eBay Buys Israeli Startup SalesPredict

 July 12, 2016 | eBay is acquiring Israeli company SalesPredict, which uses advanced analytics to predict consumer-buying behavior. Financial terms of the deal were not disclosed but sources estimate that the acquisition was for about $20-30 million. This is eBay’s fifth acquisition in Israel. The acquisition is eBay’s latest move to build up its machine-learning capabilities in order to clean up its vast product catalog. eBay has more than 900 million listings, and SalesPredict will assist the company in deciding why those listings end up at a certain price. Once the acquisition is complete, SalesPredict CEO Yaron Zakai-Or will serve as a director of product management, technology. SalesPredict CTO Kira Radinsky will be director of data science and chief scientist for eBay Israel. SalesPredict was founded in 2012 by Zakai-Or and Radinsky and is based in Netanya. The company’s employees will now join eBay Israel’s offices, which are also in Netanya.