Cantaloupe Co., Ltd. (Nasdaq: CTLP), a provider of end-to-end technology solutions for self-service commerce, has completed the acquisition of Cheq Lifestyle Technology, Inc., a provider of solutions that leverage mobile ordering, socially connected payments, and real-time reporting. . , remote support to streamline venue operations, increase efficiency, and increase revenue.
This strategic investment positions Cantaloupe to offer comprehensive self-service solutions and expand into the sports, entertainment and restaurant sectors.
Acquisition:
- Expands Cantaloupe's target market to solutions such as sports stadiums, entertainment venues, festivals, hospitality, theme parks, and full-service and fast-casual restaurants.
- We offer a comprehensive product line including:
- Enterprise-grade POS platform: real-time reporting, remote support, and backend analytics for high-volume venues and complex transactions.
- Omnichannel solutions: mobile payments (native apps, QR codes, NFC, in-seat delivery, pickup with live wait times), POS kiosks, handheld devices.
- Social Connection: Enable real-time gifting, foster a sense of community, and increase fan engagement.
- Teams and Venue Customization: Includes key integrations with key loyalty and Teams mobile applications.
Founded in 2021 and led by CEO Thomas Lapham, CHEQ owns numerous professional teams including the Washington Commanders (NFL), Florida Panthers (NHL), Philadelphia Union (MLS), and Miami Marlins (MLB). We help sports teams, entertainment venues, and festival operators pay their bills. , CFG Bank Arena (Oak View Group) and Loud & Live (Festival) in Baltimore. The company enables its customers to streamline venue operations, increase efficiency and increase revenue by leveraging mobile ordering, socially connected payments, real-time reporting and remote support.
Cantaloupe, led by CEO Ravi Venkatesan, is a global technology company that powers self-service commerce. With more than 1 million active locations and processing more than 1 billion transactions each year, Cantaloupe enables businesses of all sizes to deliver a self-service experience to consumers. The company's vertically integrated solutions include micropayment processing, enterprise cloud software, and IoT technology, as well as kiosk and POS innovations. Cantaloupe's solutions are used in a variety of consumer services in the US, Europe, and Australia, including vending machines, micro-markets, smart retail, EV charging stations, laundromats, metered parking terminals, recreational and entertainment venues, and IoT services. I am.
financial small business
May 2, 2024
