Perion Network

Perion Acquires Hivestack, a Leading Global Full-Stack Digital Out-Of-Home (DOOH) Platform

Retrieved on: 
Tuesday, December 12, 2023

DOOH advertising transforms ordinary public spaces into dynamic experiences, engaging audiences with eye-catching, personalized content in real-time.

Key Points: 
  • DOOH advertising transforms ordinary public spaces into dynamic experiences, engaging audiences with eye-catching, personalized content in real-time.
  • It harnesses cutting-edge technologies to target, deliver and measure unforgettable, immersive ads that connect brands with people on the go.
  • With the acquisition of Hivestack, a programmatic DOOH technology innovator since 2017, Perion is entering an exciting market at its nascent stage, positioning the company to capitalize on its anticipated growth.
  • This global footprint will enable Perion to capitalize on economic trends impacting advertising budgets globally, and offer a variety of solutions in these additional markets.

Perion Appoints CEO Tal Jacobson to its Board of Directors

Retrieved on: 
Wednesday, November 22, 2023

Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels, including search, social, display, and video/CTV, announced today the appointment of Tal Jacobson, the Company's CEO, to the Board of Directors.

Key Points: 
  • Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels, including search, social, display, and video/CTV, announced today the appointment of Tal Jacobson, the Company's CEO, to the Board of Directors.
  • Tal is replacing former CEO, Doron Gerstel, following a transition and onboarding period.
  • “I am happy to welcome Tal as a member of the Board,” said Eyal Kaplan, Perion’s Chairman of the Board.
  • I look forward to continuing to work with the Board and the company’s management in positioning Perion for future success.”

LSINC to sell in the Middle East through new partnership with PRO TECHnology

Retrieved on: 
Thursday, December 7, 2023

PRO TECHnology, based in Dubai, the United Arab Emirates, will be LSINC's exclusive dealer in the region, selling and servicing the LSINC line of printers that print directly on cylindrical and tapered objects.

Key Points: 
  • PRO TECHnology, based in Dubai, the United Arab Emirates, will be LSINC's exclusive dealer in the region, selling and servicing the LSINC line of printers that print directly on cylindrical and tapered objects.
  • "We set a goal of taking our printers worldwide, and PRO TECHnology is absolutely the partner we want in the MENA region!
  • Jamal Maraqa, Founder and Managing Director of PRO TECHnology, expressed his enthusiasm about the collaboration and the innovative solutions LSINC brings to the table.
  • LSINC and PRO TECHnology will be together presenting the latest in printing technology at FESPA Middle East at the Dubai Exhibition Centre on January 29-31, 2024.

Perion Continues to Deliver Strong Results with 17% Year-Over-Year Increase in Revenue and 29% Growth in Adjusted EBITDA

Retrieved on: 
Wednesday, November 1, 2023

“Once again, our business results proved that our strategically diversified model gives us the agility to deliver continued growth,” stated Tal Jacobson, Perion’s CEO.

Key Points: 
  • “Once again, our business results proved that our strategically diversified model gives us the agility to deliver continued growth,” stated Tal Jacobson, Perion’s CEO.
  • “Despite macroeconomic headwinds, our third-quarter year-over-year revenue and adjusted EBITDA increased 17% and 29%, respectively.
  • These results were made possible by the ability to leverage our technological capabilities and focus resources on the strongest industry verticals to achieve top-line profitability and margin expansion.
  • Under our updated methodology, revenue generated from CTV in the third quarter of 2022 was $5.7 million vs. $7.4 million under the previous methodology.

Perion Network to Announce Third Quarter 2023 Financial Results on November 1, 2023

Retrieved on: 
Tuesday, October 10, 2023

Perion Network Ltd. (NASDAQ & TASE: PERI ), a global technology company whose synergistic solutions serve all major digital advertising channels – including search, social, display and video/CTV - today announced it plans to release third quarter 2023 results prior to the opening of the financial markets on Wednesday, November 1, 2023.

Key Points: 
  • Perion Network Ltd. (NASDAQ & TASE: PERI ), a global technology company whose synergistic solutions serve all major digital advertising channels – including search, social, display and video/CTV - today announced it plans to release third quarter 2023 results prior to the opening of the financial markets on Wednesday, November 1, 2023.
  • Tal Jacobson, CEO, and Maoz Sigron, CFO, will host a conference call to discuss the results on that day at 8:30 a.m.
  • In response to the current conflict in Israel, Perion management extends its most sincere sympathy and pledges its support to all of our employees and their families, our friends and colleagues in Israel.
  • The company's operations and business activity remain unaffected and continue to operate at normal levels.

