Image: Cantaloupe Inc.
Cantaloupe Inc., a provider of end-to-end technology solutions for self-service commerce, has acquired Cheq Lifestyle Technology Inc. for an undisclosed sum, according to a press release. This investment positions Cantaloupe for expansion into the sports, entertainment and restaurant sectors.
By leveraging mobile ordering, socially connected payments, real-time reporting and remote support, Cheq empowers customers to streamline venue operations, increase efficiency and boost revenue.
“There is tremendous synergy between both of our product lines and solutions that will grow our footprint across our combined customer base,” Ravi Venkatesan, CEO of Cantaloupe Inc., said in the press release. “We are excited to welcome the Cheq team to the Cantaloupe family.”
Cheq provides payments for numerous professional sports teams, entertainment venues and festival operators including the Washington Commanders (NFL), Florida Panthers (NHL), Philadelphia Union (MLS), Miami Marlins (MLB), CFG Bank Arena in Baltimore (Oak View Group) and Loud & Live (Festivals).
Highlights of the acquisition include:
- An enterprise-grade POS platform offering real-time reporting, remote support and back-end analytics.
- An omnichannel solution including mobile payments (native app, QR codes, NFC, in-seat delivery, pick up with live wait times), POS kiosks and handheld devices.
- Enablement of real-time gifting.
- Team and venue customizations including integrations with loyalty and team mobile applications.
