The price of water is therefore high and, until recently, farmers paid the least, since preference was given to irrigation installations that facilitated control of the amounts of water used, minimized conveyance losses, and were economical in the use of labor. The development plans must also take into account shortages of capital. In 1959, Israel's Knesset (parliament) passed the Water Law, vesting all water rights in the state and giving the water commissioner in the ministry of agriculture the sole authority to fix tariffs, allocate water, and issue licenses for exploiting water resources.Īll water development schemes are closely integrated with plans for agriculture and the realities of the scarcity of both land and water. In 1952, Tahal, the Israel Water Planning Corporation, was set up to plan the water, sewage, and drainage systems and to supervise development. The first comprehensive water-development plan was adopted in 1950, stressing the maximum conservation of water. With the establishment of the State of Israel in 1948, much effort was expended on drawing up an inventory of national water resources, defining growth objectives for the country, and planning methods of development. They use unique data generated by visual AI to help shoppers find the most relevant products.īrands and retailers like Farfetch, PrettyLittleThing, Signet Jewellers, Coleman Furniture, SHEIN, and Baycrew's, partner with Syte to drive eCommerce revenue and build long-term customer loyalty.Agency that oversees the planning and development of israel's water resources. Syte's solutions include visual and text search, automated product tagging, personalized recommendation carousels, and more. It uses visual AI to create intuitive search and discovery experiences for all types of shoppers. Syte is the world's first Product Discovery Platform for retail. "On top of the camera search solution that we've long-provided for Slyce customers, they will now have access to several new capabilities like automated product tagging, hyper-personalization, and Augmented Site Search, all powered by visual AI." "We're very excited for Slyce and Syte to join forces," said Slyce CEO Ted Mann, who is helping lead the integration of the two businesses. Shoppers are demanding comprehensive, connected experiences with diverse and personalized recommendations, and the acquisition of Slyce will allow Syte to bring this seamless eCommerce experience to North American consumers at scale. ![]() "This is a pivotal era for eCommerce, and the Syte team is thrilled to position these businesses at the forefront of retail innovation with an integrated, hyper-personalized approach to online product discovery."Īs brands increasingly welcome new and varied online shopping personas, and consumer expectations for personalized experiences continue to heighten as they rely more heavily on eCommerce, Syte is continuing to fill the gap created by siloed retail solutions with a holistic product discovery platform that goes beyond visual search to cater to all shopper styles. We believe our full-platform approach, combining visual discovery, searchandising, and personalization solutions, will drive performance for Slyce customers and new clients alike as we extend our services to leading North American brands and retailers," said Vered Levy-Ron, CEO of Syte. "The acquisition of Slyce's book of business is an important driver of growth for Syte as we scale our expansion into the US market. Through this transaction, Syte will also have the ability to present a wider range of sophisticated product discovery solutions to Slyce's fashion and furniture customers ahead of another unprecedented 2021 holiday shopping season. Syte saw a 43% year-over-year growth of North American customers between 20, and the acquisition of Slyce's portfolio of fashion and furniture customers, combined with the company's strong reputation in the North American retail and eCommerce markets, will further propel Syte's sustained growth. Terms of the transaction were not disclosed. "This strategic acquisition allows Syte to leverage Slyce's deep knowledge and experience in the North American market, establishing a powerful go-to-market group to support new and existing clientele", said Ofer Fryman, Syte's co-founder and Chief Strategy Officer who led the acquisition process. 22, 2021 /PRNewswire/ - Syte, the leading Product Discovery Platform for retail, today announced that it has acquired both the fashion and furniture segments of Slyce, a US-based visual search company that has integrated its technology into the apps and websites of more than 60 major retailers, including Abercrombie & Fitch, New Look, and Ashley Furniture HomeStore.
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