Kibo completed its acquisition of Monetate.

Kibo, a provider of cloud commerce, completed its acquisition of Monetate, a testing and optimization provider. Financial terms were not disclosed. “Monetate continues to be committed to providing our clients with capabilities to deliver the best experiences for their customers in every interaction over time. Our clients have leveraged our solution to deploy successful personalization strategies to drive growth and conversion. The opportunity to become part of a larger commerce platform with complementary products is exciting for both our clients and employees.” Stephen Collins, Monetate CEO.