DALLAS--(BUSINESS WIRE)--Kibo, the world’s leader in cloud-based omnichannel commerce solutions, today announced its acquisition of Mozu, an enterprise cloud-based commerce solution, designed to help enterprises manage their entire online presence - commerce, branding, customer engagement and publishing - in a single, powerful and enjoyable experience.
Kibo is dedicated to empowering retailers and branded manufacturers with industry-leading omnichannel commerce solutions to unify the consumer experience. The acquisition and integration of Mozu’s technology into the Kibo platform will enable roadmap acceleration to deliver the industry’s most robust, feature-rich, cloud enterprise commerce technology. Existing Kibo customers will benefit from an injection of unique technologies that will enhance market differentiation and platform extensibility.
“We believe the best solutions build cross-channel consistency, seamlessness and individualized brand experiences for every consumer,” says Kenneth Frank, CEO, Kibo. “This investment represents our commitment to empowering our customers to increase sales and improve consumer loyalty. Furthermore, Kibo brings a host of technologies and solutions to existing Mozu customers including our market-leading technology in order management system (OMS), real-time individualization and mobile point of commerce to further enhance and unify consumer buying experiences. We couldn’t be more thrilled at Kibo to bring Mozu into the platform and look forward to partnering with all of our customers to see continued success as a result of this investment.”
“Joining Mozu’s technology with Kibo’s unified omnichannel commerce platform is exciting for both companies,” says Jason Wallis, Chief Technology Officer, Mozu. “Mozu and Kibo customers alike will be thrilled with this news, as Kibo is dedicated to aggressively invest in the commerce platform. Customers will continue to find themselves with the most innovative omnichannel solutions available in the market.”
To learn more about Kibo’s eCommerce solutions, visit www.kibocommerce.com.
Pacific Crest Securities, a division of KeyBanc Capital Markets, acted as buy-side adviser to Kibo.
ABOUT KIBO:
Kibo empowers retailers and branded manufacturers to achieve optimal performance of B2C and B2B commerce through unified consumer experiences. With over 40 years of innovations, Kibo provides a complete omnichannel commerce platform delivered with the lowest total cost of ownership and the fastest time to market. By leveraging cloud technologies, individualized buying experiences, and true enterprise scale, Kibo enables you to reach higher peaks of sales and consumer loyalty. No matter the challenge, Kibo powers your success. For more information, visit kibocommerce.com.
ABOUT MOZU:
Mozu is the modern cloud commerce platform that simplifies enterprise commerce. Mozu drives top line revenue by delivering unified customer experiences, ensuring clients can react quickly to changing trends and meet customers where they already are. The Mozu platform optimizes the bottom line by increasing marketing agility, reducing time spent on site changes and marketing updates. The platform's best-in-breed technology focuses on flexibility and innovation, keeping Mozu's clients on top of technology trends with effortless platform updates.