SLI Systems

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SLI Systems
Founded2001
Headquarters
United States Edit this on Wikidata
Products
  • Learning Search
  • Learning Navigation
  • Site Champion
  • Learning Recommendations
WebsiteSLI-Systems.com

SLI Systems provided

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,

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

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

  1. ^ "Chemist Direct conversion rates soar following deployment of SLI Systems’ search technology", 31/07/2014, Fiona Briggs, etailtimes.co.uk
  2. ^ a b c Focusing on retail works for SLI Otago Daily Times 16 July 2014
  3. New Zealand Herald
    1 June 2013
  4. ^ SLI Systems lists on NZX today Computerworld 30 May 2013
  5. ^ "GlobalBrain back to have another crack", 21 January 2002, Andrea Malcolm, computerworld.co.nz
  6. ^ "Global Brain back on market after huge losses at US owner", Apr 11, 2001, Chris Barton, New Zealand Herald
  7. ^ McCrone, John: Secrets to Success The Press 31/07/2011.
  8. ^ SLI Systems's customers
  9. ^ "SLI Systems to sell shares at $1.50 in bid for Japan, Brazil growth". The National Business Review. Retrieved 3 January 2016.
  10. ^ "Sam Morgan to invest another $1m in SLI". The National Business Review. Retrieved 3 January 2016.
  11. ^ "SLI Systems tips cashflow breakeven". Stuff. 25 August 2015. Retrieved 3 January 2016.
  12. ^ "New role for SLI Systems CEO". Stuff. 30 September 2015. Retrieved 3 January 2016.
  13. ^ "SLI Systems Limited". www.nzx.com. Retrieved 21 January 2016.
  14. ^ "SLI Systems Limited". www.nzx.com. Retrieved 21 January 2016.
  15. ^ "Case Studies | SLI Systems UK". www.sli-systems.co.uk. Retrieved 21 January 2016.
  16. ^ "SLI Systems Acquired by ESW Capital".
  17. ^ "SLI Systems to delist next week | Scoop News".
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