Lucidworks announces Cirrus10 acquisition

AI-powered search specialist, Lucidworks, has bought e-commerce solutions venture Cirrus10. Terms of the deal were not disclosed.

The two have been working together for the past two years and, to quote a press release, can “now combine their domain expertise to provide more targeted solutions for different domains in the fast moving e-commerce market”.

“We realised that we could be doing even more for our customers,” says Will Hayes, CEO at Lucidworks, which last year raised $100 million in funding. “The objectives of each customer whether apparel, home goods, travel, or hospitality, are unique, and we want to become a partner in understanding the strategic imperatives of those goals.”

He adds: “Cirrus10 has been integral in moving beyond Lucidworks Fusion AI-powered search capabilities to understand and impact what brands are doing in the verticals they serve. By acquiring Cirrus10, we can go beyond technology to understand the distinct demands of these organisations and move objectives forward more effectively.”

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