Attached files
file | filename |
---|---|
8-K - FORM 8-K - COMSCORE, INC. | w79024e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
|
U.S. Contact: | |
Andrew Lipsman | ||
comScore, Inc. | ||
(312) 775-6510 | ||
press@comscore.com | ||
International Contact: | ||
Cathy McCarthy | ||
comScore, Inc. | ||
+44 (203) 111 1746 | ||
worldpress@comscore.com |
comScore Acquires Products Division of Nexius, Inc.
Expands Offerings for Mobile Operators Leveraging comScores Expertise in Managing Complex Data
RESTON, VA, July 1, 2010 comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world,
today announced that it has acquired the products division of Nexius, Inc., a leading provider of
mobile carrier-grade solutions that deliver network analysis focused on the experience of wireless
subscribers, as well as network intelligence with respect to performance, capacity and
configuration analytics. Nexius Xplore family of products enables network operators to enhance
operational efficiencies and prioritize capital expenditures based on customer demand in a
constantly changing environment. This acquisition further strengthens comScores position in the
mobile marketplace through expanded product offerings targeted at mobile operators. These products
provide analytics that operators can use internally to build smarter networks and improve customer
care, or at the operators sole discretion and in a manner that respects customer privacy
could feed into separate comScore tools for use by media partners to enable mobile as a medium.
Our acquisition of the products division of Nexius expands the value we are able to bring
operators through the actionable intelligence required to optimize customer experience, said Dr.
Magid Abraham, comScore President & CEO. The explosive growth of mobile data services is driving
growth and profitability in the sector but has also dramatically increased the amount and
complexity of customer data that operators must manage in this highly competitive global
marketplace. With this acquisition, comScore now offers a more comprehensive set of capabilities that
operators can leverage to drive value for their partners and customers.
We are excited to join the comScore team to build uniquely powerful and comprehensive global
mobile intelligence offerings, said Nabil Taleb, CEO of Nexius. comScore and Nexius have similar
DNA as technology leaders and innovators. By combining our talents and technological capabilities,
well provide an even broader set of solutions to help our mutual clients measure the changing
dynamics of the wireless ecosystem.
The acquisition will be integrated into comScores existing Telecom and Wireless Practice. Mr.
Taleb will join the comScore senior management team and will be named EVP of comScore Wireless
Solutions.
comScore anticipates that the transaction will fuel incremental growth for comScore in 2010 and
anticipates that the acquisition will add approximately $4 million to the companys 2010 revenue,
with similar profitability margins to the balance of comScores business. Additionally, comScore
anticipates that the transaction will be accretive to 2010 GAAP and non-GAAP net income.
Nexius consulting division has been spun off into a separate entity called Nexius Solutions Inc.,
led by co-Founder Nadim (Ned) Taleb (www.nexius.com).
Mobile Industry Leaders Voice Enthusiasm for Nexius
The network intelligence provided by Nexius has been a critical component of fulfilling our
customer value proposition, said Bob Johnson, Chief Strategy Officer at Sprint. Nexius analytics
have enabled us to improve our network optimization and better serve our customers.
Nexius has been a valuable partner in helping us understand the dynamics of our network, said
Hassan Kabbani, CEO of Mobinil, a leading mobile operator in Egypt and a joint venture between
Orange and Orascom Telecom. Nexius is an innovative and reliable company in the network analytics
space and well positioned to grow in global markets.
comScore to Discuss Acquisition in Conference Call
comScore management will discuss todays announcement in a conference call today, Thursday, July 1,
2010, at 5:30 PM ET. The conference call and replay can be accessed by telephone and webcast as
follows:
Call-in Number: 800-591-6944, Passcode 66935716
(International) 617-614-4910, Passcode 66935716
Replay Number: 888-286-8010, Passcode 16125719
(International) 617-801-6888, Passcode 16125719
Webcast (live and replay): http://ir.comscore.com/events.cfm
About comScore
comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world and preferred
source of digital marketing intelligence. comScore helps its clients better understand, leverage
and profit from the rapidly evolving digital marketing landscape by providing solutions in the
measurement and evaluation of online audiences, advertising effectiveness, social media, search,
video, mobile, e-commerce , and a broad variety of other emerging forms of digital behavior.
comScores capabilities are based on a global panel of approximately 2 million Internet users who
have given comScore explicit permission to confidentially capture their browsing and purchase
behavior. These data can also be combined with census-level Web site or telecom carrier data to
provide the most comprehensive and unified measurement of digital activity. comScores recent
acquisition of ARSgroup adds one of the industrys most validated measurement of the persuasive
power of advertising in TV and multi-media
campaigns. comScore services are used by more than 1,300 clients around the world, including global
leaders such as AOL, Baidu, BBC, Best Buy, Carat, Deutsche Bank, ESPN, Facebook, France Telecom,
Financial Times, Fox, Microsoft, MediaCorp, Nestle, Starcom, Terra Networks, Universal McCann,
Verizon Services Group, ViaMichelin and Yahoo!. For more information, please visit
www.comScore.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not
limited to, comScores expectations regarding the impact and benefits of the acquisition of Nexius,
financial or otherwise; comScores expectations regarding the growth, opportunities and
favorability of the market for mobile enterprise and marketing products; and comScores
expectations as to the integration of Nexius products and customer base with its existing
products. These statements involve risks and uncertainties that could cause actual results to
differ materially, including, but not limited to: the impact of integrating Nexius business and
products into comScores business and products; the possibility that the mobile enterprise and
marketing products markets do not grow and develop as expected; comScores ability to retain
customers and employees of Nexius; the risk of integration difficulties from the Nexius; comScores
ability to grow its existing customer base and develop new products; the expected strength of
comScores business and client demand for comScores products; the future quality of client
relationships and resulting renewal rates; expectations of customer growth; and expectations of
sales growth.
For a detailed discussion of these and other risk factors, please refer to comScores Quarterly
Report on Form 10-Q for the period ended March 31, 2010, Annual Report on Form 10-K for the period
ended December 31, 2009 and from time to time other filings with the Securities and Exchange
Commission (the SEC), which are available on the
SECs Web site (http://www.sec.gov).
Stockholders of comScore are cautioned not to place undue reliance on our forward-looking
statements, which speak only as of the date such statements are made. comScore does not undertake
any obligation to publicly update any forward-looking statements to reflect events, circumstances
or new information after the date of this press release, or to reflect the occurrence of
unanticipated events.