eBay closes acquisition of Georgian backed Terapeak – update

Photo of author

By Ted Liu

On December 22, 2107, eBay Inc. (NASDAQ: EBAY) completed previously announced acquisition of Toronto and Victoria, BC based Terapeak, Inc. eBay made the announcement on December 13, 2017. Purchase price was not disclosed.

The Terapeak team has joined eBay’s B2C Selling and Seller Experience groups.

eBay paid US $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]12 million for Terapeak according to its quarterly financial statement. [/mepr-active]

Formerly known as Advanced Economic Research Systems Inc., Terapeak uses supply, demand and pricing data to help ecommerce sellers know what to sell, when to sell it and at what price on marketplaces such as eBay.

Founded by brothers, Andrew and Anthony Sukow and led by CEO Kevin North, Terapeak had raised CDN $7 million in funding with $4 million from Georgian Partners Growth Fund I in December 2010.

photo credit: Terapeak