M&A Deal Summary

Kibo Acquires Certona

On February 19, 2019, Kibo acquired information technology company Certona from Primus Capital

Acquisition Highlights
  • This is Kibo’s 1st transaction in the Information Technology sector.
  • This is Kibo’s 4th transaction in the United States.
  • This is Kibo’s 3rd transaction in California.

M&A Deal Summary

Date 2019-02-19
Target Certona
Sector Information Technology
Buyer(s) Kibo
Sellers(s) Primus Capital
Deal Type Add-on Acquisition

Target

Certona

San Diego, California, United States
Certona, Inc. is an omnichannel personalization solutions for brands and retailers. Certona pioneered the use of patented machine learning and predictive algorithms for real-time profiling of individual shoppers across various digital retail channels. Certona, Inc. was founded in 2004 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Kibo

Dallas, Texas, United States

Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

Kibo is a cloud-based omnichannel commerce platform for retailers and branded manufacturers. Kibo's e-commerce, distributed order management, mobile point-of-sale, and personalization solutions help customers stay agile and drive connectivity. Kibo’s unified cloud commerce platform is used by over 450 clients across 50+ countries and powers over $7 billion in online shopping revenue. Kibo was formed in 2016 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 3 of 3
Country: United States M&A 4 of 5
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-18 Mozu

Austin, Texas, United States

Mozu is an enterprise cloud-based commerce solution, designed to help enterprises manage their entire online presence - commerce, branding, customer engagement and publishing - in a single, powerful and enjoyable experience.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Monetate

Conshohocken, Pennsylvania, United States

Monetate is a provider of personalization software for consumer-facing brands, enables marketers to grow more of their customers into their best customers. Monetate’s industry-first Personalization Exchange allows brands to create a more relevant and personalized customer experience. Powered by artificial intelligence, the Monetate Personalization Engine enables brands to connect all of their data sources to make the most intelligent decisions possible regarding their interactions with each customer.

Buy -

Seller(S) 1

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 34 of 47
Sector: Information Technology M&A 5 of 8
Type: Add-on Acquisition M&A Deals 21 of 29
State: California M&A 4 of 5
Country: United States M&A 33 of 46
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 BizLibrary

Town and Country, Missouri, United States

BizLibrary is a provider of online employee training and eLearning solutions. BizLibrary was founded in 1996 and is based in Town and Country, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Harmony Healthcare IT

South Bend, Indiana, United States

Harmony Healthcare IT is a data management firm that moves and stores patient, employee, and business records for healthcare organizations. The company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability, and analytics to provide its clients with trusted solutions. Harmony Healthcare IT was founded in 2006 and is based in South Bend, Indiana.

Buy -