Westlake Village-based ValueClick Inc., has announced that it has closed its acquisitions of both Web Marketing Holdings Inc. and E-Babylon Inc., which were announced on June 13, 2005. The company also announced that it is raising its 2005 guidance to reflect these acquisitions. Due to the timing of each acquisition’s close, the Company’s updated second quarter guidance includes only month of E-Babylon’s operating results but does not include any operating results of web clients. The revised full-year 2005 guidance includes seven months of E-Babylon’s operating results and six months of Web Client’s operating results. “Through a combination of organic growth and prudent acquisitions like Web Clients and E-Babylon, ValueClick is becoming an even larger and more profitable player in online marketing services,” James Zarley, chairman and CEO of ValueClick said in a prepare statement. “We remain confident about our ability to deliver on our 2005 financial goals and long term strategy, and we welcome Web Clients and E-Babylon to the ValueClick family.”
