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PowerReviews

From Wikipedia, the free encyclopedia
PowerReviews
Company typePrivate
IndustryMarketing technology
Founded2005
HeadquartersChicago,Illinois,USA
Parent1WorldSync
Websitewww.powerreviews.com

PowerReviews is a businesssoftware development company based inChicago, Illinois. It provides software tobrands andretailers that allow them to collect, display and analyze different forms ofuser-generated content (UGC) on theire-commerce websites.[1][2][3]

The company's software allows product ratings andreviews, answering customer questions,product sampling,images, videos, and social content, and analytics tools to examine the impact of user-generated content and tobenchmark product performance.

PowerReviews is headquartered in Chicago with an office inLondon. The London office servicesEurope, the Middle East and Africa.

History

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PowerReviews was founded in Chicago in 2005. By 2012 it had acquired $37 million in funding from among others fromMenlo Ventures, Draper Richards,Lehman Brothers,Tenaya Capital, and Four Rivers Group.[4]

Bazaarvoice,[4][5] a competitor, bought PowerReviews in 2012. The acquisition was opposed by theUnited States Department of Justice forantitrust concerns, focused on the ratings and review industry's relatively small marketplace and the potential importance to adjacent industries.[6]

In 2014, consumer reviews company Viewpoints purchased PowerReviews from Bazaarvoice. The two companies combined under the PowerReviews name.[7][8]

PowerReviews subsequently acquired BzzAgent fromDunnhumby in July 2018[9] and Stella Pulse fromStellaService in July 2019.[10]

In August 2023, PowerReviews was purchased again, this time by 1WorldSync, a product content management technology company.[11]

References

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  1. ^Arrington, Michael."Product Reviews: Everyone Wants a Piece of The Market, But PowerReviews May Get It". TechCrunch.
  2. ^"PowerReviews Spreads Consumer Reviews Between E-Commerce Sites". TechCrunch. 26 July 2011.
  3. ^Erick Schonfeld (26 July 2011)."PowerReviews Spreads Consumer Reviews Between E-Commerce Sites". TechCrunch.
  4. ^abHa, Anthony (24 May 2012)."Bazaarvoice To Acquire PowerReviews for $151M".TechCrunch.
  5. ^Andrew Nusca (25 May 2012)."Bazaarvoice acquires rival PowerReviews; adds SMBs to social CRM portfolio". ZDNet. Archived fromthe original on May 28, 2012.
  6. ^Fair, Rebecca Kirk (29 August 2014)."Sizing Up the Competition: Antitrust Enforcement and the Bazaarvoice Ruling".The National Law Review. Analysis Group. Retrieved17 September 2014.
  7. ^Allison Enright (5 June 2014)."Consumer reviews platform PowerReviews is back". Internet Retailer.
  8. ^Anthony Ha (4 June 2014)."After Antitrust Suit, Bazaarvoice Sells PowerReviews To Review Site Viewpoints for $30M". TechCrunch.
  9. ^"PowerReviews Acquires BzzAgent".Bloomberg. 18 June 2021. Retrieved18 June 2021.
  10. ^"New $11MM Funding Round for Stella Connect".Stella Connect. 2019-03-11. Retrieved2021-06-18.
  11. ^"1WorldSync Acquires PowerReviews, a Leader in Consumer-Generated Ratings and Reviews, to Help Brands and Retailers Fuel Sales Online".PR Newswire. 2023-08-22. Retrieved2024-02-20.

External links

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Retrieved from "https://en.wikipedia.org/w/index.php?title=PowerReviews&oldid=1262773595"
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