Idearc acquires Switchboard
Switchboard provides local online ad solutions and online yellow pages and assists consumers to find and compare local businesses offering specific products and services, while also creating revenue opportunities for merchants.
Yahoo acquires Zimbra
Yahoo has also been on the acquisition trail. In a mostly cash deal, Zimbra will be changing hands for $350 million. The open source enterprise email provider is based in San Mateo and received $30.5 million in venture funding across three rounds. Investors included Accel, Benchmark and Redpoint Ventures.