19 Jan 2017 08:30
RHYTHMONE PLC ANNOUNCES CLOSING OF PERK ACQUISITION
London, England and San Francisco, California - 19 January 2017 - RhythmOne plc ("RhythmOne" or the "Company", LSE AIM: RTHM) is pleased to announce the completion of the acquisition (the "Acquisition") of Perk Inc. ("Perk", TSE: PER), the mobile-first supply side rewards and engagement platform.
The Acquisition accelerates the Company's strategy to build a unified programmatic platform with unique audiences of uniform quality at scale. Through Perk, RhythmOne gains access to a number of premium consumer mobile apps and web properties, adding exclusive inventory to the Company's supply side portfolio, as well as strategic demand relationships. The Acquisition also brings onboard a talented and experienced executive team with deep industry experience, and is expected to be accretive to RhythmOne in the first full year of ownership.
About RhythmOne
RhythmOne is a technology-enabled digital media company that connects online audiences with brands through premium content across devices. Founded in 2004, the Company pioneered Internet video search and works with digital advertisers, publishers and content providers to offer fully integrated, cross-screen solutions that span desktop and mobile video, rich media, display, social and native advertising, and content formats. Through its fully integrated programmatic platform, RhythmMax, the Company represents digital advertising inventory across owned, controlled and extended supply sources. The RhythmMax platform includes unique brand safety technology, RhythmGuard, which combines leading third-party verification and proprietary filtering technologies to ensure inventory quality in brand safe environments. RhythmOne's goal is to maximize the return on advertising spend and provide the most efficient and effective marketplace for digital advertising. The Company is headquartered in San Francisco, California with offices in the US, UK and Canada. For more information please visit www.rhythmone.com.
Analyst and Investor Contact
Dan Slivjanovski
RhythmOne plc
Financial Media Contacts
Edward Bridges / Charles Palmer
FTI Consulting LLP
(UK) 020 3727 1000
Nomad and Broker for RhythmOne
Nick Westlake (Nomad) / Lorna Tilbian / Mark Lander
Numis Securities Limited
(UK) 020 7260 1000