January 18, 2018 |Israel-based data automation tech company Sigmento has been acquired by French technology firm Akeneo, an open source product information management solutions provider, the companies announced in a joint statement. The acquisition will boost Akeneo’s position as a leader in product information management (PIM) providers as it is now equipped with Sigmento’s cutting-edge machine learning technologies. Sigmento’s founders will join the Akeneo management team, with a combined development set to advance Sigmento’s technology while integrating into Akeneo’s PIM products. Sigmento’s Israel office will Akeneo’s fourth global location, joining locations in the US, France, and Germany. Founded in 2013, Akeneo’s mission is to help retailers turn product information into powerful brand assets. Sigmento, founded in 2015, has machine learning algorithms that optimize product listings for ecommerce vendors.