San Mateo-based Smalltown, a directory site for local businesses, has acquired seven year-old Local2Me, which offers community-based user forums (via VentureBeat). The purchase allows Smalltown to solidify its position in the Bay Area, where Local2Me has an active, though small, userbase (VentureBeat says it has about 8,000 users across the country). The goal is to build up synergies between the user community and business directories. Smalltown, which raised $3 million last year from Formative Ventures, also said that the move will help it gear up for a national launch of its service. Terms of the acquisition were not disclosed. Release.
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