Ebay Acquires Predictive Analytics Company SalesPredict - RTInsights

The acquisition will help boost eBay's structured data efforts. Ebay announced July 11 that it is acquiring SalesPredict, an Israel-based company that uses advanced analytics to predict customer buying behavior and sales conversions. The SalesPredict team will join eBay's structured data center and support eBay's artificial intelligence, machine learning and data science efforts. Ebay said that the acquisition of SalesPredict builds on a recently completed acquisition of Expertmaker, which offers predictive analytics and personalization powered by artificial intelligence. The addition of SalesPredict, however, will help eBay predict factors that can affect the price of a product and enable its sellers to increase customer sales conversions.