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ReachLocal Tapped By UK Government

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Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, announced this morning that it has been recognized by the British Government for its efforts in the UK. ReachLocal said it received the UKTI Business Innovation Award from UK Trade & Investment, as part of BritWeek.

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ReachLocal Names Two Executives

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Woodland Hills-based ReachLocal said Monday that it has named two new executives, hiring Paras Maniar as the company''s new Chief Strategy Officer, and Megan Opp as the company''s new Chief People Officer. The new hires come as ReachLocal has been building up a new executive team, headed by new CEO Sharon Rowlands. READ MORE>>.

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Hulu Eyes IPO

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According to a report in the New York Times, Hulu is in discussions with investment bankers about pursuing an IPO in the fall. The latest firms with Southern California connections to file for an IPO are REVA Medical, Gevo, and Demand Media; recently IPOs have been Green Dot, RealD, Trius Therapeutics, and ReachLocal. READ MORE>>.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy. We also talked about Elevation Partners who invested in Palm and how this deal really salvaged their investment, which was a VERY big bet on Palm.

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Demand Media Prices IPO, Begins Trading Today

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The firm's investors include Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., Zogenix, Green Dot, MaxLinear and ReachLocal. Zogenix, Green Dot, MaxLinear and ReachLocal. The IPO was underwritten by Goldman, Sachs & Co., Morgan Stnaley & Co., and Generation Partners.

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Southern California Linked IPOs Grow

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which has substantial operations in Westlake Village, Beverly Hills-based RealD , Monrovia-based Green Dot , and Woodland Hills-based ReachLocal. Other recent IPOs with Southern California roots include Inphi Corp.