CGI Holding Corporation, the parent of RTP-based search engine firm WebSourced, continues its barrage of technology acquisitions.

The latest deal for up to $26 million is to acquire PrimaryAds, a New Jersey-based provider of affiliate marketing services linking website publishers and online advertisers. The agreement was announced Tuesday morning.

CGI (Amex: THK), which is in the process of changing its name to Think Partnership, has acquired several firms in recent months, including MarketSmart Advertising in Raleigh.

The deal for PrimaryAds includes $10 million in cash and up to $13 million in cash and stock based on financial performance over the next 12 calendar quarters once the deal has closed. CGI said PrimaryAds employees and stockholders would receive additional stock options.

“The merger is expected to be immediately accretive to the earnings of CGI Holding Corporation,” CGI said in a statement.

The move is part of CGI’s plan to expand into affiliate marketing, which was a major goal for 2005, according to Gerard Jacobs, chief executive officer of CGI.

“We expect that, at its current run rate, PrimaryAds will add $4 million or more to our annual pre-tax income, and therefore we expect that the shareholders of PrimaryAds will earn most if not all of the $16 million earn-out portion of the merger consideration,” he said in a statement.

CGI now operates WebSourced, MarketSmart, Cherish, Inc., and Ozona Online and is in the process of merging with Meandaur, also known as Proceed Interactive, a marketing and communications agency.

CGI Holding: