Press Release
Customer-Review Innovator PowerReviews Expands Global Operations
Expands Operations to Support Retailers in UK and Around the World
San Francisco, June 30, 2008 - PowerReviews (www.powerreviews.com), the Internet's most comprehensive developer of customer-review solutions for retailers and their shoppers, today announced that it has expanded its global business strategy to better serve merchants around the world. In the last month the company has signed significant partnership deals with eCommerce solutions companies Venda and Choicestream to reach retailers in Europe.
UK-based investor Atomico - founded by the management team that created Skype - was an investor in the company's Series B funding round, and Atomico partner Mattias Ljungman says that "PowerReviews clearly has a winning technology and a groundbreaking approach to assist merchants in increasing sales and customer loyalty through reviews. We are excited to help the company translate its success in the United States to the global marketplace."
"The Internet is about building global communities, and we are finding that our approach to customer-generated reviews is resonating all over the world," says PowerReviews CEO Andy Chen. "Our expansion into Europe is an important step as we build on our successes over the last three years and continue to welcome top retailers into the PowerReviews family."
About PowerReviews
PowerReviews (www.powerreviews.com) is an enterprise solutions company that provides customer reviews and social merchandising solutions to multi-channel retailers and their shoppers. Our technology platform for collecting, organizing, structuring and moderating relevance-based reviews helps online retailers significantly boost their sales. PowerReviews' user-generated content and community drives the highest sales uplift in the industry, and in addition to working with more than 260 online retailers, including Staples, Toys "R" Us, REI, Ritz Camera, Walgreen's, Diapers.com and The Sports Authority, we have also launched our own shopping portal, Buzzillions (www.buzzillions.com). The company is based in San Francisco and is backed by Menlo Ventures and Draper Richards.
About Atomico
Atomico (www.atomico.com) is a risk capital group that takes a truly global approach to its investments. Headquartered in London, Atomico was born out of the experience of its co-founders, Niklas Zennström and Janus Friis, who founded some of the most disruptive technology companies of the last 10 years. The experience of its partners allows Atomico to invest at any point in a company’s cycle.
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Media Contact:
Jennifer Johnson Avril for PowerReviews
Email: jen@verbfactory.com
Tel: 718-871-7117