eBay Acquires Terapeak for Undisclosed Sum
e-Commerce corporation eBay has purchased Terapeak. Financial terms of the deal were not disclosed.
Founded in 2002, the Terapeak platform provides historical and current marketplace transactional data to help online retailers better understand product, pricing, competitor and market behavior. According to the company, the platform analyzes 4.6 billion transactions per year, and $70 billion in online consumer spending worldwide, leading online sellers to be, on average, 65% more successful through the use of Terapeak’s analytical, query-based data. The startup previously raised CA$5 million.
According to TechCrunch, eBay will expand its Seller Hub to provide additional capabilities from Terapeak.