Loyalty Lab and Bazaarvoice Team Up to Reward Consumers Engaged in Word of Mouth MarketingSan Francisco and Austin, TX – April 3, 2007 – Loyalty Lab, Inc., the leading on-demand loyalty solution, and Bazaarvoice Inc., an innovator in helping brands use online word of mouth to build their businesses, today announced a partnership enabling retailers to capture greater value from word of mouth marketing by rewarding customers for sharing online product reviews and ratings. The partnership brings together two retail technology upstarts pioneering the use of hosted applications and services to enhance and enrich ongoing consumer interactions. Retailers using Bazaarvoice to facilitate word of mouth marketing will be able to quickly and easily connect loyalty initiatives on the Loyalty Lab platform and reward consumers for sharing product ratings and reviews. “Loyalty Lab is the leader in helping retailers and consumer brands engage customers with easy to use and easy to integrate loyalty solutions,” said Brett Hurt, Bazaarvoice’s founder and CEO. “Together we maximize the opportunity marketers have to capitalize on the power of connecting their community of customers via word of mouth and create incredibly loyal customers as a result.” Bazaarvoice combines hosted, customizable, and fully managed technology, community management services, analytics, and syndication to help retailers use customer-generated review content to improve merchandising, increase multi-channel sales and conversion, attract new customers, and improve customer satisfaction and loyalty. Loyalty Lab uses the Software-as-a-Service model to reduce the cost and complexity of delivering the sophisticated loyalty, customer retention, and campaign management capabilities traditionally available only to the very largest retailers. “The retailers who understand their customers can see the value in complimentary consumer-created content and encouraging consumers to voice their thoughts and opinions,” said Mark H. Goldstein, CEO and co-founder of Loyalty Lab. “Bazaarvoice is at the forefront of the consumer voice movement and by working together, layering in the ability to reward customers for sharing, we represent a most potent weapon in today’s retail marketing arsenal.” About Loyalty Lab, Inc. About Bazaarvoice Download This Press Release (PDF) |
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