Otimo Retail acquires XCCommerce

Montreal-based Otimo Retail, a private investment firm focused on retail technology, has acquired XCCommerce, a provider of omnichannel promotion and coupon solutions for top-tier retailers. No financial terms were disclosed. Desjardins Capital, a fund manager in Quebec, provided funding and support to Otimo Retail on the transaction. XCCommerce is headquartered in Montreal.

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