Bazaarvoice Enters Into Definitive Agreement With Viewpoints to Divest PowerReviews Business

Bazaarvoice Enters Into Definitive Agreement With Viewpoints to Divest
PowerReviews Business

AUSTIN, Texas, June 4, 2014 (GLOBE NEWSWIRE) -- Bazaarvoice, Inc. (Nasdaq:BV),
the network connecting brands and retailers to the authentic voices of
consumers wherever they shop, today announced that it has entered into a
definitive agreement to divest PowerReviews, LLC, the successor to
PowerReviews, Inc. ("PowerReviews"), to Wavetable Labs, LLC, the parent
company of Viewpoints, LLC ("Viewpoints") for $30 million in cash. The
transaction is subject to final approval of the divestiture agreement from the
U.S. Department of Justice (the "DOJ"), as well as conditions to closing
specified in the agreement. The transaction is expected to close within the
first quarter ofBazaarvoice's2015 fiscal year endingJuly 31, 2014.

"Since our acquisition of PowerReviews in 2012, our business has evolved
significantly as we've extended our core ratings and reviews platform with
solutions that enable our clients to deliver richer experiences at all of the
touchpoints where consumers discover, explore, and engage with a brand," said
Gene Austin, CEO and president, Bazaarvoice. "Once the sale of PowerReviews is
approved and closed, we will be able to put the antitrust litigation behind us
and turn our full attention to the large market opportunity ahead of us. In an
era marked by social conversation, our value proposition has never been
stronger for brands and retailers facing the challenges of building
informative, trusted, and lasting relationships with consumers."

Additional Financial and Reporting Details

Bazaarvoice will provide additional detail regarding the divestiture of
PowerReviews during its previously announced conference call, scheduled for
4:30 p.m. Eastern Time on Wednesday, June 4, 2014, to discuss the Company's
fourth fiscal quarter and fiscal year earnings ended April 30, 2014.

About Bazaarvoice

Bazaarvoice is a network that connects brands and retailers to the authentic
voices of people where they shop. Each month, more than 400 million people
view and share authentic opinions, questions and experiences about tens of
millions of products in the Bazaarvoice network. The company's technology
platform amplifies these voices into the places that influence purchase
decisions. Network analytics help marketers and advertisers provide more
engaging experiences that drive brand awareness, consideration, sales and
loyalty. Headquartered in Austin, Texas, Bazaarvoice has offices across North
America, Europe and Asia-Pacific. For more information, visit
http://www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and
follow on Twitter at www.twitter.com/bazaarvoice.

Forward-looking Statements

This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than statements of
historical facts, included in this press release regarding our strategy,
future operations, future financial position, future revenue, projected costs,
prospects, plans, and objectives of management are forward-looking statements.
The words "anticipate," "believe," "estimate," "expect," "intend," "may,"
"plan," "will," "would" and similar and "target" expressions are intended to
identify forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually achieve the
expectations disclosed in the forward-looking statements, and you should not
place undue reliance on our forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual results or
events to differ materially from the expectations disclosed in the
forward-looking statements, including, but not limited to, risks and potential
factors that could affect Bazaarvoice's business and financial results
identified in our Form 10-K for the fiscal year ended April30, 2013 and our
Form 10-Q for the fiscal quarter ended January 31, 2014. Additional
information will also be set forth in our future quarterly reports on Form
10-Q, annual reports on Form 10-K and other filings that we make with the
Securities and Exchange Commission. We do not intend and undertake no duty to
release publicly any updates or revisions to any forward-looking statements
contained herein.

CONTACT: Media Contact:
         Matt Krebsbach
         Bazaarvoice, Inc.
         512-551-6612
         matt.krebsbach@bazaarvoice.com
        
         Investor Contact:
         Linda Wells
         Bazaarvoice, Inc.
         415-489-6045
         linda.wells@bazaarvoice.com

Bazaarvoice Logo
 
Press spacebar to pause and continue. Press esc to stop.