Otimo Retail acquired XCCommerce.

Otimo Retail, a Montreal-based private investment firm focused on retail technology, acquired XCCommerce, a Canadian software developer. Financial terms were not disclosed. "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."