Perk.com Inc. acquires VC-backed Playerize
Perk.com Inc., a leading cloud-based mobile rewards platform provider, has completed the acquisition of Playerize Network Inc. (d.b.a. SuperRewards).
Under the terms of the transaction Perk issued 455,000 Perk common shares and paid USD $350,000. The issuance of an additional 320,000 Perk common shares is subject to certain performance based targets being met in the first 12 months following closing of the transaction.
Playerize acquired SuperRewards in 2012, and is an innovator in alternative payments and virtual rewards. Its worldwide direct payments and performance advertising platform provides developers with monetization advantages while delivering engaged consumers to premiere brand advertisers. The company has previously received a number of investments, including from venture capital firms Real Ventures and Rho Canada Ventures.
SuperReward’s cofounders, Jeff Magnusson, and Lyal Avery, will be joining Perk.com.