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Marchex, Inc. - ICANNWiki Jump to content

Marchex, Inc.

From ICANNWiki
Type: Publicly held
Industry: Internet
Founded: 2003
Founder(s): Ethan Caldwell, Russel Horowitz

John Keister & Peter Christothoulou

Headquarters: 520 Pike Street

Suite 2000 Seattle, WA 98101

Country: USA
Employees: 300 plus
Revenue: 29.1 million [1]
Website: Marchex.com
Blog: The Marchex Minute
Facebook: Marchex
LinkedIn: Marchex
Twitter: @Marchex
Key People
Russell Horowitz, Chairman & CEO

John Keister, Executive Vice Chairman & Director
Ethan Caldwell, Chief Administrative Officer/Counsel
Peter Christothoulou, Chief Operating Officer
Micahel Arenda, CFO
Mathew Berk, EVP of Product Engineering

Marchex, Inc.(NADAQ: MCHX)is a Washington-based company providing local search, advertising and marketing services. The company reported a $29.1 million revenue during the first quarter of 2011.

History

Russell Horowitz founded Marchex, together with other executives from Go2Net namely Ethan Caldwell, John Keister and Peter Christothoulou, on January 17th, 2003. The founders raised $20 million to acquire two companies E-Family.com, Inc., including its wholly owned subsidiary Enhanced Interactive that specializes in managing search placement for clients & listing clients web sites in search engines for a fee, and Traffic Leader.com.[2]

Initial Public Offering

In 2004, Marhex held its Initial Public Offering, offering 4 million shares at $6.50 per share. The company traded 37% of its stocks during its first day of trading, raising $ 27.2 million, making it the most successful public offering during that year.[3]

Products and Services

The company's advertising products, which include Pay-For-Call Exchange and Analytics, help business reinvent their strategies in attracting new customers. Its small business marketing products, local leads and reputation management, pay per click and publishing empower local business owners to efficiently manage and monitor their web presence, communicate with existing customers, as well as add new clients.[4]

Acquisitions

  • 2005- Name Development Ltd, Acquired for $ 164 million in cash and stock, collection of 100,000 domains assembled by domain name pioneer Yun Yee.[5]
  • 2006- Openlist acquired for $13 million.[6]
  • 2011- Jingle Networks.com, one of the leading providers of mobile voice search performance advertising and technology solutions in North America and operator of 800-free-411 was purchased by the company for $62.5 million in cash and stock.[7]

References