With Bright Insights, Bright Data will now provide customers with the complete web data cycle, from collection to analysis and actionable insights
LONDON, September 12, 2022–(BUSINESS WIRE)–Bright Data, the industry-leading web data platform, today announced the acquisition of eCommerce insights provider Market Beyond. With this acquisition, Bright Data adds digital shelf analytics to its comprehensive data offerings, introducing its new division – Bright Insights.
The Market Beyond team will join Bright Data’s 400+-strong team, where they will lead the newly formed Bright Insights division. This dedicated team will roll out Bright Insights to the company’s enterprise retail customer base with future plans to expand into more domains.
With Bright Insights, leading retail brands, marketplaces and manufacturers can now get quality, reliable web data as well as critical business insights from one place. This will allow leading brands to create strategies based on quality-based data insights and, in turn, optimize and advance their business performance.
Since launching in Tel Aviv, Israel, in 2016, Market Beyond has worked with major manufacturers and brands within the eCommerce sphere to provide an accurate picture of their and their competitors’ market share in the eCommerce landscape. Market Beyond has grown significantly and now has a global footprint with a dedicated US focus, where its customer base includes many Fortune 500 brands, such as Home Depot, eBay, Overstock and more.
“The acquisition of Market Beyond, and the subsequent launch of Bright Insights, will enable retail sphere leaders to seamlessly access the real-time web data they need as well as the actionable insights critical to in split-second decision making,” said Bright Data CEO Or Lenchner. “Bright Data’s focus on innovative web data products supports thousands of customers worldwide. The introduction of Bright Insights will take data analysis to the next level. We look forward to welcoming the Market Beyond team to the expanding Bright Data family, and are excited about the positive impact it will have on the data industry.,” concluded Lenchner.
“This partnership not only signals a new chapter for Market Beyond but reaffirms our commitment to providing market-leading data-driven insights to leading enterprises worldwide,” said Market Beyond CEO Yuval Yifrach. “Market Beyond’s capabilities perfectly complement Bright Data’s industry-first technology. This deal, as well as the launch of Bright Insights, will allow us to continue providing market intelligence to brands and retailers and expand our reach into new markets. We’ve been working closely with Bright Data technology for over two years now and look forward to continuing to work with the entire Bright Data team as we build Bright Insights and push the boundaries of what’s possible within the data-driven analytics space. in the data..”
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About Market Beyond
Since its founding in 2016, Market Beyond’s unique AI and Machine Learning technology has served the world’s largest brands, particularly market-leading brands, including the Fortune 500, in the US. Today, Market Beyond provides dozens of its customers in the retail space with reliable and accurate real-time market insights that directly impact their current landscape as well as future strategic moves.
About Bright Data
Bright Data is the industry leading web data platform. Fortune 500 companies, academic institutions, and small businesses rely on Bright Data solutions to capture public web data in the most efficient, reliable, and flexible way to research, monitor, and train their systems and analyze data to run better strategies and inform decision making.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220912005571/en/
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