Perion - M&A Summary and Business Overview

Internet Software And ServicesCompany

Perion M&A Summary

Perion has acquired 9 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms.

Perion’s largest acquisition to date was in 2015, when it acquired Intercept Interactive for $180M. Perion has acquired in 2 different US states, and 5 countries. The Company’s most targeted sectors include marketing (34%) and information technology (23%).

Perion Business Overview

Where is Perion headquartered?

Perion is headquartered in Holon, Israel.

What is Perion’s revenue?

Perion disclosed revenue of 743M USD for 2023 and 640M USD for 2022.

How many employees does Perion have?

Perion has 420 employees.

What sector is Perion in?

Perion is an internet software and services company.

When was Perion founded?

Perion was founded in 1999.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2
  • M&A Advisors 6

Perion

Perion Network Ltd.

Azrieli Center 1, Building A 4th Floor 26 HaRokmim Street,
Holon, 5885849
Israel,
+972 7 3398 1000
www.perion.com

Perion is a performance-based media and Internet company, providing online publishers and app developers advanced technology and a variety of intelligent, data-driven solutions to monetize their application or content and expand their reach to larger audiences, based on its own experience as an app developer. Perion's software monetization platform, Perion Codefuel, empowers digital businesses to optimize installs, analyze data and maximize revenue. Our app promotion platform, Perion Lightspeed, enables developers to make wise decisions on where to spend advertising budgets to produce the highest yield and the most visibility. Perion was founded in 1999 and is based in Holon, Israel.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 6 1 1 - 1 - 9
vol $242M $22M $94M $100M $458M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Hivestack, Inc. 2023-12-12 100M USD Add-on Acquisition
Montreal, Quebec · www.hivestack.com
Vidazoo Ltd. 2021-10-04 94M USD Add-on Acquisition
Tel-Aviv, Israel · www.vidazoo.com
Pub Ocean 2020-07-22 22M USD Add-on Acquisition
New York, New York · www.pubocean.com
Septa Communications LLC 2019-04-01 - Add-on Acquisition
Kiev, Ukraine · www.captaingrowth.ai
Intercept Interactive, Inc. (Undertone Networks) 2015-12-01 180M USD Add-on Acquisition
New York, New York · www.undertone.com
MakeMeReach 2015-02-11 - Add-on Acquisition
Paris, France · www.makemereach.com
Grow Mobile, Inc. 2014-06-30 17M USD Add-on Acquisition
Menlo Park, California · www.growmobile.com
Conduit’s ClientConnect business 2014-01-02 - Add-on Acquisition
New York, New York
SweetIM Technologies Ltd. 2012-12-03 45M USD Add-on Acquisition
Raanana, Israel · www.sweetim.sweetpacks.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Marketing 3 (33%) 280M (61%) - -
Information Technology 2 (22%) 94M (20%) - -
Media 2 (22%) 22M (5%) - -
Internet Software and Services 1 (11%) 45M (10%) - -
Software 1 (11%) 17M (4%) - -
Total 9 $458M - -

By Geo

State/Country Buy Value Sell Value
United States 4 219M - -
  New York 3 202M - -
  California 1 17M - -
Israel 2 139M - -
Canada 1 100M - -
  Quebec 1 100M - -
France 1 - - -
Ukraine 1 - - -
Domestic 2 (22%) 139M (30%) - -
Cross-border 7 (78%) 319M (70%) - -
Total 9 $458M - -

Top M&A Advisors

Financial Deals
JMP Securities
1
Needham & Co. LLC
1
Waller Capital Partners LLC
1
Legal Deals
Kramer Levin Naftalis & Frankel
1
Goldfarb Seligman
1

Deal Values

buy # Total
$100M to $1B 1 $180M
< $100M 5 $278M
TOTAL $458M
Largest Intercept Interactive, Inc. (Undertone Networks)
$180M (2015-12-01)

M&A Connections

Deals
Acquired from
Investor(s)
11%
1 (11%)
Strategic(s)
11%
1 (11%)

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