LANHAM, MD: Vocus announced $96.8 million in revenue for 2010, a 14% year-over-year increase from 2009, but profit was down roughly $1 million from the previous year.
In its fourth quarter earnings statement, the company also announced its acquisition of Engine140, a San Francisco-based company that makes software to help brands and small companies build a Twitter presence. Terms of the deal, which closed on December 23, were not disclosed.
Vocus CEO Rick Rudman said in a statement he was pleased with the earnings and the overall results of the year.
In the fourth quarter the company added 822 new subscribers and roughly 4,000 during the year. Revenue for the fourth quarter was $26 million, an 18% increase from the same period in 2009.
Part of the company's revenue growth comes from its buying spree in 2010. With the purchase of Engine140, altogether the company acquired four companies during the year. Those companies include the journalist-PR connection service HARO (Help a Reporter Out), the France-based company DataPress, and BDL Media in China.
Only the purchase price of DataPress was disclosed, which was $10 million.