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.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry