Byline: Heather Cocks
Jul. 13--Almost one year after celebrating its initial public offering, Hoover's Inc. is making its first purchase.
Hoover's, the online database of business information, said Wednesday it will buy Maryland-based Powerize.com Inc. for a stock-and-cash deal worth about $15.6 million.
Folding Powerize.com, another business-related site, into Hoover's gives the Austin company more ways to morph from a database of public-company information into an all-purpose business resource.
"We wanted to focus on promises we made to shareholders that we were going to build a business portal of substance," said Carl Shepherd, chief …