Locu was a publishing platform used by restaurants, local merchants, and other companies to create and distribute product and price lists, hours of operation, addresses and other data to

Yelp Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publish crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San F ...

, Foursquare, TripAdvisor, and OpenTable. The company claimed that 30,000 businesses were using the service as of August 2013. Locu was founded by a group of

MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

students in 2011 and raised $600,000 in angel funding.

Go Daddy GoDaddy Inc. is an American publicly traded Internet Domain name registrar, domain registrar and web hosting company headquartered in Tempe, Arizona, and incorporated in Delaware. , GoDaddy has more than 21 million customers and over 6,600 empl ...

acquired Locu for a reported $70 million in 2013.

References

{{reflist * * * * Digital press 2013 mergers and acquisitions