SOURCE: GlobalWide Media, Inc.
WESTLAKE VILLAGE, CA--(Marketwire - Jul 31, 2012) - GlobalWide Media Inc., a leading global performance-based affiliate marketing and internet technology company, announced today the signing of a purchase agreement to acquire Neverblue Media Company ("Neverblue") from its parent company, V2V Holdings.
Neverblue, based in Victoria, British Columbia, is a global performance-based online marketing company with capabilities across multiple online media channels, including mobile, search engine marketing, email, social media and display advertising. The combination will create the premier global cost-per-action (CPA) digital marketing company in the industry.
"We are excited to enhance our capabilities and reach with the Neverblue acquisition," announced Farshad Fardad, CEO of GlobalWide Media. "GlobalWide Media's and Neverblue's core competencies are highly complementary and will allow the combined company to further accelerate the growth initiatives of both companies, with the ultimate goal of delivering profitable highly targeted customers to our advertisers and additional value for our media partners."
"The Neverblue team has developed solid relationships and partnerships in the industry that have contributed to the company's success. We look forward to building upon these efforts of the Neverblue team," Fardad added.
"We look forward to continuing to provide great service to our clients and to investing in the growth of our business together with GlobalWide Media," said Hakan Lindskog, CEO of Neverblue.
GlobalWide Media was recognized as one of the Best Places to Work in Los Angeles list in 2011, while Neverblue earned recognition as the Employer of the Year in 2009 by Viatec. In addition, Neverblue was named the top CPA network according to the 2012 Blue Book ratings.
Q Advisors, a Denver and San Francisco based boutique investment bank, acted as the exclusive financial advisor to Neverblue and its parent in connection with the transaction.
Headquartered in Victoria, British Columbia with offices in Los Angeles, Europe and Asia, Neverblue is a premier global customer acquisition and lead generation company that delivers millions of profitable customers to clients across the world, including members of the Fortune 1000™. For more information, visit www.neverblue.com.
ABOUT GLOBALWIDE MEDIA
GlobalWide Media Inc. is a leading performance-based online affiliate marketing and internet technology company that connects advertisers with targeted consumer audiences via multiple online marketing channels, including affiliate marketing, display advertising, search engine marketing, social media, mobile, and email marketing. GlobalWide Media also provides an agency service that includes campaign management planning, testing and optimization that provides ROI-based advertisers consistent results for acquiring new customers and sales worldwide. GlobalWide Media is headquartered in Westlake Village, California, USA. For more information, visit www.globalwidemedia.com