Fri January 11, 2013
Austin-based Bazaarvoice Says It Will Win Anti-Trust Challenge
Austin-based software company Bazaarvoice Inc. says it is confident it will win a lawsuit filed by the U.S. Department of Justice (DOJ) Thursday.
The Justice Department sued the company over its acquisition of San Francisco-based PowerReviews Inc. last year. The DOJ claims Bazaarvoice “eliminated its most significant rival and effectively insulated itself from meaningful competition.”
In a statement, Bazaarvoice responded that there is “still robust competition for ratings and reviews all over the social commerce landscape.”
Bazaarvoice purchased San Francisco-based PowerReviews for $168.2 million last June. Both companies provide public rating and review software platforms to online businesses.