365 Retail Markets completes acquisition of Cantaloupe

▤ Summary

365 Retail Markets has completed the acquisition of Cantaloupe, combining Cantaloupe’s payments, telemetry and global device network with 365’s self-checkout, smart store and software systems. The combined platform will expand reach across vending, foodservice and other unattended retail channels and target new venues such as entertainment sites, hotels and transit locations. 365 expects to onboard nearly 40,000 Cantaloupe customers and has added executives Scott Stewart and Jeffrey Dumbrell to its leadership team. Providence Equity Partners backs 365 and says the deal creates scale and diversification in an unattended retail market the statement values at $86bn.

▦ Linked Companies

365 Retail Markets

$50M to $100M

Cantaloupe, Inc.

$10M to $25M