Thursday, May 5, 2011

BuzzLabs Acquired By CityGrid Media

Seattle-based BuzzLabs, the developer of social media monitoring and analytics software, has been acquired by CityGrid Media, a unit of IAC. Financial terms of the deal were not disclosed. BuzzLabs, which was founded by former Microsoft employees Philip Lee and Dou Shen, helps companies monitor their brands on social media sites. CityGrid said it would integrate BuzzLabs technology into its platform over the next three to six months. CityGrid Media, which is owned by IAC, operates the CitySearch, Urbanspoon, and InsiderPages web sites. BuzzLabs was founded in 2009.