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EBay to acquire predictive data analytics firm


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EBay to acquire predictive data analytics firm

EBayInc. will acquire SalesPredict, an Israeli firmwhich uses advanced analytics to predict customer buying behavior and salesconversion, for an undisclosed sum.

The online auctioneer said July 11 that the deal willsupport its artificial intelligence, machine learning and data science efforts.SalesPredict will contribute to the data processing and enrichment portion ofeBay's structured data initiative, specifically in relation to inventoryinsights.

Post-transaction, several SalesPredict employees will joineBay's structured data organization and work in eBay's existing developmentcenter in Netanya, led by Yuval Matalon.

SalesPredict CEO Yaron Zakai-Or will serve as a director ofproduct management, technology, while SalesPredict CTO Kira Radinsky will bedirector of data science and chief scientist at eBay Israel. Zakai-Or andRadinsky co-founded SalesPredict in 2012.

In May, eBay closed its acquisition of Expertmaker, a provider of artificialintelligence-backed solutions, machine learning and big data analytics.