Bazaarvoice Buys PowerReviews

Austin-based Bazaarvoice, the provider of ratings and reviews software, said Thursday that it is acquiring PowerReviews, a competing provider of ratings and reviews software. BazaarVoiec said it will pay approximately $151.9M for PowerReviews, which is privately held. The company said the deal will establish it in the small to medium sized market, and expand it to over 1,800 clients globally.