comScore Profitable

  • August 5, 2003
comScore Networks, one of the global leaders in the consumer behavior measurement field, announced earlier this week the signing of a long-term client contract for the use of comScore services that provides for payment by the client of more than $18 million over five years. In addition, the company reports that it is has attained its first quarter of corporate profitability. And, comScore also announced the closing of $12 million in a Series E round of funding. Participating investors include Accel Partners, Adams Street Partners, JP Morgan Partners, Flatiron Partners, Institutional Venture Partners, Topspin Partners and vSpring Capital. With this round of financing, comScore's total capitalization to date is approximately $88 million. Magid Abraham, Ph.D., president and chief executive officer of comScore Networks said that attaining profitability in less than four years since the founding of the company "reflects the success of both our Media Metrix and Marketing Solutions groups, and offers further validation of the strength of comScore's business model. We are grateful to the clients, employees, investors and industry supporters who have helped us achieve this major milestone."
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