Perion extends Google deal

Perion CEO: We are very pleased to extend our strategic relationship with Google, now entering its eighth year.

Perion Networks Inc. (Nasdaq:PERI: TASE:PERI) today announced that it has signed a two-year, non-exclusive, renewal with Google, extending the relationship with the search provider, effective May 1, 2013.

Perion CEO Josef Mandelbaum 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."

Perion is a consumer internet company that develops applications to make the users' online experience 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. It is available in over 100 countries in 8 languages.

Smilebox is 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.

Published by Globes [online], Israel business news - - on April 25, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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