PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported first quarter 2010 revenue of $22.3 million, a 9% increase over the same period last year. However, the company also posted a net loss for Q1 2010 of $579,000, compared to $478,000 for the same period last year. The losses are slimmer than Vocus’ Q4 2010 loss of $821,000.
Vocus announced two acquisitions: BDL Media Ltd., a provider of on-demand public relations software and services in China, and Datapresse, a leading provider of media content and on-demand PR software in France. Both were privately held.
Vocus spent $10.8 million on Datapresse, while terms of the BDL Media deal were not disclosed, although Vocus CEO said BDL has less than $1 million in annual revenue. The companies have a combined 2,100 customers and $6 million in annual revenue.
“We’re now seeing some good stability in our end market…underscored by solid bookings both in renewals and new business,” said Vocus president and CEO Rick Rudman on a conference call.
The acquisitions are not surprising.