ReachLocal Buys SMB:LIVE

Woodland Hills-based ReachLocal announced Friday that it has acquired SMB:LIVE, a developer of digital presence and reputation management products for the small and medium sized business market. Financial terms of the acquisition were not disclosed. ReachLocal said it will use the acquisition to enable SMBs to publish multimedia content to business profile pages on its site, as well as social media and other Internet sites. The firm said that SMB:Live's former Chairman and CEO, Alex Hawkinson, will be General Manager of its new digitla presence unit.