Marchex Acquires Local-Vertical Search Company Openlist
New York-based Openlist, a local, vertical search engine, was acquired by Marchex, which provides search and contextual marketing but also owns a network of thousands of “direct navigation” domains. Little-known Openlist was co-founded by former Jupiter analyst Matthew Berk as Local-i and has been around for roughly two years.
The deal is worth $13 million in cash and stock and Berk, among several others, now joins Marchex. One can think of Openlist as Citysearch built by aggregation. I think that Openlist is doing some of the most interesting work in Local right now; and the acquisition makes Marchex a potentially more formidable company in both local and vertical search.
You can read a more extensive post about the deal and the two companies on my blog.
More about:
The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to success. It is the indispensable guide for B2B marketers to deliver world-class experiences and keep pace with the dynamic environment. Download Now
The ClicData survey found that various challenges exist that prevent organizations from achieving such gains. These challenges included inaccessible data formats and limited flexibility in displaying data in dashboards. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now