Digital Foodie and Maginus merge and form Naveo Commerce, backed by Black Dragon Capital

Naveo Commerce, a Helsinki, Finland-based software developer of a customizable SaaS platform for on-demand groceries, announced that it was founded following the merger of Digital Goodie and Maginus.

The deal was backed by the American private equity firm Black Dragon Capital and was made in order to to offer a complete end-to-end eCommerce solution for Enterprise and SMB retailers.

Naveo Commerce, led by CEO Moris Chemtov, will operate as a unique end-to-end eCommerce, OMS and Fulfilment technology provider for retail, SMBs and Enterprise across all vertical markets. The Maginus partnership with Magento and Episerver will continue as a core consulting arm sitting under the Naveo Commerce brand.

Naveo Commerce operates internationally and is already working with major retailers in the UK, Nordics, Central and Eastern Europe. Its native cloud-based solution is particularly attractive to customers like Finland’s largest retailer S Group and The Co-op