Kibo, the cloud-based omnichannel commerce solutions company, announced Tuesday (Oct. 18) 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. Terms of the deal were not disclosed.
In a press release, Kibo said it is dedicated to empowering retailers and branded manufacturers with 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 a 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, the company said.
“We believe the best solutions build cross-channel consistency, seamlessness and individualized brand experiences for every consumer,” said Kenneth Frank, CEO of Kibo, in the press release. “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,” Jason Wallis, chief technology officer of Mozu, added in the press release. “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.”