ReachLocal Makes Deloitte 2013 Technology Fast 500™ List
ReachLocal Recognized for the Fourth Time
WOODLAND HILLS, Calif. -- November 19, 2013
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 500^TM 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 10^th 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
For more information about ReachLocal, visithttp://www.reachlocal.com, follow
us at http://www.reachlocal.com/social, or email email@example.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
Dana M. Harris
Vice President, Communications
The Blueshirt Group
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