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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 , 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 , 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.
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.,
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.
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 move is an interesting one, given the number of Southern California technology companies trying to go the other direction, and to hit the public markets. Tags: internet brands growth merger acquisition private. READ MORE>>.
which has most of its employees in Westlake Village; Los Angeles-based Gamefly ; City of Industry-based NewEgg ; San Diego-based Fallbrook Technologies ; and Thousand Oaks-basd Nexsan. Tags: southern california initial public offering exit merger acquisition.
The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.
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.
The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. The exit was the eighth highest in the database, according to Ocean Road Partners.
Investors: Allen Morgan of Mayfield Fund, ff Asset Management, Bobby Yazdani, Nova Spivack of Lucid Ventures, Zelkova Ventures, Paige Craig, Tom McInerney, Michael Yavonditte of Quigo Technologies, Ofer Ronan. ICQ (sold by AOL to Digital Sky Technologies ). Read more: TechCrunch. Read more: TechCrunch. Segment Five, “Notable Exits”.
Financial terms of the acquisition were not announced. Porch, which is based in Seattle, said it will integrate the Serviz technology platform into its own site, Porch.com. Gordon and Kline previously founded ReachLocal. Porch said the acquisition will help it expand its end-to-end home services solutions.
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?
Funk initiated the study last fall to create an historical statistical analysis of the financial outcomes for the region's venture-backed information technology companies. Tags: results investment exit california southern acquisition merger capital venture. IPO in 1996).
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