Marchex, Inc.
Marchex, Inc.(NADAQ: MCHX)is a Washington-based company providing local search, advertising and marketing services. The company's products which include Marchex Pay-For-Call Exchange and Marchex Analytics help business reinvent their strategies in attracting new customers. It's small business marketing product empowers local business owners to efficiently manage ad monitor their web presence, communicate with existing customers as well as add new clients.[2]
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| 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
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| Key People | |
| Russell Horowitz, Chairman & CEO John Keister, Executive Vice Chairman & Director | |
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 17, 2003. The founders raised $20 million to acquire two companies E-Family.com, Inc. including its wholly owned subsidiary Enhanced Interactive which specializes in managing search placement for clients & listing clients web sites in search engines for fee and Traffic Leader.com.[3]
Initial Public Offering
In 2004, Marhex held its Initial Public Offering (IPO) 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.[4]