Otimo Retail, a Montreal-based private investment firm focused on retail technology, has acquired XCCommerce. XCCommerce empowers top-tier retailers with omnichannel promotion and coupon solutions.
"XCCommerce is the best kept secret in retail systems," says Otimo partner Howard Stotland. "We were highly impressed by their client base and the quality of both their products and services. As evidenced by their stellar references, XCCommerce clearly delivers tangible business value to their customers. We are thrilled to add them to our portfolio."
By joining forces and combining the breadth of their expertise, Otimo Retail and XCCommerce now offer global retailers the power to optimize their promotional and coupon initiatives within a unified commerce approach.
"The Otimo leadership is the perfect cultural fit for XC," says Nabil Tabet, CEO of XCCommerce. "They have a deep understanding of retail, they believe in providing excellent customer service, they value high-caliber employees, and we share a synergetic vision for growing the company."
Otimo Retail benefited from the funding and strategic support of Desjardins Capital as an institutional investor in the acquisition of XCCommerce.