Perion Network Ltd. (NASD: PERI), announced that it has entered into a definitive agreement to acquire Grow Mobile, Inc., for up to $42 million, including $10 million of cash and $7 million of equity to be paid upfront.

Grow Mobile provides an innovative platform for mobile advertising that enables developers to buy, track, optimize, and scale user acquisition campaigns from a single dashboard.

(Read full article on Venturebeat: App Network Perion Acquires Mobile Ad Marketing Firm Grow)