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Microsoft-Backed AppNexus Plans 2012 IPO After Making Profit

AppNexus Inc., the online advertising company backed by Microsoft Corp., has turned profitable and may go public late next year, founder and Chief Executive Officer Brian O’Kelley said.

The New York-based company has raised $65.5 million since it was founded in 2007, with the last round of $50 million led by Microsoft in October. AppNexus had its first profitable month in August, O’Kelley said in an interview.