Kibo Software, a cloud-based, end-to-end commerce solution for retailers and branded manufacturers, has appointed Vista Equity executive David Post as its new CEO.
Post brings two decades of experience in the high tech and software industries to the Dallas, Texas-based SaaS company.
The cloud-based omnichannel commerce platform was formed in Jan 2016, a result of the merger of Fiverun, MarketLive and Shopatron. Kibo offers its customers a suite of services such as in-store offerings, with point of sale, dynamic payment processing and store optimization, as well as online applications including web-based merchandising, website content management and design, and distributed order management for omnichannel fulfillment. The company also provides integrated search functions and back-end support for warehouse management, shipping, reporting, analytics and customer loyalty programs.
Most recently, Post served as the President of Vista Consulting Group, Vista Equity Partners’ operational consulting arm. At the helm of Kibo, Post hopes to supercharge growth with new customer launches and product innovations.
“I am very excited to join Kibo and work alongside such a talented and dedicated team,” said Post. He applauded the company’s strides made within a competitive industry, as well as its role as a pioneer in the unifying commerce technology space. Kibo lists over 800 customers fulfilling orders in 75 countries.
“David has a track record of successful leadership as a senior executive within the Vista portfolio and in other firms,” said Patrick Severson, Vista Equity Principal and Kibo Board member in a statement. “David joins Kibo from a leadership position within Vista, where he has been responsible for driving the success of best practices through the portfolio. This unique and valuable perspective, combined with his operating experience, will support Kibo’s growth in delivering greater value for the retail industry.”
Vista Equity Partners is a U.S.-based private equity firm focused on deals in the software, data and technology sectors. The firm, with offices in Austin, San Francisco, Chicago and Oakland, manages over $31 billion in cumulative capital commitments.