Inc. 500 Ranks ReachLocal Using Its 3,217 Percent, Three-Year Growth Rate Beginning in 2005. Company has Grown over 146,000 Percent Since Its 2004 Founding Year
(WOODLAND HILLS, Calif.) - August 12, 2009 - ReachLocal Inc. (http://www.reachlocal.com), a global leader in local online marketing, announced today that it has been ranked the 39th fastest-growing private company in America on Inc. magazine's prestigious 2009 Inc. 500 list.
The nearly $147 million in 2008 revenue put ReachLocal's growth from 2005 at 3,217 percent. Of the companies on Inc. 500 that were founded in 2004, ReachLocal had the third highest revenue. ReachLocal has experienced over 146,000 percent revenue growth since its 2004 founding year.
"Our growth from our founding year and our ranking on the Inc. 500 list reflect the high demand local advertisers have for successful and proven online marketing solutions catered to the specific needs of local business," said Zorik Gordon, Co-Founder and CEO of ReachLocal. "We built a company explicitly to help local businesses digitize their advertising and deliver it to where their customers are searching and surfing, while proving its effectiveness."
Since launch, ReachLocal has served over 13 billion local search advertising impressions on the major search engines, while generating over 15 million phone calls and over 10 million online inquiries for the tens of thousands of local businesses that advertise with ReachLocal. ReachLocal has over 800 employees in the United States, Canada, Australia and the United Kingdom, most of who are Internet Marketing Consultants (IMCs) that deliver Internet advertising products and customer service directly to local businesses.
"If you want to know which companies are going to change the world, look at the Inc. 500," said Inc. editor Jane Berentson. "These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
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Director of Corporate Communications