M&A Deal Summary

Syte Acquires Slyce

On September 22, 2021, Syte acquired internet software and services company Slyce

Acquisition Highlights
  • This is Syte’s 1st transaction in the Internet Software and Services sector.
  • This is Syte’s 1st transaction in the United States.
  • This is Syte’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-09-22
Target Slyce
Sector Internet Software and Services
Buyer(s) Syte
Deal Type Add-on Acquisition

Target

Slyce

Philadelphia, Pennsylvania, United States
website
Slyce is a visual search and image recognition technology provider for retail, powering visual search in apps for retailers such as home depot, bed bath and beyond, neiman marcus, and macy's. The company's services identify virtually any product from an image and enable customers to snap a photo to buy something, add it to a wishlist, find it in store, or create another retail moment. Slyce was founded in 2012 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Syte

Tel Aviv-Yafo, Israel

website

Category Company
Founded 2015
Sector Software
DESCRIPTION

Syte is a product discovery platform for retail. It uses visual AI to create intuitive search and discovery experiences for all types of shoppers. Syte's solutions include visual and text search, automated product tagging, personalized recommendation carousels, and more. Syte was founded in 2015 and is based in Tel Aviv-Yafo, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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