WOODLAND HILLS, Calif.--(BUSINESS WIRE)--ReachLocal, Inc. (NASDAQ:RLOC), a leader in powering local online marketing for small-to-medium sized businesses (SMBs), today announced it’s been ranked 367 on the prestigious Deloitte 2013 Technology Fast 500TM list. Deloittes’ annual listing of North America’s fastest growing technology, media, telecommunications, life sciences and clean technology companies is based on fiscal revenue growth for the past five-years. ReachLocal grew 210 percent between fiscal years 2008 and 2012.
“ReachLocal’s place in Deloitte’s ‘Fast 500’ for the fourth time since our founding is indeed an honor,” said David Carlick, Interim CEO, ReachLocal. “Our place on the list is also validation of the growing importance of local online services in the U.S. economy and the leadership role ReachLocal plays in that trend. As we approach our 10th anniversary, we’re excited to remain one of the fastest growing tech companies in the US, and I am optimistic that our growth will increase as we continue to sharpen our focus on our core competencies and the local online service sector continues to grow.”
"The Deloitte's 2013 Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."
About Deloitte's 2013 Technology Fast 500(TM)
Technology Fast 500 List, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About ReachLocal, Inc.
For nearly a decade, ReachLocal has helped local businesses acquire customers online, delivering more than 110 million leads to customers in 16 countries through its lead generation products: ReachSearch, ReachDisplay, ReachCast and ReachRetargeting, and lead management system, ReachEdge. Currently, the company has over 24,600 customers across five core verticals: healthcare, automotive, home services, professional services and specialty services.
ReachLocal, Inc. (NASDAQ: RLOC) develops online marketing and transaction solutions that power local commerce for SMBs, from lead generation and lead conversion to booking and buying. Our global distribution network includes local Internet marketing consultants and service professionals, along with select third-party agencies and resellers throughout Australia, Austria, Belgium, Brazil, Canada, Czech Republic, Germany, Japan, the Netherlands, New Zealand, Poland, Russia, Singapore, Slovakia, the United Kingdom and the United States. ReachLocal is headquartered in Woodland Hills, Calif. Subscribe to ReachLocal's free newsletter to receive news, tips and other online marketing insights.
For more information about ReachLocal, visithttp://www.reachlocal.com, follow us at http://www.reachlocal.com/social, or email info@reachlocal.com.
Caution Concerning Forward-Looking Statements
Statements in this press release regarding the Company’s guidance for future periods and the quotes from management constitute “forward-looking” statements within the meaning of the Securities Exchange Act of 1934. These statements reflect the Company’s current views about future events and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievement to materially differ from those expressed or implied by the forward-looking statements. Actual events or results could differ materially from those expressed or implied by these forward-looking statements as a result of various factors, including: (i) our success in developing and offering new products and services in the highly competitive online advertising industry, (ii) our ability to expand our product suite into software-related products, (iii) our ability to expand into consumer-facing products; (iv) our ability to purchase media and receive rebates from Google, Yahoo! and Microsoft under commercially reasonable terms; (v) our ability to recruit, train and retain our Internet Marketing Consultants; (vi) our ability to attract and retain customers; (vii) our ability to successfully enter new markets and manage its international expansion; (viii) the impact of worldwide economic conditions, including the resulting effect on advertising budgets; and (ix) our ability to comply with government regulation affecting our business, including regulations or policies governing consumer privacy. More information about these factors and other potential factors that could affect the Company’s business and financial results is contained in its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
