Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
For Q4, ValueClick reported record revenue of $160.4 million and for the year, $545.6 million. Q4 net income was $22.1 million, up from 14.2 million a year ago; net income for the year rose to $63.1 million from $40.6 million.
Buoyed by the successful integration of companies acquired in 2005, ValueClick Inc., reported a strong performance for the quarter and year ended Dec. 31. For Q4, the company reported record revenue of $160.4 million, an increase of 38% over $116.6 million for the fourth quarter of 2005. For the year, ValueClick reported revenue of $545.6 million, an increase of $241 million or 79% from revenue of $304 million for 2005.
Net income for the fourth quarter of 2006 was $22.1 million, compared to $14.2 million in the year-ago quarter. For the year, net income was $63.1 million, up from $40.6 million for fiscal 2005.
“The leadership positions we have built in performance-based marketing solutions and value-added online networks give us confidence to anticipate continued strong growth of healthy margins in 2007,” says James Zarley, ValueClick chairman and CEO. ValueClick owns online marketing companies Commission Junction, ValueClick Media, Mediaplex and PriceRunner.
Results for the year included three quarters of operations from E-Babylon, Webclients and Fastclick, all acquired in September 2005.