comScore Networks reports first quarterly profit

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Reston, Va.--comScore Networks, a privately held Internet measurement firm, announced it recorded its first-ever quarterly profit in the second quarter.

“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,” Magid Abraham, president-CEO of comScore, said in a statement.

The company also said it has signed with an unnamed client a long-term contract valued at more than $18 million over five years.

Additionally, comScore announced the closing of $12 million in a Series E round of funding with participating investors including Accel Partners, Adams Street Partners, JP Morgan Partners, Flatiron Partners, Institutional Venture Partners, Topspin Partners and vSpring Capital.

--Sean Callahan

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