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EBay to buy developer of visual search technologies

Online auctioneer eBay Inc. agreed to buy Corrigon Ltd., a developer of visual search technologies, for an undisclosed sum.

After closing of the deal, the Corrigon team will become part of eBay's structured data organization and will be based in eBay's Development Center in Netanya, Israel, according to an Oct. 5 news release.

Corrigon's technology helps in identifying objects within an image, matching both visual and textual elements to ensure that the image is recognized, correctly classified and best-matched to its corresponding product.