Pay-per-click and affiliate marketing network Miva has hired an investment bank to explore and evaluate strategic options, including a potential sale of the company.

The company tapped Deutsche Bank Securities to help Miva's board of directors explore options that could include "the raising of capital through the sale of securities or assets of the company, a recapitalization, strategic acquisitions, and the combination, sale or merger of the business with another entity offering strategic opportunities for growth," according to a statement issued today.

"A sale is an option, but there are plenty of other options we're looking at too," Craig Pisaris-Henderson, Miva's chairman and CEO, told ClickZ News. "We're looking at a range of opportunities, the bottom line being to see how we can enhance or increase shareholder value. We've built these tremendous assets on a global basis, and we don't believe that value is being reflected in the marketplace."

Find out more about Miva's sale at http://www.clickz.com/news/article.php/3576441.