comScore Signs $18M Contract, Attains Profitability, Closes $12M in Financing

Aug 05, 2003

comScore Networks has signed 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. comScore monitors both online and offline buying activity, based on proprietary and patent-pending technology that measures a Global Network of more than 1.5 million representative Internet users. comScore analysts and consultants use this in an effort to provide insight into consumer behavior.

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.