February 12, 2020
ComQi Inc., a digital signage provider owned by display manufacturer AUO, has officially acquired JohnRyan, a retail and banking marketing agency and content management software provider based in Minneapolis. Both companies will operate as separate entities under AUO, according to a press release.
"Our acquisition of ComQi two years ago, and now with ComQi's acquisition of JohnRyan, shows AUO's commitment to providing a total end-to-end solution in the ‘field economy’ that can serve all aspects of retail and beyond," Paul SL Peng, chairman and CEO of AUO, said in the release. "We understand that a complete solution benefits from deep domain knowledge of the sector, along with a rich and thorough hardware, software and services offering. Together, our group has the right combination of people, insights, technology and services to deliver the best of class digital signage solution for smart retailing."
JohnRyan's key product is its Quick Messenger content management platform, which is built specifically for financial service firms. Although the company is based in the U.S., it also has offices in London and Toronto, according to the release.
"We see very little overlap between the two operating companies," said Ifti Ifhar, ComQi's CEO, in the release. "We'll see cross-pollination of ideas, shared domain intelligence, and access to intellectual property that can only benefit our collective customers. Without a doubt, this acquisition extends our reach and capabilities across the wide breadth of retail, and it also gives us, through JohnRyan, a stronger presence in Europe."