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Announced

Centre Lane Partners to acquire the personalization business of Kibo.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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EV/EBITDA-
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Tags

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Private

Domestic

Single Bidder

Majority

Software

Private Equity

Pending

United States

commerce platform

Acquisition

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Synopsis

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Centre Lane Partners, a private investment firm, agreed to acquire the personalization business of Kibo, a SaaS-based collection of commerce products. Financial terms were not disclosed. “We are extremely excited to partner with Centre Lane on this next chapter of our journey as a leader in personalization. With the power of product recommendations, 1x1 personalization, personalized search, and A/B testing in a single unified personalization platform combined with the re-launch of the Monetate brand, we are well positioned to pursue our go-forward growth strategy that will build upon our strong retail footprint while continuing to expand into other markets,” Brian Wilson, Kibo COO.

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