Cantaloupe Celebrates 30 Years of Innovation in Autonomous Retail

About this update from Cantaloupe, Inc.

[{"type":"text","content":"\n2021 Marks A Year of Innovation with Next-Generation Technology, Payment Methods and Research on Future of Autonomous Retail\n\n MALVERN, Pa.--(BUSINESS WIRE)--\nCantaloupe Inc., (Nasdaq: CTLP), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, announced the celebration of 30 years of innovation, collaboration with leading technology partners and research insights into the future of autonomous retail.\n\n“Thirty years ago, we changed the face of unattended retail by offering vending machine operators the first cashless card readers, ushering in the era of self-service vending,” said Sean Feeney, CEO of Cantaloupe. “Innovation continues to be the foundation of Cantaloupe. From connecting mobile wallets with next-generation loyalty programs, including crypto payment acceptance, to touchscreen points-of-sale, and integration of machine learning, we continue to optimize and streamline operations for our customers in the global marketplace.\n\nCantaloupe, which rebranded from USA Technologies in 2021, has continued to grow its connections, client base, and revenue. The company reported more than 1.1 million active points of sale connected to its platform at the end of the fiscal first quarter of 2022 (reported in November 2021), and nearly 21 thousand active customers during the same period. This represents a 17 percent growth over the previous year. Further, the company delivered revenues in the first quarter of $45.8 million, an increase of 24.1% year over year, for that quarter.\n\nAdditional 2021 Milestone include:\n\nNew Artificial Intelligence Integration Enhances Intelligence, Operations and Revenue:\n\nCantaloupe enhanced its Seed™ platform with HIVERY Enhance™, providing customers with intelligent solutions driven by leveraging Artificial Intelligence and advanced analytical methods. Powerful new product recommendations and targeted space-to-sales optimization tap HIVERY’s proprietary algorithms to boost Cantaloupe operators’ top-line revenue and improve operational efficiencies. This will empower operators to react to the way consumers shop and drive increased sales.\n\nInnovating Payments Acceptance, from Cryptocurrency to Mobile Wallets and Apps:\n\nThrough a partnership with digital asset platform Bakkt, Cantaloupe announced it will allow cr...

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