SLI Systems
Script error: No such module "Unsubst". Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". SLI Systems provided cloud-based search tools for online retailers under a "software as a service" (SaaS) model. It was a public company listed on the New Zealand Exchange.
SLI is an acronym for Search, Learn and Improve.
Products
SLI's main product, Learning Search,[1] uses the behavior of its users to determine search results. The company also sells a user-generated search engine optimization (SEO) product called Site Champion, and a site navigation product called Learning Navigation.
Origin
SLI Systems was formed in 2001,[2] and in 2013 the company raised $27 million NZD in its initial public offering[3] and listed on the New Zealand Exchange.[4] The core technology was originally developed at GlobalBrain, a company founded in 1998[5] by Grant Ryan.[6] That company was acquired by the internet arm of US media company, NBC in April, 2000 for US$32 million, but after dot-com crash[2][7] Shaun Ryan and others bought the technology back from NBC, and formed SLI Systems.[2]
SLI formerly had offices in San Jose, Christchurch, Tokyo, Melbourne and London and over 400 clients internationally including, FTD, 7 for all Mankind, Harry & David and Next.[8]
Performance
In 2013, SLI Systems launched an initial public offering on the New Zealand Exchange, raising $27m NZD with shares issued at $1.50, to help fund growth into important markets like Japan and Brazil.[9] Key investors included NZ entrepreneur Sam Morgan.[10] SLI Systems's share price performed strongly initially, rising to $2.50, before falling to as low as 71c after the company posted larger than expected losses and had some unexpected senior management changes 2015.[11][12]
SLI Systems announced to the New Zealand Exchange in November 2015 that revenue guidance would be 29% above the previous year.[13] Recent significant client customer wins announced at the 2015 annual general meeting included Lenovo, David Jones, Harvey Norman and Paul Smith.[14] SLI Systems' UK website also list a number of clients via case studies .[15]
In January 2019 the company was taken private via acquisition by a private equity firm. The SLI search algorithm and IP were rolled into the company portfolio.[16]
The company no longer operates independently and was delisted by the New Zealand Stock Exchange in January 2019. Soon after, the US domestic headquarters in San Jose were shut down.[17]
References
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- ↑ "Chemist Direct conversion rates soar following deployment of SLI Systems’ search technology", 31/07/2014, Fiona Briggs, etailtimes.co.uk
- ↑ a b c Focusing on retail works for SLI Otago Daily Times 16 July 2014
- ↑ Investors take a shine to new tech stock SLI Systems New Zealand Herald 1 June 2013
- ↑ SLI Systems lists on NZX today Computerworld 30 May 2013
- ↑ "GlobalBrain back to have another crack", 21 January 2002, Andrea Malcolm, computerworld.co.nz
- ↑ "Global Brain back on market after huge losses at US owner", Apr 11, 2001, Chris Barton, New Zealand Herald
- ↑ McCrone, John: Secrets to Success The Press 31/07/2011.
- ↑ SLI Systems's customers
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External links
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