Slyce completes buy of Israel’s VC-backed BuyCode
Slyce Inc (TSX-V: SLC), a visual search technology company based in Calgary and Toronto, has completed its previously announced purchase of BuyCode Inc for a total consideration of US$5 million in shares, cash and earn-out incentives. Based in Tel Aviv, Israel, BuyCode is the developer of the Pounce image recognition-based shopping app. The company was backed by Entrée Capital, Gigi Levy-Weiss and Plus Ventures. Slyce said the acquisition will bolster its suite of mobile shopping services and help it advance its business-to-consumer strategy. The formerly venture-backed Slyce closed a going public deal in July.
16 October 2014•6 mins read
