PHILADELPHIA, Nov. 1, 2018 /PRNewswire/ -- Slyce, the leader in visual search for retailers, today announced it has acquired the intellectual property (IP) assets of Ditto Labs, the developer of image recognition software that detects brand usage in public photos shared on social media. The acquisition includes Ditto Labs' complete patent portfolio and existing patent applications, and other digital assets of its image recognition technology platform. The terms of the deal were not publicly disclosed.
"This acquisition will help Slyce to further advance our platform to continue providing the industry's leading visual search solution to our retail partners," said Ted Mann, CEO of Slyce. "The integration of Ditto Labs' technology will also bolster Slyce's existing logo detection capabilities and provide greater insights to how brands and products are being used and shared across the web."
The Ditto Labs IP features important techniques for highly efficient image matching and object recognition. Slyce can use these techniques to improve the speed and quality of the search results by enabling additional on-device processing.
Ditto Labs was founded in 2012 and headquartered in Cambridge, MA.
With operations in the Philadelphia, PA and New Waterford, Nova Scotia, Slyce's image recognition technology is used to power visual search in the mobile apps of some of the North America and Europe's most well-known retail brands, including Bed Bath & Beyond, Best Buy, Home Depot, Macy's, Neiman Marcus, Tommy Hilfiger, and others. The company recently partnered with The Landmark Group, one of the largest retail organizations in the Middle East, to launch visual search capability across 10 of its most successful brands.
About Slyce Slyce is the world's leading provider of visual product search for Retail and is changing the way people find what they are looking for. Using artificial intelligence and groundbreaking image recognition technology, Slyce has developed a fully integrated visual search SDK for retailers' mobile apps and websites. The company has deployed visual search for more than 60 major retailers, including Home Depot, Macy's, and Tommy Hilfiger. For more information, visit https://slyce.it.