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Woodland Hills-based ReachLocal , the provider of online marketing services for small and medium sized businesses, said today that it has launched a new product called ReachCast. The firm said the product is a result of its acquisition of SMB:Live back in February. Pricing on the new offering was not disclosed.
Earlier this week, Woodland Hills-based ReachLocal (www.reachlocal.com), which helps small and medium sized businesses place online ads, announced a deal to buy daily deals site DealOn.com. So what is the strategy behind the acquisition, and how do you see this fitting into the daily deals area?
Woodland Hills-based ReachLocal is being acquired by publishing giant Gannett Co. , ReachLocal said Gannett would pay $4.60 VantagePoint Venture Partners and Rho Ventures--who own approximately 40% of ReachLocal--said it had agreed to tender their shares to Gannett as part of the acquisition deal. READ MORE>>.
Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm's net income last year in Q3 was boosted by a one-time gain related to the acquisition of its Australian subsidiary. in revenues. for the quarter.
Woodland Hills-based ReachLocal announced Friday that it has acquired SMB:LIVE , a developer of digital presence and reputation management products for the small and medium sized business market. Financial terms of the acquisition were not disclosed. READ MORE>>.
Woodland Hills-based ReachLocal said Tuesday afternoon that it is acquiring New York-based DealOn.com , a provider of daily deals. ReachLocal said it would pay approximately $10M for DealOn Media LLC, which offers up local deals businesses in 18 markets across the U.S., DealOn was founded in 2009. READ MORE>>.
Woodland Hills-based ReachLocal 's acquisition of digital presence and reputation management firm SMB:LIVE was worth $8.8M, in a combination of cash and stock. According to ReachLocal, it paid $2.8M According to ReachLocal, it paid $2.8M Tags: reachlocal live merger acquisition local advertising.
Woodland Hills-based ReachLocal has updated its IPO pricing range, indicating this week in an updated S-1 that it expects the initial pricing of its IPO to be between $17.00 ReachLocal's IPO is being underwritten by J.P. ReachLocal helps small businesses advertise their companies on the internet. and $19.00 in funds.
Woodland Hills-based ReachLocal filed for an IPO this morning, saying that it is looking to raise up to $100M. Accoriding to ReachLocal, it had net income of $11.6M ReachLocal is backed by such firms as VantagePoint Venture Partners, Rho Ventures, and Galleon Group. The firm's IPO is being underwritten by J.P. READ MORE>>.
Woodland Hills-based ReachLocal , which operates an online marketing service targeted at local businesses, is announcing today that it has purchase the remaining interest in the firm's Australian joint venture partner, Netus Pty Ltd. No financial details of the acquisition were disclosed. READ MORE>>.
Woodland Hills-based online local online marketing provider ReachLocal is bragging today that it has signed up 1,000 clients for its new ReachEdge marketing automation product. reachlocal marketing automation customers leads software' The product had been launched in September of 2013. READ MORE>>.
Woodland Hills-based ReachLocal , which helps run local, online marketing efforts for small and medium sized businesses, said today that it has acquired a divisio of a New Zealand company, the SME division of SureFire Search Limied. Financial terms of the acquisition deal were not announced. READ MORE>>.
Woodland Hills-based ReachLocal , which helps small and local businesses place Internet advertising, was up 15.2 Tags: reachlocal advertising small business exit merger acquisition. percent after its IPO Thursday, closing at $14.98, up $1.98. The firm sold 4,166,667 shares of stock at $13.00 during the day. percent to 2,204.01.
Woodland Hills-based ReachLocal priced its IPO last night at $13.00 ReachLocal was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others. Tags: reachlocal merger acquisition rloc. per share, according to filings with the SEC this morning, netting the firm $54.1M.
Woodland Hills-based ReachLocal , the digital marketing service now owned by Gannett Co. , Financial terms of the acquisition were not announced. said the acquisition will help it accelerate its product roadmap and expand the ReachLocal digital marketing suite of products. has acquired SweetIQ Analytics Corp. ,
Woodland Hills-based ReachLocal said Monday that it has named two new executives, hiring Paras Maniar as the company''s new Chief Strategy Officer, and Megan Opp as the company''s new Chief People Officer. The new hires come as ReachLocal has been building up a new executive team, headed by new CEO Sharon Rowlands. READ MORE>>.
Westlake Village-based PurePhoto.com , a new startup headed by former NextMedium COO John Ellis, and whose exec team includes prior executives from ReachLocal, ValueClick, and YellowPages.com, said Tuesday that it has acquired the assets of Los Angeles-based PhotographyMentor , an online photography education and social networking site.
