Bazaarvoice PowerReviews business to Viewpoints for USD30m

Bazaarvoice, Inc. (NASDAQ: BV) said it has completed the sale of PowerReviews, LLC, the successor to PowerReviews, Inc., to Wavetable Labs, LLC, the parent company of Viewpoints, LLC, for USD30m.

Under the terms of the merger agreement, USD4.5m will be held in escrow for 12 months to satisfy any indemnification claims that may arise.

Bazaarvoice is a network that connects brands and retailers to the authentic voices of people where they shop. For more information, visit http://www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and follow on Twitter at www.twitter.com/bazaarvoice.

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