Wednesday, July 1, 2009
WebVisible: Business Is Thriving
Irvine-based WebVisible, the local online advertising startup backed by Redpoint Ventures and Sutter Hill Ventures, says that it has "thrived," in the first half of the year, despite the current economy. The firm said today that it has "nearly tripled" its sales from 2008 during the first six months of the year, and is expected to post an almost 155 percent year-over-year revenue growth. The firm did not disclose actual financials to back up those numbers. WebVisible helps local businesses place online advertising, and uses Yellow Pages and other firms to distribute it services. The firm does seem to be in expansion mode: the company said it has hired 45 people since the beginning of the year, opened an East Coast sales office, and is looking to add just over 6,000 square feet of office space in Irvine.