Local Corporation Ranks on Deloitte’s Technology Fast 500™ for Fourth
IRVINE, Calif. -- November 14, 2013
Local Corporation (NASDAQ: LOCM), a leading online local media company, today
announced that for the fourth consecutive year, it has ranked on Deloitte’s
Technology Fast 500™.
Deloitte’s Technology Fast 500 is a ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and clean technology
companies in North America. Local Corporation revenue grew over 155 percent
from 2008 to 2012.
"We are honored to once again be included in the prestigious Deloitte Fast
500. This marks our fourth consecutive year in this elite group of North
America’s fastest growing technology companies," said Heath Clarke, Local
Corporation chairman and CEO. "We thank Deloitte for recognizing the hard work
and success of North America’s entrepreneurs.”
“The 2013 Deloitte 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.”
“The fastest growing companies in the U.S. are drivers of constant innovation
and operate with the agility to stay ahead of a quickly evolving marketplace,
and software, biotech/pharma and Internet companies continue to be at the
forefront,” added James Atwell, national managing partner of the Emerging
Growth Company practice, Deloitte Services LP. “The companies excelling in
these sectors have a startup mentality that allows them to be nimble and adapt
quickly, which is why they consistently lead the list of fast-growing
companies each year.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011. 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 Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading online local media company that
connects brick-and-mortar businesses with over a million online and mobile
consumers each day using a variety of innovative digital marketing products.
To advertise, or for more information, visit: http://localcorporation.com.
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