Webvisible, parent company of AdvancedLocal, announced recently that it has secured $12 million in series B funding. Webvisible recently launched AdvancedLocal to help business owners promote and track their companies online on the top search engines.
Many tech companies are able to secure their first round of funding, but often their companies get gobbled up by the investors, eager to re-coup their investment dollars after the company fails to grow. When a company like Webvisible/AdvancedLocal is able to secure a 2nd round of funding, it is a sign of a company that has a proven business model that stands the test of time among its peers.
I guess I took the right job with the best company. Phew!!
Call me, Rob Bayless @ 208-949-3546 or rbayless@advancedlocal.com for more info or to discover how we can promote your business online, bring more customers to your door, track and report the results and allow you to focus on running your business. Your customers are searching, are they finding you?
Official press release is below.
IRVINE, CA--(MARKET WIRE)--Mar 17, 2008 -- WebVisible, Inc., a global leader in local interactive advertising, announced today that it has received $12 million in series B funding led by Silicon Valley's Sutter Hill Ventures with participation from existing investor Redpoint Ventures. In conjunction, Sutter Hill Ventures Managing Director Jim White will join WebVisible's Board of Directors. WebVisible, whose robust software platform manages interactive advertising campaigns for small-to-medium-sized businesses around the world, will use the funds to achieve the next level of technology innovation, promote growth in its reseller channels, and increase sales penetration. Additionally, the company will continue its international growth as sales partnerships surge throughout Europe with Asia Pacific and South America on the horizon.
Source: WebVisible, Inc.
Kirsten Mangers, CEO WebVisible, Inc.
"WebVisible's comprehensive software platform and proven services solution are creating the online advertising standard for local merchants around the world," White said. "Sutter Hill Ventures recognizes the global growth opportunities and importance of the local online advertising space. Our investment in WebVisible acknowledges their market leadership and innovation in interactive advertising technology solutions."
WebVisible's proprietary, patent pending software platform has changed the way local businesses buy advertising on the Web. Intelligently matching local businesses and local consumers searching and interacting online from Google and Yahoo! to blogs and wireless devices, WebVisible automates the manual process of buying interactive advertising for its customers. The company's global partners in the yellow pages, newspaper, and online marketing industries sell WebVisible-enabled interactive advertising products to their local business customers. WebVisible partners include AT&T, British Telecom, Yellow Pages Group of Canada, EarthLink, and The McClatchy Company, among others.
"This investment is a strong vote of confidence and allows us to expedite our growth in the global marketplace," said WebVisible CEO, Kirsten Mangers. "WebVisible continues to be the industry's most adopted private-label solution in customer acquisition -- improving profitability and customer loyalty for our small business customers and reseller partners around the world."
On a global scale, local online advertising will grow from $3.4 billion in 2005 to $13 billion in 2010, according to The Kelsey Group.
Sutter Hill Ventures has financed technology-based start-ups and assisted entrepreneurs in building market-leading companies since 1964. In 2008, Forbes magazine named Sutter Hill Venture's Managing Director Jim White to its exclusive Forbes Midas 100 list.
"WebVisible is setting a standard for Orange County-based leading edge technology companies," commented Gary Augusta, President and CEO of OCTANe, a Southern California-based venture capital and technology innovation development organization. "This investment round showcases the strong people, creative innovation, and world-class technology that are growing out of our local business community."
About WebVisible, Inc.
Established in 2001, WebVisible is the leading name in local interactive advertising, utilizing patent-pending technology and world-class services to help local businesses acquire new customers. Our business philosophy is that local business owners are too busy minding their stores to successfully navigate the complexities of buying and managing their own online advertising, whether search engine marketing, banner ads, call-based products, or ROI measurement tools. WebVisible partners with small businesses to solve this problem by offering turn-key, fully managed, and integrated online marketing solutions with predictable pricing and guaranteed results.
Visit http://www.webvisible.com/ for more info or call + 1 949-502-5757.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=716153
Contact: Media Contacts
David Reeve
WebVisible
(949) 502-5766
Email Contact
WunderMarx Inc. for WebVisible
Manny Otiko
714-862-1112
Email Contact
Sunday, March 30, 2008
My first Post
Welcome to my Blog. My name is Rob, and I am a Seach Engine Marketing consultant in Boise Idaho for AdvancedLocal.
When a consumer in Idaho uses a search engine to find a product or service that you sell, you want your ad to be seen, right?
AdvancedLocal makes it easy for small businesses to benefit from the extended reach and targeting that search engines provide. In July 2006, comScore recorded 849 million commerce driven searches for local businesses on the web. Clearly, there is no better time for small businesses to be advertising online.
Budget-based Clicks : You set the budget and we deliver the leads to your website. This budget-based product is the best option for experienced advertisers with larger or more complex campaign requirements. It’s perfect for local or national campaigns. We handle the advertising creation, keyword selection, targeting, and placements across our network of search engines, and campaign optimization.
AdvancedLocal makes it easy for small businesses to benefit from the extended reach and targeting that search engines provide. In July 2006, comScore recorded 849 million commerce driven searches for local businesses on the web. Clearly, there is no better time for small businesses to be advertising online.
Budget-based Clicks : You set the budget and we deliver the leads to your website. This budget-based product is the best option for experienced advertisers with larger or more complex campaign requirements. It’s perfect for local or national campaigns. We handle the advertising creation, keyword selection, targeting, and placements across our network of search engines, and campaign optimization.
And the best part is that with us, you can track ALL of your results! With our Merchant Center, you can log in and see how many clicks we send to your website, how many interested customers have called your business from your website, and even get the phone numbers for marketing purposes! All of this is done by us, leaving you time to focus on your business!
Call Rob @ 208-949-3546 or rbayless@advancedlocal.com for more info!
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