NEW YORK – MIVA, Inc., (NASDAQ:MIVA), a global digital media company, today announced the signing of a two year, €960,000 (approximately $1.4mm) Pay-Per-Click agreement with leading Nordic search and directory company, Eniro. The new agreement renews an agreement originally signed between the two companies in 2005.
Under the terms of the new agreement, it is expected that Eniro will continue to utilize MIVA’s technology platform in the Nordic region to offer an Eniro branded Pay-Per-Click product to advertisers looking to reach targeted online audiences and publishers looking to generate Pay-Per-Click revenue from their web properties.
“I believe that combining MIVA’s technology with Eniro’s brand equity, local sales force and industry leading suite of online properties provides Scandinavian advertisers and publishers with a best-of-breed Pay-Per-Click solution,” commented Sloan Gaon, SVP, Global Strategy / Corporate Development, MIVA.
Added Christer Pettersson, Online Manager, Eniro:
“We are continuing to focus on accelerating our online growth by both increasing the value of our own web properties and building out our third party Pay-Per-Click network. We believe that leveraging MIVA’s proven expertise in online advertising helps us meet this objective and in turn maximize our online ad revenues.”
Eniro’s Pay-Per-Click network includes the company’s own web properties as well as a portfolio of third party web publishers. The new agreement will cover the Nordic region, where Sweden at the moment is the prime market.
About MIVA®, Inc.
MIVA, Inc. (NASDAQ:MIVA) is a global digital media company with a mission to deliver valuable digital audiences to advertisers. MIVA has two focuses to its business: owning and operating a growing portfolio of consumer destination sites and interest-specific toolbars, through its MIVA Direct division; and running a third-party contextual Pay-Per-Click ad network focused on key vertical sectors, through its MIVA Media division. MIVA, Inc. operates across North America and Europe.