Local Corp has just announced that it will be powering this feature for the Microsoft search engine.
The operator of the Local.com search site, Local Corp, has just announced that it will be responsible for providing the geolocation based listings for products and services on the Bing search engine.
The shares of the company skyrocketed on the Nasdaq by 41 percent following the original announcement.
According to the company, the geolocation product listings search feature will be powered by the Krillion shopping data platform which is owned and operated by Local. That platform provides consumers with information regarding local shopping opportunities such as consumer products from retailers. This includes current discounts, comparison pricing, the availability in store, and images.
Geolocation technology is used to make certain that the shopping data is relevant to the consumer’s current location.
This is helpful to mobile consumers who are looking for products and services that they can purchase at a nearby brick and mortar store location. It also helps to make sure that they will find the best deal in doing so, providing them with options that are available from all of the various shops that carry the desired item within their area.
This geolocation feature will give Bing the opportunity to provide local search results for consumers that can be refined down to retail stores, brands, and the actual availability of the specific item within a designated store location.
Krillion was originally acquired by Local just over two years ago. The acquisition was clearly a clever one, and it is certain to pay for itself many times over after having been integral to the geolocation results deal between Microsoft’s Bing and Local. Moreover, Microsoft isn’t the only large search engine company that has been involved in a partnership with Local. Google, Inc. is currently Local’s largest partner and was responsible for generating 44 percent of its revenue last year. Twenty one percent of its revenue, last year, came from Yahoo! Inc., another partner. At the moment, the market share in the United States for Google is 67 percent, with another 11 percent belonging to Yahoo! Bing is also on the rise, having risen to its current place at 18 percent over 16 percent at this time last year.