LANHAM, Md., April 11 /PRNewswire-FirstCall/ -- Vocus, Inc. announced today that it has closed the sale of 3,504,144 shares of its common stock in its follow-on public offering. Of this amount, a total of 1,217,137 shares were sold by Vocus and 2,287,007 shares were sold by the selling stockholders identified in the offering prospectus. 457,062 shares sold by the selling stockholders were sold pursuant to the exercise in full of the underwriters' over-allotment option. The follow-on offering price was $19.50 per share. The aggregate sale price for all of the shares sold by Vocus was approximately $23.7 million, resulting in net proceeds to Vocus after payment of underwriting discounts and commissions of approximately $22.4 million. Vocus will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders.
Thomas Weisel Partners LLC served as sole book-running manager for the offering. RBC Capital Markets, Wachovia Securities, William Blair & Company, Canaccord Adams and Pacific Crest Securities were co-managers. Copies of the final prospectus related to the offering may be obtained from Thomas Weisel Partners LLC, One Montgomery Street, Suite 3700, San Francisco, California 94104.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release includes "forward-looking statements" within the meaning of the federal securities laws, which involve uncertainties and risks.
These include statements regarding events or developments that we expect or anticipate will occur in the future, such as statements about our strategies to improve operating performance. Please refer to our prospectus and its other filings with the Securities and Exchange Commission for a complete discussion of these and other important factors that could cause results to differ materially from those projected by these forward-looking statements.
About Vocus, Inc.
Vocus, Inc. is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by over 1,700 organizations worldwide and is available in five languages. Vocus is based in Lanham, MD with offices in North America, Europe, and Asia. For more information, please visit http://www.vocus.com/ or call 800.345.5572.
