Mi9 Retail, a Miami, Fla.-based provider of merchandising, business intelligence and customer-centric store operations software for retailers, received an investment of undisclosed amount.
The round was led by global growth equity investor Summit Partners. In conjunction with the funding, Michael Medici, a Principal at Summit Partners, will join Mi9 Board’s of Directors.
The company intends to use the funds for continued growth – including its recently announced acquisition of Raymark Xpert Business Systems.
Led by CEO James Zubok and President Neil Moses, Mi9 Retail provides enterprise retail merchandising, business intelligence and customer-centric software, for retailers to build personal relationships with their customers, process high volumes of transactions in real time, and optimize inventory across all channels.
The company also has operations in North America, Europe and Asia.