MALVERN, PA — Cantaloupe, Inc. (Nasdaq: CTLP) has recently acquired SB Software Limited, a prominent provider of vending and coffee management software solutions in the UK and Ireland. This strategic move aims to bolster Cantaloupe’s operational capabilities and broaden its market access across Europe, setting the stage for further global growth and innovation.
The integration of SB Software’s Vendmanager and Coffeemanager systems with Cantaloupe’s current technologies will create a comprehensive suite of solutions. This merger will offer customers a seamless experience and improved operational efficiencies, featuring advanced real-time data analytics and integrated payment systems, including Cantaloupe’s card readers, now available to European clients.
“We are thrilled to welcome SB Software into our portfolio as we expand our reach across Europe,” stated Ravi Venkatesan, CEO of Cantaloupe, Inc. He emphasized that the acquisition enhances the company’s capabilities and expands its micro market presence while standardizing payment processing solutions across SB Software’s clientele. “With our combined expertise and shared commitment to innovation and excellence, we are uniquely positioned to offer high-quality, localized support and tailored solutions that meet the evolving needs of our customers.”
Founded in 2008, SB Software has built a robust reputation in the UK and Ireland with its specialized vending and coffee management software. The company is renowned for its enterprise-level solutions and has been recognized at the Vendies 2024 for Best Customer Service and Best Ancillary Product or Service.
Simon Black, Managing Director of SB Software, remarked, “This combination of our two companies marks a major milestone in our journey and opens significant new opportunities for growth and innovation. Our commitment to providing high-quality, localized support and tailored solutions will continue as we integrate with Cantaloupe. We believe that joining Cantaloupe will enhance our ability to serve our customers better by leveraging Cantaloupe’s extensive resources and expertise.”
This acquisition aims to expand Cantaloupe’s global footprint and deliver cutting-edge solutions to meet the dynamic needs of the vending and coffee management industry.
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