Centre Lane Partners Acquires Kibo's Personalization Business; Monetate Relaunched
October 28, 2022
Centre Lane Partners has acquired Kibo’s personalization business and relaunched it as a stand‑alone company under the Monetate brand, with Brian Wilson named CEO. The carve‑out lets Kibo focus on its core commerce and order management products while Monetate — a SaaS personalization, recommendations and experimentation platform — pursues growth across retail, financial services, travel & hospitality and telecommunications.
- Buyers
- Centre Lane Partners
- Targets
- Monetate
- Sellers
- Kibo
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Divestiture
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