ACQUISITION ANNOUNCEMENT: Otimo Retail Acquires XCCommerce Inc.

MONTREAL, QC September 3rd, 2019 Otimo and XCCommerce join forces to empower retailers with unified commerce tools. Otimo Retail, a Montreal-based private investment firm focused on retail technology, acquired XCCommerce effective May 31st, 2019.  XCCommerce empowers top-tier retailers with highly performant omni-channel promotion and coupon solutions.  Otimo Retail also benefited from the funding and strategic support of Desjardins Capital as an institutional investor in the acquisition of XCCommerce. “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.” Otimo partner David Henning adds, “XC delivers a solution that provides retailers with a consistent shopping and promotional experience for consumers, irrespective of the channel they choose [...]