Jan 17, 2018
BOSTON, Jan. 18, 2018 — French technology company Akeneo, a leading provider of open source product information management (PIM) solutions, today announced that it has acquired Sigmento, an Israel-based technology company specializing in product data automation.
Sigmento team in Nantes with Frédéric de Gombert, Nicolas Dupont and Benoit Jacquemont, Akeneo Co-Founders
The acquisition bolsters Akeneo’s market-leading position among PIM providers and reinforces the company’s mission to help retailers turn product information into powerful brand assets. The combined entity, now equipped with state-of-the-art machine learning technologies, will allow large enterprise companies to deploy data intelligence and deliver integrated product attribute information across multiple channels far more quickly and at scale.
Sigmento, founded in 2015 by Izzy Cohen, Yoav Maor and Yonatan Maor, has emerged as a prominent provider of automated product listing solutions. The startup’s machine learning algorithms allow ecommerce merchants to enrich structured product information with just a few clicks while improving SEO, conversions, and competitive advantages.
The next frontier of innovation in ecommerce technology is happening at the intersection of data intelligence and automation, which is Sigmento’s core strength. Having Yoav and his talented team join our #PIMforAll movement and offer best-in-class AI driven ecommerce solutions will significantly differentiate Akeneo and allow us to enable customers to further deliver compelling product experiences.
Akeneo is an industry-acclaimed PIM leader with hundreds of enterprise clients around the world. The company’s expertise brings tremendous benefits to Sigmento’s existing clients, and I’m excited about embarking on this new chapter as part of the Akeneo family.
Sigmento’s founders will join the Akeneo management team. The combined development team will continue to advance Sigmento’s core technology while integrating it into Akeneo’s current and future PIM products. Sigmento’s Israeli office will become Akeneo’s fourth global outpost, joining existing locations in Boston, MA; Nantes, France; and Düsseldorf, Germany.
Akeneo is the product experience (PX) company and global leader in Product Information Management (PIM), enabling organizations to build and deliver world-class product experiences across every customer touchpoint through a comprehensive PX Strategy. By providing best-of-breed technology and expertise, Akeneo’s intelligent Product Cloud accelerates growth, reduces time-to-market, and gives organizations the competitive edge needed to convert browsers into buyers.
Leading global brands, manufacturers, distributors, and retailers, including Chico’s, The Very Group, TaylorMade Golf, Rail Europe, Kering, and more trust Akeneo to scale and customize their omnichannel commerce initiatives. Using Akeneo’s AI-Centric Product Cloud, companies can activate product experiences in any and all channels that drive an improved customer journey from discovery to purchase, resulting in increased sales, reduced returns, faster time-to-market, and increased team productivity.
Sign up for our newsletter and stay ahead of the curve on everything you need to know about product information management, product experience management and how to unlock growth for your organization.