Industry Leader Kenny Lau joins Perion as Chief Product Officer of its Advanced Advertiser Solutions

Retrieved on: 
Tuesday, September 19, 2023

Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels - including search, social, display, and video/CTV – announced today the appointment of Kenny Lau as Chief Product Officer of Perion’s Advertiser Solutions.

Key Points: 
  • Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels - including search, social, display, and video/CTV – announced today the appointment of Kenny Lau as Chief Product Officer of Perion’s Advertiser Solutions.
  • Through his experience in multiple domains of AdTech and large-scale platform development, Lau will expand Perion’s technology moat and ability to drive high-growth, high-margin, high-ROI solutions.
  • In his most recent role as Vice President of Product of Advertiser Solutions at PubMatic, he led a global product development team of over 100 engineers and product managers.
  • “Perion has demonstrated its ability to develop and successfully introduce innovative solutions that consistently outperform the industry,” said Tal Jacobson, Perion’s CEO.

Perion’s AI-Based SORT® Wins Digiday Technology Award for Mercedes-Benz USA Digital Campaign Success

Retrieved on: 
Wednesday, September 6, 2023

Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels - including search, display, social, video and CTV - announced today that its AI-based proprietary technology, SORT®, won the 'Best Cookieless Identification Technology' category at the 2023 Digiday Technology Awards.

Key Points: 
  • Perion Network Ltd. (NASDAQ and TASE: PERI), a global technology company whose synergistic solutions serve all major digital advertising channels - including search, display, social, video and CTV - announced today that its AI-based proprietary technology, SORT®, won the 'Best Cookieless Identification Technology' category at the 2023 Digiday Technology Awards.
  • View the full release here: https://www.businesswire.com/news/home/20230906985038/en/
    Perion’s SORT® Wins Digiday Technology Award (Graphic: Business Wire)
    The award recognizes the dramatic and measurable success of the digital campaign Perion created for Mercedes-Benz USA (MBUSA), utilizing SORT® for driving interest in MBUSA’s CPO vehicles, while achieving high standards of privacy.
  • "We built SORT® using innovative AI technology to deliver performance while safeguarding user privacy,” said Tal Jacobson, CEO of Perion.
  • The Digiday Technology Awards is one of the most prestigious recognitions in the industry, celebrating the very best in technological innovation.

Sisense Appoints Ayala Michelson Chief Product Officer as Company Continues to Demonstrate Strong Financial and Product Growth

Retrieved on: 
Monday, August 7, 2023

Michelson will oversee product engineering, product management and product marketing.

Key Points: 
  • Michelson will oversee product engineering, product management and product marketing.
  • Emphasis will be placed on product-led growth and providing developers with the tools they need to flexibly and efficiently embed analytics into their products and platforms.
  • At Gloat, Michelson spearheaded the launch of Gloat Talent Marketplace, a new product category as well as helped the company introduce new Data and Analytics product lines.
  • I am delighted to be joining the Sisense team at such an exciting time.”
    In the past year, Sisense has hit multiple financial milestones including profitability and double-digit product growth.

 Perion Network Expects 20% YoY Revenue Growth and 40% YoY Increase in Adjusted EBITDA in Second Quarter 2023

Retrieved on: 
Thursday, July 6, 2023

See a reconciliation table below

Key Points: 
  • See a reconciliation table below
    “The strength of our second quarter results reflects continued momentum of the business,” said Tal Jacobson, Perion’s incoming CEO.
  • “Both the second quarter and first six months highlight the power of our executional agility, underlying technological innovation and market fit.
  • Our diversified and scalable business model has allowed us to capitalize on recent positive market indications, resulting in improved margins and market share gains.
  • Incoming CEO Tal Jaconson and CFO Maoz Sigron will host a conference call to discuss the results at 8:30 a.m.

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Perion Network Ltd. (Nasdaq / TASE: PERI)

Retrieved on: 
Tuesday, May 23, 2023

However, in the February to March 2023 timeframe, Perion removed Yandex as a search partner on CodeFuel’s website.

Key Points: 
  • However, in the February to March 2023 timeframe, Perion removed Yandex as a search partner on CodeFuel’s website.
  • In Q1 2023, Perion also reported that revenue per search day declined -35% and -21% quarter-over-quarter and year-over-year, respectively.
  • Perion’s capital raising practices are troubling, and Spruce Point believes that Perion’s financing activities are a major red flag.
  • As disclosed, Spruce Point has a short position in Perion Network, Ltd. and owns derivative securities that stand to net benefit if its share price falls.