Online Marketing Company ReachLocal Files For IPO

ReachLocal is a Woodland Hills, California based online marketing company. ReachLocal has just filed a $100 million IPO paper. ReachLocal works with SMBs for help with retaining and gaining customers through the Internet. ReachLocal currently works with 17,600 campaigns across 14,500 advertising partners. Each of these partners spend about $500-$3,000 per month with ReachLocal.

ReachLocal made about $143 million in revenue during the first three quarters of 2009. The company made $100 million during the same period in 2008. The company made $11.66 million in profit in 2009 and had a loss of $4.47 million in 2008. ReachLocal raised about $68 million in total VC funding from VantagePoint Venture Partners, Rho Ventures, and Galleon Group.

Related posts:

1. A Look at Online Document Collaboration Company, Pytagor Inc.
2. Google Acquires AppJet, The Parent Company Of Online Word Processor EtherPad
3. SkyRider Receives $12M For P2P Search Marketing
4. Digital Marketing Company, iCrossing Has Raised $62 Million
5. The Parent Company Files For Bankruptcy