Announced
Completed
Financials
Tags
United States
ratings products
reviews services
Knowledge Process Outsourcing
Private Equity
Acquisition
Majority
Private
Cross Border
Completed
Friendly
Single Bidder
Synopsis
Battery Ventures-backed 1WorldSync, a technology company providing brands and retailers with critical product information to help consumers make purchasing decisions, completed the acquisition of PowerReviews, a SaaS provider of user-generated ratings, reviews, and other content, from ABS Capital Partners, an American private equity firm focused on investments in software and tech-enabled services businesses. Financial terms were not disclosed. "Adding PowerReviews to our suite of technology and solutions makes 1WorldSync the only provider that can help brands and retailers orchestrate all areas of the content you see on an online product detail page (PDP). User-generated content, whether ratings and reviews, Q&A, images, or videos, are critical to the e-commerce shopping and buying experience. Our ability to now offer these capabilities to our more than 17,000 customers is a key addition to our capability set," Steve Sivitter, 1WorldSync CEO.
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