M&A Deal Summary

Perion Acquires Intercept Interactive

On December 1, 2015, Perion acquired marketing company Intercept Interactive from JMI Equity for 180M USD

Acquisition Highlights
  • This is Perion’s 1st transaction in the Marketing sector.
  • This is Perion’s largest (disclosed) transaction.
  • This is Perion’s 3rd transaction in the United States.
  • This is Perion’s 2nd transaction in New York.

M&A Deal Summary

Date 2015-12-01
Target Intercept Interactive
Sector Marketing
Buyer(s) Perion
Sellers(s) JMI Equity
Deal Type Add-on Acquisition
Deal Value 180M USD
Advisor(s) Morgan Stanley (Financial)
Goodwin Procter (Legal)

Target

Intercept Interactive

New York, New York, United States
website
Intercept Interactive, Inc. (Undertone Networks) is a provider of advertising solutions for publishers and brands.

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Buyer(S) 1

Buyer

Perion

Holon, Israel

website


Category Company
Founded 1999
Sector Internet Software and Services
Employees417
Revenue 328M USD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 5 of 9
Sector (Marketing) 1 of 3
Type (Add-on Acquisition) 5 of 9
State (New York) 2 of 3
Country (United States) 3 of 4
Year (2015) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-11 MakeMeReach

Paris, France

MakeMeReach is a platform for advertisers and agencies to create, manage and optimize marketing campaigns on Facebook and Twitter. The platform emphasizes user friendliness and a high-quality user experience, and is based on easy-to-use, highly targeted campaign analysis, with optimizing ROI at the heart of its reports, thereby increasing the performance of advertisers’ campaign management while saving them time.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Captain Growth

Kiev, Ukraine

Captain Growth is a Ukrainian-based start-up that has developed a proprietary AI platform to better connect and deliver relevant campaign messages through the entire ad journey.

Buy -

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 75 of 105
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 51 of 66
State (New York) 3 of 6
Country (United States) 69 of 93
Year (2015) 8 of 8
Size (of disclosed) 23 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 Schoology

New York, New York, United States

Schoology, Inc. is a provider of software as a service (SaaS) Learning Management Systems (LMS) and collaboration tools to K-12 schools, higher education institutions, and corporate customers. Schoology, Inc. was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Avecto

Cheadle, United Kingdom

Avecto Ltd. is a provider of windows privilege management solutions. It help organizations to deploy secure and compliant desktops and servers. Avecto was founded in 2008 and is based in Cheadle, United Kingdom.

Buy £32M