Kibo provides business updates | business wire

DALLAS–(BUSINESS WIRE). scale Kibo’s growth.

“Our continued momentum and ability to invest heavily in our core business at a fairly critical time in our economy speaks volumes for the work we have done here. We plan to redouble our efforts with our go-to-market strategy and continue investing in our infrastructure to better support our customers’ digital transformation,” said Ram Venkataraman, CEO of Kibo.

Kibo will focus its resources solely on its core trading solutions. As a fully modular, API-first platform, this puts Kibo in an even stronger position to serve B2C, B2B and D2C customers with innovative solutions.

Referring to the spin-off, Venkataraman said, “Merchants want the ability to assemble the ideal commerce and marketing tech stack that works for their business. The transaction opened the door for Kibo to expand our partnership opportunities with other leaders in personalization and digital commerce that complement our composable products.”

Through products like distributed order management, headless commerce, and subscription commerce, Kibo focuses on the capabilities retailers and brands need to build, maintain, and evolve commerce experiences. The modern nature of Kibo’s full product offering enables companies to move faster than their competition and further drive conversion and customer loyalty.

“When an organization like Kibo already has market momentum, significant capital injections like this enhance its ability to leverage that momentum, accelerate sales and marketing efforts, and quickly reach the next stage of growth. In the SaaS space, being debt-free in our current economic environment, coupled with additional investments and a focus on areas like go-to-market, can be a game changer,” said David Bonnette, managing director at Vista Equity Partners and board member of Kibo.

Recently named as a visionary vendor, Kibo was ranked first for B2C digital commerce by Gartner Critical Capabilities for Digital Commerce Platforms in August 2022. As part of its review, Gartner highlighted the capabilities of Kibo’s order management system (e.g., home shipping, split packing slips, inventory segmentation), merchandising tools, and promotional capabilities.

Kibo was recently named the sole leader in The Forrester Wave™: B2C Commerce Solutions, Q2 2022 by global research and advisory firm Forrester Research. According to Forrester, “Kibo is a best fit for digital businesses that prioritize a pre-integrated platform with shared services across functional areas.”

For more information about Kibo Commerce, visit kibocommerce.com.

ABOUT KIBO

Built for technologists and loved by marketers alike, the Kibo Commerce Platform is a catalyst for transforming modern commerce. Kibo is a SaaS-based collection of commerce products that encompass e-commerce, order management, and end-to-end subscription capabilities designed to meet the unique needs of B2C, B2B, and D2C organizations. Kibo products are built on a unified technology platform that provides users with a common admin and single source of truth for the most important trading data to deliver truly unified customer experiences across all channels. Kibo is designed for the modern retailer looking to achieve rapid revenue growth through scalable, future-proof technology.

Global customers such as Zwilling, ACE Hardware, Athletic Greens and Jelly Belly rely on Kibo’s API-first, microservices-based architecture to deliver a wide range of commerce strategies such as headless and composable commerce to meet high growth targets and meet customer expectations in a manageable manner to meet costs of ownership. Learn more at www.kibocommerce.com.

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