users.
It’s also a demonstrated leader in delivering customized search
solutions to leading software companies worldwide.
Commenting on the agreement, Josef Mandelbaum, Perion's CEO,
said, "We are very excited to add Ask.com as a search partner. We
believe Ask.com’s unique approach to helping consumers find what
they are looking for is a great match for our audience. While we
can’t disclose the terms of the agreement due to confidentiality, I
can say that the agreement should be very beneficial economically
to Perion. It is non-exclusive, and is for three years, providing
long term stability for our business. With three different search
providers, Perion is now in the best position in its history for
optimizing its search offerings, benefitting both the Company and
our growing base of users."
"We are very happy to begin this new strategic relationship with
Perion," said Andrew Moers, President of the Ask Partner Network.
“This new alliance is a great opportunity for us to broaden Ask’s
reach and provide our customized solutions to Perion’s millions of
users. We look forward to working with Perion to deliver great
products to their customers."
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/A for the year ended December 31, 2012. The
Company does not assume any obligation to update these
forward-looking statements.
Source: Perion Network Ltd.
Perion Network (NASDAQ:PERI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Perion Network (NASDAQ:PERI)
Historical Stock Chart
From Jul 2023 to Jul 2024