PRWEB sold for $28

PRWeb - one of the long time Press Release services was sold on monday for a reported $28million.

"Vocus is paying $28 million in cash and stock for a company that develops technologies to help clients get their news to journalists and to the top of search engines.

Lanham-based Vocus, which make software for corporate communications and public relations, has acquired PRWeb of Ferndale, Wash., for $20.8 million in cash and 494,543 shares of Vocus stock. "

Source: Washington Business Journal