eBay buys SalesPredict to better compete with Amazon

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Machine learning is all the rage, and eBay is buying its way in via an acquisition of a startup named SalesPredict. SalesPredict is a learning engine that uses your order history to suggest new items you might want to buy. It's also well suited for marketing, helping businesses target only those who are most likely to buy a product or service. To that, eBay seems to be trying to compete with Amazon; look at a product on Amazon, and a carousel on the front page changes to show you that and similar items, as well as any complimentary purchases you may want to make. In a statement, Vice President and General Manager of Structured Data at eBay Amit Menipaz said "SalesPredict's deep expertise in predictive analytics and machine learning will contribute to eBay's structured data efforts.


eBay acquires predictive analytics startup SalesPredict to boost its machine learning

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Although financial terms of the deal were not revealed, it's said that an undisclosed number of SalesPredict employees will be joining eBay's team, working out of the Israeli development center in Netanya, including SalesPredict chief executive Yaron Zakai-Or, who will be director of product management for technology, and chief technology officer Kira Radinsky, who's been named director of data science and the chief scientist for eBay in Israel. Founded in 2012, SalesPredict specializes in helping businesses grow revenue through analytics that identify ideal potential prospects, thereby improving conversion to actual customers. It follows similar moves, including its pickup of AI startup ExpertMaker in May. In a statement, Zakai-Or explained that by being a part of eBay, "we will help arm eBay sellers with more information about the value of items, ultimately helping to increase customer sales conversions." The inclusion of SalesPredict seems to match the second part of this strategic effort.


eBay builds up machine learning capabilities with SalesPredict acquisition

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Financial terms of the deal were not disclosed. The acquisition is eBay's latest move to build up its machine learning capabilities in order to clean up its vast product catalog. "For our buyers, it will help us better understand the price differentiating attributes of our products, and, for our sellers, it will help us build out the predictive models that can define the probability of selling a given product, at a given price over time," explained Amit Menipaz, eBay's vice president and general manager of structured data. The acquisition of SalesPredict follows eBay's announcement in May that it is buying the Swedish machine-learning startup Expertmaker. Once the acquisition is complete, SalesPredict CEO Yaron Zakai-Or will serve as a director of product management, technology.


eBay acquires predictive analytics startup SalesPredict to boost its machine learningTrue Viral News

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Although financial terms of the deal were not revealed, it's said that an undisclosed number of SalesPredict employees will be joining eBay's team, working out of the Israeli development center in Netanya, including SalesPredict chief executive Yaron Zakai-Or who will be director of product management for technology and chief technology officer Kira Radinsky who's been named director of data science and the chief scientist for eBay in Israel. Founded in 2012, SalesPredict specializes in helping businesses grow revenue through its analytics which identifies ideal potential prospects, thereby improving conversion to actual customers. It follows previous moves, including its pick up of AI startup ExpertMaker in May. In a statement, Zakai-Or explained that by being a part of the eBay company, "we will help arm eBay sellers with more information about the value of items, ultimately helping to increase customer sales conversions." The inclusion of SalesPredict seems to match the second part of this strategic effort.


Ebay Acquires Predictive Analytics Company SalesPredict - RTInsights

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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.