Perion Network Ltd. (PERI) Partners with Albertsons Media Collective to Enhance Targeted Advertising

Perion Network Ltd. (NASDAQ:PERI) is one of the cheap AI stocks to buy right now. On September 25, the company signed a strategic partnership with Albertsons Media Collective to provide advertisers with purchase-based audience data.

Advertisers will access audiences through Perion’s display and digital out-of-home advertising formats. The collaboration opens the door for marketers to reach over 100 million verified shoppers across Albertsons’ network of store locations, providing access to first-party data.

“This partnership showcases the power of Perion’s differentiated ad tech to connect premium media, retail intelligence and AI-driven measurement,” said Tal Jacobson, Perion’s CEO. “We’re unlocking new revenue streams by unifying retail data and high-impact media.”

The deal includes incremental sales measurement for digital out-of-home campaigns and closed-loop measuring capabilities for display advertising. The service offering for advertisers will include AI-driven optimizations.

Perion Network Ltd (NASDAQ:PERI) utilizes AI to power its digital advertising and marketing solutions, enhancing personalization, targeting, and campaign optimization across various channels, including web, social, audio, and CTV. Their AI-driven platforms analyze vast datasets to identify optimal moments for delivering personalized ads, improve engagement, and provide efficiency gains for brands and agencies.

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Disclosure: None. This article is originally published at Insider Monkey.