eBay buying Israeli startup for $30 million


(JNS.org) E-commerce giant eBay announced on Wednesday that it will buy the Israeli startup, Corrigon, for $30 million.

The logo of Ebay. Credit: Wikimedia Commons.

Corrigon, a visual search technologies developer based in Tel-Aviv, was founded by Avinoam Omer and Einav Itamar in 2008.

“As we continue to evolve the eBay shopping experience, Corrigon's technology and expertise will help buyers find the best results when shopping on eBay through experiences that were not possible a year ago, before our investments in structured data," Amit Menipaz, eBay’s vice president and general manager of structured data, said in a statement.

Corrigon’s CEO and co-founder Omer said his company “will help eBay sellers list more efficiently and eBay buyers find what they are looking for faster in order to increase customer sales conversions.”

This is the second Israeli company eBay has purchased this year. They also acquired for $40 million SalesPredict, a company which uses advanced analytics to predict buying and sales patterns of customers.

Posted on October 6, 2016 .