Wow, this is HUGE news in the SEM Industry – ReachLocal IPO!
ReachLocal just announced it has filed registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock which means an IPO is very near.
How is this going to change the SEM Landscape? Denver SEO Sean Hakes thinks this will only open opportunity for more aggressive competition and motivation for other SEM providers to jump on the bandwagon – ReachLocal is about to get a $100M bank account spike!
About ReachLocal:
ReachLocal, Inc.’s mission is to help small and medium-sized businesses acquire, maintain and retain customers via the Internet. ReachLocal offers a comprehensive suite of online marketing and reporting solutions, including search engine marketing, display advertising, remarketing and online marketing analytics, each targeted to the small and medium-sized business market. ReachLocal delivers these solutions to SMBs through a combination of its proprietary platform and its direct, “feet-on-the-street” sales force of Internet Marketing Consultants and select third party agencies and resellers. ReachLocal is headquartered in Woodland Hills, CA, with offices throughout North America and in Australia and the United Kingdom.
SOURCE: ReachLocal