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PRWEB Sold to Vocus for $28 Million
Brett_Tabke




msg:3040673
 1:17 am on Aug 10, 2006 (gmt 0)

PRWeb - one of the long time Press Release services was sold on monday for a reported $28million.

[washington.bizjournals.com...]

Vocus is paying $28 million in cash and stock for a company that develops technologies to help clients get their news to journalists and to the top of search engines.

Lanham-based Vocus, which make software for corporate communications and public relations, has acquired PRWeb of Ferndale, Wash., for $20.8 million in cash and 494,543 shares of Vocus stock.


 

rogerd




msg:3040684
 1:30 am on Aug 10, 2006 (gmt 0)

Good for them. Nice to see Pubcon regulars do well. I think they did a lot of things right, including understanding SEO long before any other competitors.

foxtunes




msg:3040897
 6:44 am on Aug 10, 2006 (gmt 0)

Christmas come early for Vocus, they snapped up a bargain.

Tor




msg:3040907
 6:57 am on Aug 10, 2006 (gmt 0)

How do you know it`s a bargain? Do you have any insight in their financial status? ;)

Manga




msg:3041139
 12:43 pm on Aug 10, 2006 (gmt 0)

Hopefully Vocus won't raise the prices ;))

trillianjedi




msg:3041142
 12:47 pm on Aug 10, 2006 (gmt 0)

Christmas come early for Vocus, they snapped up a bargain.

Agreed. Thats a surprisingly low price.

maherphil




msg:3041322
 3:22 pm on Aug 10, 2006 (gmt 0)

yeah total congrats to the PR Web guys. I feel like they have been one of the cornerstones in the industry...plus they helped me get LOTS of traffic to sites ;)

Rugles




msg:3041353
 3:54 pm on Aug 10, 2006 (gmt 0)

Good work, well deserved.

Can't remember who it is but I think they have members here.

Brett_Tabke




msg:3042500
 12:13 pm on Aug 11, 2006 (gmt 0)

Have also heard that mgt threw over $3million in bonuses at employees. DM's office was said to be a river of tears when he started handing out as much as 100k each to employees...

wheel




msg:3042686
 2:25 pm on Aug 11, 2006 (gmt 0)

That's fabulous. I always dropped by PRWeb's booth at WebmasterWorld conferences and they're sessions were always very informative. Good for them.

Not surprised they treated their employees so well. They seem like a class act.

sem4u




msg:3042740
 3:08 pm on Aug 11, 2006 (gmt 0)

Congratulations to PRWeb's employees.

I have certainly benefited from their press release distribution services over the years.

wmuser




msg:3044985
 9:28 pm on Aug 13, 2006 (gmt 0)

Congrats to prweb

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