Business
eBay Acquires Certilogo
Deal brings new, 'Secure by Design' digital ID technology, authentication to eBay fashion category, expanding opportunities in the circular economy SAN JOSE,
About this update from Ebay Inc.
[{"type":"text","content":"Deal brings new, 'Secure by Design' digital ID technology, authentication to eBay fashion category, expanding opportunities in the circular economy\nSAN JOSE, Calif., July 11, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, today announced it has completed its acquisition of Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication.\n\n \n \n \n \n \n \n\n \nBased in Milan, Certilogo leverages digital technology to empower brands and designers to manage the lifecycle of their garments, while providing consumers a seamless way to engage with their favorite brands and fashion items, access reliable product information, confirm authenticity and easily activate circular services. Certilogo will continue to be led by CEO Michele Casucci.\n\"We are excited to welcome the talented Certilogo team to eBay, as they bring their passion and cutting-edge technology to our community of fashion enthusiasts,\" said Charis Marquez, VP, eBay. \"Through this acquisition, eBay will be able to offer brands secure, connected product solutions that are both flexible and compatible. Brands will also be able to protect their customers from counterfeits and engage in recommerce through counterfeit-proof digital product passports.\"\n\"The partnership between Certilogo and eBay will unlock opportunities for consumers and brands to connect, opening up new potential to activate and expand engagement with the circular economy,\" said Michele Casucci, CEO and Founder, Certilogo. \"Our team is ready to get right to work incorporating our technology and infrastructure and ensuring a seamless transition for our customers, brand partners, and the entire eBay community towards a more sustainable, connected future.\"\nDetails on the TransactioneBay has acquired Certilogo as of July 11, 2023. Further details were not disclosed.\nAbout eBayeBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in more than 190 markets around the world. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In ...