Centre Lane Partners to acquire the personalization business of Kibo.

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.