Undertone’s Captivating Creative and Innovative Technology Solution Win Four Awards at the 2019 Internet Advertising Competition

Campaigns grab audience attention and beat benchmarks with a
combination of unique creative formats and targeting strategies

TEL AVIV, Israel & NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24PERI&src=ctag” target=”_blank”gt;$PERIlt;/agt; lt;a href=”https://twitter.com/hashtag/DigitalAdvertising?src=hash” target=”_blank”gt;#DigitalAdvertisinglt;/agt;–Perion
Network
Ltd. (NASDAQ:PERI) announced today that Undertone,
a pioneer and leader in cross-platform Synchronized Digital Branding for
the world’s most prominent brands, has been awarded four Internet
Advertising Competition (IAC) awards from the Web Marketing Association
for its work with candy brand Airheads, Cayman Islands Department of
Tourism and sporting apparel retailer Champs Sports.

The awards are dedicated to online advertising and were developed to
recognize quality campaigns within 96 industries and nine digital
formats. Undertone’s engaging and eye-catching creative and
sophisticated audience targeting delivered on brand goal, earning them
this acknowledgement.

“We are so pleased with these IAC awards and their recognition of our
Airheads campaign,” said Rachel Chambers, Vice President of Marketing at
Perfetti Van Melle, maker of Airheads, whose campaign won two IAC
awards. “By working with Undertone on this campaign, including the
central gaming component, we have been able to bring to life our ‘Play
More, Play Delicious’ brand promise in a tangible way. To see that it’s
driving results is even more important.”

Undertone’s IAC Awards Include:

Airheads Play
More, Play Delicious
” – Best of Show Online Campaign and
Best Food Industry Online Campaign

This synchronized campaign
captured the Gen Z audience through the use of interactive gamification
ad units, a social extension on Snapchat and an easy access microsite,
resulting in an impressive 67,000 game-plays with a 20% completion rate.

The Cayman Islands Department of TourismCayman:
Cayman Islands Tourism Consumer 2018
” – Best Travel Online
Campaign

The compelling campaign included an immersive,
full-page unit, a mobile-only rich media banner, and a pivoting enhanced
standard unit with stunning design that generated remarkable creative
effectiveness and inspired positive emotions in consumers, validated
through System1 Research.

Champs Sports X Nike “Refresh
Your Game”
Best Retail Online Campaign
The campaign
propelled increased brand awareness and engagement around Champs Sports
partnership with Nike by targeting teen and young adult male athletes
through a mobile-only campaign. The campaign generated a 6.6% lift in
store visits, outperforming Foursquare’s 2-5% Apparel benchmark, and
drove the highest volume of store visits of any advertising partner.

“Undertone is gratified by this recognition, and we want to thank our
team for bringing their unparalleled strategic implementations and
creative talent to these campaigns,” said Doron Gerstel, CEO of Perion.
“With our efforts being embraced through the IAC by the influential Web
Marketing Association, our position as the market’s synchronized digital
branding experts is validated, providing an even stronger foundation as
we continue to work with brands to reimagine their digital advertising
strategies.”

For more information about Undertone’s winning ad formats, visit www.undertone.com.

About Undertone:
Undertone, a division of Perion Network
Ltd. (NASDAQ: PERI), provides cutting-edge technology solutions for the
world’s leading brands. Its proprietary Synchronized Digital Branding
combines data, distribution and creative to deliver cohesive stories
across all critical touchpoints: screens, platforms and a transparent,
customizable list of elite publishers. The AI-driven platform eliminates
fragmentation, delivers much-needed revenue for publishers and, most
importantly, ensures brand messaging is contextually relevant. Undertone
creates stunning campaigns that align with KPIs—always with beautiful
creative and in brand-safe environments. Learn more at www.undertone.com.

About Perion Network Ltd.:
Perion is a global technology
company that delivers advertising solutions to brands and publishers.
Perion is committed to providing data-driven execution, from high-impact
ad formats to branded search and a unified social and mobile
programmatic platform. More information about Perion may be found at www.perion.com.
Follow Perion on Twitter @perionnetwork.

Forward Looking Statements:
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of The Private Securities Litigation Reform Act of 1995 with respect to
the business, financial condition and results of operations of Perion.
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in general economic and business conditions, loss of key customers,
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whether referenced or not referenced in this press release. Various
other risks and uncertainties may affect Perion and its results of
operations, as described in reports filed by the Company with the
Securities and Exchange Commission from time to time, including its
annual report on Form 20-F for the year ended December 31, 2018 filed
with the SEC on March 19, 2019. Perion does not assume any obligation to
update these forward-looking statements.

Contacts

Perion Network Ltd.
Investor relations
Hila Barenboim
+972
(73) 398-1000
Investors@perion.com

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