eBay to buy Israel’s SalesPredict to track buyer tastes

eBay, the San Jose, California based e-commerce company, said on Monday it will acquire SalesPredict, an Israel-based maker of technology that is able to track consumer behavior and preferences when shopping online.SalesPredict is eBay’s latest acquisition and is in line with the e-commerce company’s efforts to use artificial intelligence, machine learning and data science to boost sales, eBay said in a statement. The acquisition follows eBay’s recent buy of Sweden-based Expertmaker. also a provider of machine learning analytics and artificial intelligence solutions. Financial terms of the deal for the Israeli company were not disclosed, but press reports valued it at $20 million to $30 million.“SalesPredict’s deep expertise in predictive analytics and machine learning will contribute to eBay’s structured data efforts,” said Amit Menipaz, vice president and general manager of Structured…


Link to Full Article: eBay to buy Israel’s SalesPredict to track buyer tastes