MIAMI, Dec. 3, 2019 via PR Newswire
Black Dragon will Combine Maginus with Portfolio Company Digital Goodie to Expand Presence in Order Management System Sector Serving Digital Retail Market.
Black Dragon Capital℠ (BDC) has acquired Maginus, an e-commerce software and technology solutions developer for retailers and distributors, the private equity firm announced. BDC plans to combine Maginus and Digital Goodie, another portfolio company, as part of a strategy to carve a leadership position in the large and growing Order Management System (OMS) sector serving the grocery and general product retail industries.
“The combined Maginus and Digital Goodie company will have a one-of-a-kind cloud-based Order Management System platform to handle the complete product portfolio of retailers. The enhanced scale and expanded product suite will position the company to capture a greater share of the vast OMS market, which is projected to grow at an average rate of 11% a year through 2023,” said Louis Hernandez, Jr., founder, chairman and managing director of BDC, which makes control investments in growth companies and industries disrupted by digitization.
“The Maginus eCommerce OMS has a proven platform at scale for general product categories and has delivered proven results to retailers…