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Otimo Retail Acquires XCCommerce to Expand Unified Commerce Tools Offerings to Retailers
Tuesday 10 September 2019

10 September 2019 - Montreal, Canada-based private investment firm Otimo Retail has acquired Quebec, Canada-based XCCommerce, offering top-tier retailers performant omni-channel promotion and coupon solutions, the company said. 

Terms of the transaction were not disclosed.

Otimo Retail also benefited from the funding and strategic support of Desjardins Capital as an institutional investor in the acquisition of XCCommerce.

By joining forces and combining the breadth of their expertise, Otimo Retail and XCCommerce now offer global retailers the power to optimise their promotional and coupon initiatives within a unified commerce approach.

Otimo Retail has a heritage in retail systems and a track record as a growth stage investor.

XCCommerce offers omni-channel promotion and coupon solutions. The company is proven across a wide range of retail segments, including apparel, grocery, drugstore and hardware.

Desjardins Capital (previously Desjardins Venture Capital) has a mission to value, support and nurture the best of Quebec entrepreneurship.
Details
Date Published: 10/09/2019
Target: XCCommerce
Country: Canada
Sector: IT Advertising/PR
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Otimo Retail
Comment:
Terms of the deal were not disclosed

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