Online affiliate marketing firm GlobalWide Media Inc. has acquired Neverblue Media Co., a Canadian marketing and advertising firm.

Terms of the deal between Westlake Village-based GlobalWide and Neverblue were not disclosed.

The acquisition enhances GlobalWide’s capabilities and reach and accelerates the growth initiatives of both companies, said Farshad Fardad, chief executive of GlobalWide.

“The Neverblue team has developed solid relationships and partnerships in the industry that have contributed to the company's success,” Fardad said in a prepared statement. “We look forward to building upon these efforts of the Neverblue team.”

Mark R.Madler