The amount of the deal was not disclosed.
BDC plans to combine Maginus and Helsinki, Finland-based digital commerce technology company Digital Goodie, another portfolio company, as part of a strategy to obtain a leadership position in the Order Management System (OMS) sector serving the grocery and general product retail industries.
Led by Simon Weeks, CEO, Maginus develops e-commerce software and technology solutions for mid-market retailers and distributors with the goal of providing unified customer experiences across physical and online channels. Its proprietary OMS solution serves companies in B2B and B2C e-commerce. The company is also an integrator of front-end e-commerce systems.
Founded in 2009, Digital Goodie is a digital commerce technology company providing a modern and fully customizable connected commerce platform aiming at connecting online and brick and mortar worlds to one simple user experience. The Digital Goodie Connected Commerce platform runs on top of a new generation microservices architecture consisting of modular commerce and fulfillment solutions.
Based in Miami, Fla., Black Dragon Capital is a minority-led private equity firm with a focus on growth investments, particularly in digital commerce, financial services and media technology. Black Dragon’s team of industry professionals have significant operational experience, strong financial backgrounds and proven track records of success and investment experience, ranging from startups to billion-dollar organizations in both public and private vehicles.
The firm leverages its network expertise and deep domain knowledge to assist in accelerating growth and profits in selected markets – all while working closely with entrepreneurs.