Developer of wireless machine-to-machine communications software designed to automate vending machines. The company's technologies and embodied cloud-based software platform delivers an integrated end-to-end vending and payment system for cashless vending, dynamic route scheduling, automated pre-kitting and merchandising and inventory management which can be accessible by any mobile devices thus enabling companies and vending operators modernize their vending business resulting in increased revenue, greater route efficiencies and streamlined back office administration.
Generating Revenue
Acquired/Merged (Operating Subsidiary)
Formerly PE-Backed
The company was acquired by USA Technologies (NASDAQ: USAT) for $84.81 million on November 9, 2017. The acquisition will bring together complementary portfolios and what both companies believe to be the industry's top systems for the purpose of providing a unified platform, unparalleled service and unrivaled value to customers in the unattended retail market. USAT paid $65 million in cash and issued shares of USAT common stock valued at $19.81 million.
Add a review