Tel Aviv-based Perion Network Ltd. (Nasdaq:PERI) agreed to purchase SweetIM Technologies Ltd., an Israeli Internet company, for $41 million.

SweetIM, which does business as SweetPacks, provides downloadable applications and other content. The Ra'anana Israel-based target had been on the auction block, with Perion reportedly competing with Babylon Ltd. (TASE:BBYL), a rival software firm. SweetIM's CEO Nadav Goshen once served as vice president of Yehuda, Israel-based Babylon.

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