Internet Advertising Company Ranks No. 1 on List with 146,050 Percent Growth Over 5 Years;
Company Opens its 37th and 38th Consulting Office as it Continues its Growth
(WOODLAND HILLS, CA) - October 21, 2009 - ReachLocal Inc. (http://www.reachlocal.com), a global leader in local online marketing, today announced that it had been ranked the No. 1 company on the prestigious Deloitte 2009 Technology Fast 500TM, an annual ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America based on five-year fiscal revenue growth. ReachLocal is the only Internet company to top the list since Google's inclusion in 2004 and of all No. 1 companies since 2004, ReachLocal's 146,050 percent growth rate is second only to Google.
ReachLocal's top placement on the Deloitte Technology Fast 500TM adds to its recent corporate recognition including its No. 39 rank on Inc. magazine's 2009 Inc. 500 list of Fastest Growing Private Companies in America, and its inclusion on the Los Angeles Business Journal's list of largest private companies in Los Angeles.
ReachLocal employs its ReachSearch product to deliver local advertisers' marketing messages through ads across many search engines including Google, Yahoo and Bing (MSN). ReachDisplay allows local businesses to reach customers through display advertising in numerous major online publishers. Advertisers benefit from ReachLocal's proprietary network of locally-based Internet Marketing Consultants (IMCs), patent-pending technology platform, and the ReachLocal Xchange that seamlessly connects Internet media publishers and solutions providers with the untapped local advertising market.
"Our growth story is a testament to the power of secular shift from offline media to online. With our products and our face-to-face consulting IMCs, we have helped tens of thousands of these businesses understand the changing advertising climate and make the transition," said Zorik Gordon, ReachLocal's CEO.
ReachLocal separately announced the opening of sales offices in Charlotte, North Carolina and San Antonio, Texas. Charlotte and San Antonio represent the newest of its offices worldwide to provide Internet advertising services and solutions catered to small- to medium-sized businesses and national brands and agencies. The San Antonio and Charlotte offices are managed by Jeff Miller and Obe Gray, respectively.
Since its launch, ReachLocal has helped deliver more than 13 billion local search advertising impressions on the major search engines, which have generating more than 15 million phone calls and more than 10 million online inquiries for the tens of thousands of local businesses that advertise through ReachLocal. ReachLocal has more than 800 employees in the United States, Canada, Australia and the United Kingdom, most of whom are IMCs that deliver Internet advertising products and customer service directly to local businesses.
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Director of Corporate Communications