Transaction Overview: Go Daddy Acquires Locu for $70 Million

With the acquisition of Locu, Go Daddy is beginning to move beyond its legacy domain registration and web hosting legacy and showing that it has the strategic aptitude and willingness to acquire to provide a more complete solution for local businesses to manage and market themselves. We expect Locu to be a compelling value proposition to Go Daddy’s 11 million customers…

Transaction Overview: Telenav Acquires ThinkNear

ThinkNear provides Telenav with a product that can drive near-term advertising revenue and is well suited to be integrated with Telenav’s turn-by-turn direction capability. The ThinkNear team and their mobile advertising knowhow are also an important addition to Telenav’s engineering and product organizations…

Transaction Overview: CityGrid Acquires Felix

Yext launched Felix in 2009 as a pay-per-call local advertising service. What makes Felix unique is its patent-pending engine that uses speech recognition technology to listen to all the calls received by a local business. It then transcribes and analyzes the calls, separating those received from consumers from those received from wrong numbers, telemarketers and job seekers…

Transaction Overview: Constant Contact Acquires SinglePlatform

While a clear strategic fit, Constant Contact made a bold financial move with this acquisition. Valuation paid is clearly based on the expectation of strong revenue growth in 2013 and beyond as well as the strategic value of SinglePlatform’s products and customer and publisher relationships…

Overview: Cerberus Acquires AT&T Ad Solutions, AT&T Interactive

Cerberus’ challenge will be to continue to purposefully and aggressively reorient an organization which has the dying print directory business in its DNA. The assets at their disposal are quite impressive but can the leadership let the past go and embrace the very fast-moving innovation now occurring in online and mobile?

2011 Local Commerce M&A Saw Most Activity in Daily Deals

2011 was an intensely active year for the local marketing and commerce M&A market, with 186 transactions logged — up 40% from 2010. Many major companies that have local components to their business (led by Groupon, Google, LivingSocial and eBay) are making important strategic moves in the space to solidify their products…