RhythmOne PLC Completion of Acquisition (5564U)
19 January 2017 - 7:30PM
UK Regulatory
TIDMRTHM
RNS Number : 5564U
RhythmOne PLC
19 January 2017
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 19, 2017 03:30 ET (08:30 GMT)
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