M&A Deal Summary

Slyce Acquires Allyke - IP Assets

On February 6, 2019, Slyce acquired internet software and services company Allyke - IP Assets from Allyke

Acquisition Highlights
  • This is Slyce’s 1st transaction in the Internet Software and Services sector.
  • This is Slyce’s 2nd transaction in the United States.
  • This is Slyce’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2019-02-06
Target Allyke - IP Assets
Sector Internet Software and Services
Buyer(s) Slyce
Sellers(s) Allyke
Deal Type Divestiture

Target

Allyke - IP Assets

Massachusetts, United States
Allyke, Inc. - IP Assets comprises a provisional patent portfolio, existing patent applications, and other digital assets of Allyke's artificial intelligence (AI) search platform.

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Buyer(S) 1

Buyer

Slyce

Philadelphia, Pennsylvania, United States

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Massachusetts M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Ditto Labs - IP and Social-Media Monitoring Technology

Massachusetts, United States

Ditto Labs - IP and Social-Media Monitoring Technology features important techniques for highly efficient image matching and object recognition.

Buy -

Seller(S) 1

SELLER

Allyke

Wellesley, Massachusetts, United States

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Allyke, Inc. is a visual shopping platform for omni-channel retail. The company enables e-tailers to instantly display visual search results throughout their online store.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1