Acquisition time on the web

Idearc acquires Switchboard

Idearc, which publishes Verizon Yellow Pages, is set to acquire Switchboard from InfoSpace for $225 million.

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.

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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.

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