Slyce Acquires Mobile Coupon App SnipSnap for $6.5M

Today, the Toronto, Canada-based Slyce – the retail visual search platform empowering mobile apps such as Neiman Marcus’s image recognition shopping app – has announced its acquisition of the Philadelphia, PA-based mobile couponing company SnipSnap. The acquisition is valued at $6.5 million and is a combination of both cash and stock.