Visual search software company in Europe for sale

• Revenue: > 2M EUR
• Employees: > 25
• Valuation expectations: > 4M EUR
• Location of the Visual search software company: Europe
• Reason for sale: The owners want to grow the company in Europe, therefore are looking to talk to interested investors
• #CFIE ITS450

The company for sale developed a visual search platform that enables people a better and easier way to search and find specific information and data. The team is engineering visual intelligence to close the gap between human visual nature and computer technical nature. Due to this platform, companies from various industries improve their financial results by helping people to find, discover and obtain certain things. The biggest sectors in which image recognition is mostly applied are Automotive, Consumer Products, Robotics & MachineVision, Security & Surveillance. Any search challenge is overcome by using the company’s technology that is designed and engineered special to help the user to get the things done. The company register a little more than 2M Euro and has promising perspectives to develop further, future expectations include the scenario in which image recognition market will grow by 20% until 2022. The owners appreciate the company value to be over 4M Euro. The company is not actively looking for sale, but the owners are open for a financial investor that can help the company grow across Europe. A potential buyer could be also a strategic partner that has a large client base already.

The company for sale is active in the fields of image recognition, object detection and spare parts recognition. It serves leading companies across various industries, customers that are active in more than 50 countries and which are representing each continent. The team is formed of around 30 professionals that are led by respected technology industry veterans. The team created visual search software solutions that can be used in all industries to find what the user is looking for. Text-based search is an important challenge for companies that operate with products, components or other pieces that define a business. The company’s visual recognition solution can put together spare parts and create an ensemble that offers important information. The solution can deliver performance in matters that are most crucial: accuracy, speed, scale, privacy and security. It can also accelerate the value provided by the fact that it can be easily integrated and customized to meet specific requirements.

There are 4 key image recognition functions covered by the company tech with different use cases across industries. There is the “detect” function in which there is found relevant objects and their position in an image. The “identify” function serves to precisely identify the detected objects. “Count” is used for counting and grouping the detected objects and “measure” function is measuring the size of detected objects. The solution for Visual Product & Object Search is a unique platform that does category agnostic visual search and recommendations. The operating precision is up to 95% trough combination of different visual algorithms. The process has an average speed of 600ms response time and the solution integration takes less than 60 seconds. The product scalability allows for up to 500 million products. This solution can be used in retail, industrial fields, ad-tech and insurance.

The company develops visual search software solutions that help the users to assess, report information and accelerate transactions by finding elements or assemblies, tracking digital assets, identifying and replacing spare parts.

• The company is active in developing and providing visual search software solutions
• The solutions are used for searching, identifying and assembling spare parts of information
• The company is not actively looking for sale; however, the owners are open to talk with financial investors that are interested to grow the business in Europe