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Stylitics Acquires Wide Eyes, The Advanced Visual Ai Solutions Company For Fashion And Retail

Jul 11, 2023•over 2 years ago

Acquiring Company

Stylitics, Inc.

Acquired Company

Wide Eyes

New YorkInformation Technology

Description

Stylitics, the category leader in AI-powered digital merchandising and styling technology, today announced its acquisition of Barcelona-based Wide Eyes, one of the leading visual AI solutions for fashion and retail.

Company Information

Company

Stylitics, Inc.

Location

236 5TH AVENUE, 6TH FLOOR

New York, New York, United States

About

Founded in 2011, Stylitics is an outfitting and styling technology partner to the world’s most forward-thinking retailers. We help retailers deepen customer relationships, maximize every sales opportunity, and create efficiencies everywhere from the design studio to the sales floor. An end-to-end outfitting solution that’s one part tech, one part brand strategy, and one part visual merchandising. Starting with a database of stylish outfit images that are created automatically according to your brand, Stylitics makes it possible for retailers to deliver personalized, outfit-driven experiences for every product, to every customer, everywhere—no stylist required.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed