Perion Network Ltd., the Israeli maker of Internet tools set for the longest stretch of quarterly gains on record, will surpass AOL Inc. in the U.S. search market after a reverse merger with a unit of Conduit Ltd., Chief Executive Officer Josef Mandelbaum said.
“We’re going to have 2 percent of U.S. searches and be bigger than AOL,” Mandelbaum said in an interview with Bloomberg Television in Tel Aviv yesterday. It’s “certainly possible” that Perion achieves $1 billion in sales in the next three to five years.
