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EBay signs agreement to acquire Terapeak

EBay has signed an agreement to acquire Terapeak, a Toronto-based data company that provides analytics on eBay, Amazon, and Alibaba. Financial terms of the deal were not disclosed. Upon the close of the transaction, eBay will begin integrating certain functionality from Terapeak into its Seller Hub.

The transaction is expected to close before the end of 2017, at which time Terapeak’s employees will report into eBay’s Bob Kupbens, vice president of B2C Selling, or Sunil Rajasekar, vice president of Seller Experience. Terapeak’s employees will continue to be based in Toronto, Ontario and Victoria, B.C.

[Image courtesy: eBay]

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