Perion Network Ltd. (NASDAQ: PERI) confirmed that its search advertising business unit, CodeFuel, has become Microsoft Advertising’s 2021 Global Supply Partner of the Year. CodeFuel has been chosen as the Global Supply Partner. It is one of just five companies in the world to achieve the position of global partner in their respective fields.

This prestigious award is given to the company that has consistently demonstrated excellence in its engagement with Microsoft Advertising. The news was made on April 27, 2022, at Microsoft Advertising Elevate, the annual global partner meeting for Elite and Select partners. The year-over-year increase CodeFuel achieved represents the strong teamwork and dedication of its employees to its mutual success.

Microsoft is ecstatic to announce CodeFuel, a Perion Company, as its Global Supply Partner of the Year. This is an honor that recognizes the underlying business's success as a result of actual collaboration, intimate collaboration, and technological innovation. During a period of instability and uncertainty, CodeFuel's devotion to its clients has been outstanding. The company is looking forward to its continued collaboration and the company's healthy growth in all areas.

Furthermore, Perion stated that it has had ten-year cooperation with Microsoft, and that being named Microsoft's Advertising Partner of the Year is a proud moment in a long history of accomplishments. However, this is merely the beginning. As a result of customers' growing reliance on e-commerce, it is the category in which consumers display the highest level of intent. The CodeFuel and Microsoft teams worked closely together to capitalize on this generational shift, and the results speak for themselves. It will continue to expand its network of publishers in the future while preserving the high-quality standards that are so important to both firms.