Boom Commerce Completes Strategic Investment in POS Technology Leader Ovvi

▤ Summary

Combining Ovvi’s product and technology expertise with our vast distribution network will be immediately accretive to both companies and expand our market share in both the POS and integrated payment spaces.” Ovvi CEO Manan Mehta added, “This capital infusion and distribution partnership with Boom will jumpstart our already impressive growth trajectory and give our team more breathing room to focus on what we’re good at – product and technology development. Leveraging Boom’s capital and distribution network and its many strategic relationships within the industry is a huge win for us as we continue improving our suite of POS technology products to enter more markets in both the US and globally and dominate the space from a technology and user experience standpoint.” Boom and Ovvi have each achieved over 30% revenue growth year over year in 2020 despite dire economic conditions and this partnership positions both companies to exceed that growth rate in 2021. Boom Commerce is a payment processing technology and service provider headquartered in Portland, Oregon, with additional offices spread across the country. We market our products and services through a large and diverse network of distributors who we support with technology, expertise and capital to ensure their growth and success. We offer leading integrated POS hardware, software and payment solutions to thousands of merchants around the globe within a wide variety of verticals, including restaurants, bars, retail and convenience stores.

$ Funding

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▦ Linked Companies

POSsible POS

$1M to $5M