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Bazaarvoice Acquires PowerReviews for $152 Million in Cash and Stock

Tricia Duryee in Commerce on May 24 at 1:56 pm PT

Austin-based Bazaarvoice has agreed to acquire its close competitor PowerReviews for roughly $151.9 million in cash and stock. According to the terms, Bazaarvoice will pay $31 million in cash and the remainder in stock. Both companies develop technology that help retailers interact with consumers. In particular, PowerReviews was focused on managing and hosting product review sections for e-commerce sites.

News Byte

TrialPay Bulks Up Its Executive Team, Opens Office in Berlin

Tricia Duryee in Commerce on May 24 at 9:00 am PT

TrialPay plans to announce today that it is opening a European office in Berlin and adding three new executives to its management team. Managing Director of Europe Rob Schneider, formerly of Zanox, will head up the new office, while Jim Gerber, formerly of Google, will join the company’s offices in Mountain View, Calif., where he will be SVP of sales and partnerships. Lastly, Chris Davis, former SVP of Gaia Interactive, will become VP of Brand Sales. TrialPay helps online companies boost revenues by placing offers at the point of checkout.

News Byte

Mohr Davidow Leads $25 Million Investment in Zebit’s Consumer Credit Platform

Tricia Duryee in Commerce on May 24 at 4:30 am PT

San Diego-based Zebit has raised $25 million in a fourth round of funding to grow its platform, which enables retailers to assess the risk of selling items to an individual consumer on credit. Mohr Davidow Ventures led the round, with Crosslink Capital, Leapfrog Ventures and QED Investors also participating. To date, Zebit says it has completed more than a million transactions.

News Byte

Vend Rings Up $2 Million for Point-of-Sale Technology

Tricia Duryee in Commerce on May 23 at 11:19 am PT

Vend, a start-up with offices in San Francisco and New Zealand, has raised $2 million to develop point-of-sale software that runs on any device, including iPads and legacy hardware found at the register. The round was led by Point Nine Capital in Europe. Vend, which has raised $3 million to date, says it has signed up 11,000 users in 80 countries and is processing one million transactions a month.