Global commerce platform and payments leader Ebay (Nasdaq: EBAY) acquired Decide.com, a Seattle, WA-based price research startup.
The amount of the transaction was not disclosed.
Led by Mike Fridgen, CEO, Decide.com proivides tools to help consumers find the best times to buy products across the web. It venture backed having raised $17m in capital from Madrona Venture Group, Maveron, Vulcan Capital, and other investors.
Fridgen and the company’s employees will join eBay’s new Seattle-area office to build an improved pricing tool that will help sellers better price their merchandise and sell items faster and produce more detailed insights, intelligence and price guidance.
Decide.com’s co-founder Oren Etzioni won’t be part of the new team at eBay having just taken on a new role as the Executive Director of the Allen Institute for Artificial Intelligence.
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FinSMEs
09/09/2013