ReachLocal Buys Online Reputation Manager SMB Live

Small biz-focused online marketer ReachLocal has acquired corporate image manager SMB Live. The three capital letters in the Reston, VA.-based company’s name stand for the market it serves: small- and medium-sized businesses. Terms of the deal were not disclosed.
The purchase is designed to help Woodland Hills, CA.-based ReachLocal create a set of tools aimed to help local businesses build up their online presence across social media and directory sites. Two months ago, ReachLocal announced its intention raise about $100 milllion in a stock offering. It has raised more than $60 million in funding, including $55.2 million in a round two years ago. Release