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Posts Tagged ‘William R. Wagner’

Vocus Announces Q1 Earnings, Global Acquisitions, New Social Media Product

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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.

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Vocus CMO: We’ve Got $100M In The Bank, Which Gives Us ‘Ability To Look For Acquisitions’

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It seems that everyone and their brother is trying to get into the PR services market as of late. One company that has been in the game since 1999 is PR software company Vocus (NasdaqGM: VOCS). CMO William R. Wagner told PRNewser today the company is “still growing” throughout 2009.

Vocus has approximately $100 million cash on hand (Vocus’ Q3 earnings show $100,650,000 to be exact), which gives the company “the ability to look for acquisitions,” he said. Potential acquisitions could include international expansion, a “tech buy” or a “roll up” or “customer buy” in which the company would acquire a similar service or company for their customer base.

Vocus acquired press release distribution company PRWeb in August, 2006 for $28 million, consisting of $20.8 million in cash and 494,543 shares of Vocus common stock. Sources tell PRNewser PRWeb had also received interest at the time from PRNewswire and Business Wire. Wagner said PRWeb now accounts for about 15 to 20% of Vocus’ revenue.

RELATED: Vocus Announces Q3 Earnings: Revenue up 5%