Private equity firm Vista Equity Partners has acquired Fiverun, an innovator in the mobile point of sale (mPOS) arena.
Fiverun will be merged with MarketLive and Shopatron, two companies that Vista acquired recently. The merger will create a unified omnichannel commerce solutions company called Kibo.
Kibo’s product and service will range from PoS, dynamic payment processing and Web-based merchandising to content management and design.
It will also deliver search functions and back-end support for warehouse management, shipping, reporting, analytics, and customer loyalty programs, according to Vista.
Vista Equity Partners founder, chairman & CEO Robert Smith said: "As the unique capabilities of Fiverun are added to the proven capabilities of MarketLive and Shopatron, we see a tremendous market opportunity for continued expansion towards a unified, omnichannel commerce solution.
"We’ve created something new in Kibo, and it launches today as a formidable force that we’re committed to advancing and building in the years to come."
Kibo CEO Kenneth Frank said: "Vista’s acquisition of Fiverun and strategic vision in bringing these three companies together is just the latest example of their commitment to advancing innovation in the retail and commerce sectors.
"I am thrilled to be leading Kibo and am certain our retail and brand manufacturing customer base will find us to be a dynamic and collaborative partner who can offer disruptive solutions that address constantly changing consumer demands in today’s omnichannel retail environment."