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ReachLocal Raises $25M, As Losses Increase

socalTECH

Woodland Hills-based ReachLocal , the publicly held, online marketing provider for small and local businesses, said Tuesday that it has raised $25M in a term loan. The funding came from Herculus Technology Growth Capital, and comes as the company reported sharper losses and a significant dropoff in revenues. READ MORE>>.

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ReachLocal Grows Revenues By 47 Percent

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M ReachLocal said it now expects consolidated revenues in the range of $80.0

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CyberDefender Snags VP From ReachLocal

socalTECH

Los Angeles-based CyberDefender , the developer of Internet security software and provider of technical support, said today that it has snagged a Kamran Izadpanah as its new Senior Vice President of Technology. Izadpanah was most recently Vice President of Software Development at ReachLocal. Izadpanah will report to COO Igor Barash.

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ReachLocal Names New CTO, Sales Head

socalTECH

Woodland Hills-based ReachLocal , which provides online marketing products for small- and medium-sized businesses, reported today that it has named Jeff Hagins as Chief Technology Officer, and promoted Steven Power, former Australia CEO, to Executive Vice President of Global Sales Operations.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. billion in liquidity was generated in the sector.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

Lynda.com said today that it has raised a big growth round from Accel Partners and Spectrum Equity, and also reported that the firm exceeded $100M in topline revenues last year. According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Investors: Allen Morgan of Mayfield Fund, ff Asset Management, Bobby Yazdani, Nova Spivack of Lucid Ventures, Zelkova Ventures, Paige Craig, Tom McInerney, Michael Yavonditte of Quigo Technologies, Ofer Ronan. ICQ (sold by AOL to Digital Sky Technologies ). the funding and market coverage. Yes, that’s right.