DealOn , the developer of white label group buying software which was acquired by Woodland Hills-based ReachLocal , has just been sued over patent infringement by group buying site Tippr. ReachLocal announced its acquisition of New York-based DealOn on February 15th. According to a court filing, KashLess, Inc.,
RealD joins Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear among the list of local firms with a successful IPO this year. Tags: financing public market acquisition merger reald. RealD said last night that it had priced its IPO at $16.00, and is selling 12.5M shares of its common stock.
So far, two companies-- Woodland Hills-based ReachLocal , which completed its IPO in May, and Carlsbad-based Maxlinear , which hit the markets in March, have had successful IPOs. Tags: merger acquisition.
The latest firms with Southern California connections to file for an IPO are REVA Medical, Gevo, and Demand Media; recently IPOs have been Green Dot, RealD, Trius Therapeutics, and ReachLocal. Tags: hulu merger acquisition exit media content hollywood video. READ MORE>>.
That is on top of the many Southern California firms who have recently had a successful IPO, including Monrovia-based Green Dot , Beverly Hills-based RealD , San Diego-based MaxLinear , and Woodland Hills-based ReachLocal. Tags: internet brands growth merger acquisition private. READ MORE>>.
Firms which have successfully reached the public markets include Pasadena's Green Dot , Beverly Hills-based RealD , Woodland Hills-based ReachLocal , Carlsbad-based MaxLinear , and Pasadena-based Genmark Diagnostics. Tags: southern california initial public offering exit merger acquisition.
RealD (RLD) was third with $1.27B in market cap, followed by ReachLocal (RLOC) with $630.6M. In intraday trading Thursday, Green Dot (GDOT) had a market cap of approximately $2.68 billion, compared to Demand Media's (DMD) $1.4 Inphi Corp had a market cap of $454.75M Thursday, with MaxLinear at around $357.0M.
In recent months, Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear also have managed to reach the markets via an IPO, and there are at least seven other Southern California companies waiting in the wings for the public markets. Tags: southern california merger acquisition gdot reald.
which has substantial operations in Westlake Village, Beverly Hills-based RealD , Monrovia-based Green Dot , and Woodland Hills-based ReachLocal. Other recent IPOs with Southern California roots include Inphi Corp.
Inphi joins such firms as Green Dot , RealD , ReachLocal , and MaxLinear who have reached the markets so far this year. Tags: inphi iphi merger acquisition exit semiconductor. The firm is set to sell 6.8 million shares of its stock at between $10.00 and $12.00 per share, and has filed to trade on the NYSE as IPHI. READ MORE>>.
ReachLocal – we discussed this deal at length including what amount of revenue does it take to get to an IPO (Jim’s view, sub $100 million in fine as long as you have good margins and a strong growth rate). It seems like M&A ebbs and flows through periods of rapid acquisition followed by years of divestitures.
MaxLinear, Green Dot, and ReachLocal. Cornerstone OnDemand was venture backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. The firm is just the latest in a string of well received IPOs in Southern California, including Demand Media, RealD, Inphi Corp., READ MORE>>.
Financial terms of the acquisition were not announced. Gordon and Kline previously founded ReachLocal. Porch said the acquisition will help it expand its end-to-end home services solutions. Porch, which is based in Seattle, said it will integrate the Serviz technology platform into its own site, Porch.com.
and ReachLocal. Other notable Southern California firms that have filed for an IPO recently include Santa Monica-based Cornerstone On Demand , San Diego-based Peregrine Semiconductor , San Diego-based Ambit Biosciences , and Los Angeles-based Gamefly.
The enthusiastic reception for Demand's IPO follows similar strong showings from Southern California firms such as RealD, Green Dot, ReachLocal, and others this year. Demand Media, which is headed by Richard Rosenblatt, operates a network of content focused sites, including LiveStrong.com and eHow.
The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. Among other major 2011 exits listed were Riot Games ($400 million) and HauteLook ($270 million).
Zogenix, Green Dot, MaxLinear and ReachLocal. The IPO is just the latest in a long string of successful IPOs for Southern California, venture backed companies, with successful public exits so far for RealD, Inphi Corp.,
Other IPO finalists were RealD , ReachLocal , and Inphi. Finalists were CODA Automotive , Fisker Automotive , and Amonix. On the exit side, the Best IPO award went to Green Dot , the provider of pre-paid Mastercard and Visa cards. The Best M&A went to Wavestream , with only one other finalist, Integrien.
Both Zorik and Michael very successfully took ReachLocal from just a small startup to a large, public company. Zorik Gordon: We incubated this at ReachLocal, and spun it out in February of last year. You guys were running ReachLocal for many years�what lessons did you learn there that you are applying here?
Among the highest acquisition values were MySpace ($580M in 2005), Shopzilla ($560M in 2005), Rent.com ($430M in 2004), Lowermybills ($330M in 2005) and Sandpiper Networks ($630M in 1999). Tags: results investment exit california southern acquisition merger capital venture. IPO in 1996).
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