Perion Announces Search Agreement with Yahoo!
August 12 2013 - 7:01AM
Business Wire
Perion Network Ltd. (NASDAQ: PERI) today announced it has
entered into, and launched, a multi-year search and distribution
relationship with Yahoo! Inc.
Perion's easy-to-use, search services are now also powered by
Yahoo!, enabling the Company to further diversify and optimize its
search business. Through this agreement, Yahoo!’s search
marketplace and search experience is available to Perion's loyal
customer base.
Commenting on the agreement, Josef Mandelbaum, Perion's CEO,
said, "Yahoo! is one of the most recognized names in search, and a
company with a long history of innovation. Perion is pleased to add
Yahoo! as a search provider and hopes that this agreement is the
beginning of a long and fruitful relationship. Perion has now
partnered with four leading search providers, creating a balanced
and diversified strategic base for the Company’s search advertising
revenue stream."
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 unique visitors across all of its
brands. 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
http://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, potential litigation associated with the
transaction, risks that the Company's acquisition activities may
disrupt current plans and operations and pose difficulties in
employee retention, risks entailed in integrating acquired
businesses, 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.
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