This morning, ReachLocal filed for an IPO ,  in what has been a long-anticipated move for the firm. ReachLocal started releasing financial information as a private company earlier this year, saying in August it hit $147M in revenues; and has been rumored  among local tech execs to be prepping for an IPO for much of this year. Late Friday night, a Silicon Valley firm, Meru Networks , whose major backer is Santa Monica-based Clearstone Ventures filed for an IPO . There’s a lot of folks gambling on the IPO market this week, with a bunch of IPO news — both from local VCs as well as one local company.

Wherever customers are online, ReachLocal helps businesses find them with the broadest reach of local digital media, a dedicated force of local Internet Marketing Consultants, and technology that continually optimizes results. Total Funding: $42M I nvestors: Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund Openx.com Pasadena CA - Ad server for web publishers. A stealth internet advertising / publishing renaissance is quietly happening in Southern California 10 years after the dot com bubble burst.