GoDaddy, said it had acquired San Francisco startup Locu according to Allthingsd.com
While the company did not disclose the terms of the deal, sources close to the situation said it paid $70 million in cash and stock for the company.
There are also earnouts for the two dozen employees of Locu going to GoDaddy.
“Locu, which was founded out of MIT in Massachusetts in 2011, helps local merchants get discovered online and has more than 30,000 businesses, including restaurants, spas, salons, accountants, photographers and home-remodeling companies, using its network platform.”
“It also has partnerships with Yelp, YP.com, Foursquare, TripAdvisor and Facebook.” according to the story.
According to Locu.com site it “helps local businesses grow. ”
“Whether you own a restaurant, hair salon, home remodeling company, or accounting service, we’ll get your business information and offerings in front of more customers — in just a few clicks.”…
