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M&A Deal Summary

Algolia Acquires Search.io

On September 12, 2022, Algolia acquired information technology company Search.io

Acquisition Highlights
  • This is Algolia’s 2nd transaction in the Information Technology sector.
  • This is Algolia’s 1st transaction in Australia.

M&A Deal Summary
Date 2022-09-12
Target Search.io
Sector Information Technology
Buyer(s) Algolia
Deal Type Add-on Acquisition

Target

Search.io

Chippendale, Australia
Search.io offers a search and discovery service with powerful AI engines, including Neuralsearch, an instant AI search technology, and reinforcement learning for self-optimizing results. Businesses of all sizes use Search.io to build site search and discovery solutions that maximize e-commerce revenue, optimize on-site customer experience, and scale their online presence. Search.io currently serves billions of API requests every month on more than a thousand sites globally including BBC, Catch, Lockheed Martin, NSW Government, Rentpath, Sennheiser, Unity, and many more. Search.io is based in Chippendale, Australia.

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Buyer(S) 1

Buyer

Algolia

Paris, France
Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Algolia is a hosted search & discovery solution for websites and mobile apps, helping the most innovative companies across e-commerce, media and SaaS industries create powerful, relevant and scalable discovery experiences for their users.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 MorphL

Bucharest, Romania

MorphL offers a suite of API-based Artificial Intelligence (AI) and Machine Learning (ML) models to enable developers, data scientists, and marketers to predict users’ intent, personalize online experiences, and create highly-targeted offers.

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