LONDON — May 5, 2016 — eBay announced it has agreed to acquire Sweden-based Expertmaker, which specializes in providing intelligent solutions powered by artificial intelligence (AI), machine learning and big data analytics. Expertmaker has been a partner of eBay’s since 2010, most recently helping with eBay’s structured data initiative. Financial terms of the acquisition were not disclosed.
Upon the close of the transaction, Expertmaker’s employees will join eBay’s structured data product and technology team. Expertmaker’s Founder and CEO, Lars Hard, will join as Director, Data Science reporting into Amit Menipaz’s organization.
“As a part of eBay, Expertmaker’s technology, expertise and talented engineers will play an important role in helping advance eBay’s structured data initiative,” said Amit Menipaz, Vice President and General Manager of Structured Data at eBay. “eBay’s structured data effort is a multi-year journey, and we believe the innovation and significant expertise that Expertmaker brings to eBay will help us build a best-in-class product catalog and in turn better serve our customers.”
“Expertmaker is excited to join the eBay team, bringing innovative artificial intelligence, machine learning and large-scale optimization technology to eBay’s structured data initiative,” said Lars Hard, Founder and CEO of Expertmaker. “In partnership with eBay, we will be able to transcend traditional machine learning approaches to create adaptive and learning solutions using the Expertmaker platform.”