Malvern-based Cantaloupe Acquires Cheq Lifestyle Technology, Inc.. This strategic investment positions Cantaloupe for expansion into the large and rapidly growing sports, entertainment, and restaurant sectors with a comprehensive suite of self-service solutions.
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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.
Ravi Venkatesan, CEO of Cantaloupe, Inc said, “The acquisition of CHEQ expands Cantaloupe’s addressable market into a new and rapidly growing sector, There is tremendous synergy between both of our product lines and solutions that will grow our footprint across our combined customer base. We are excited to welcome the CHEQ team to the Cantaloupe family.”
Founded in 2021, CHEQ powers 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).
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CHEQ technology increases food and beverage sales, speeds up transaction times and drives new customer traffic and engagement.
Florida Panthers Chief Revenue Officer Shawn Thornton said, “We are thrilled with the success we’ve seen since implementing CHEQ’s solutions at Amerant Bank Arena, CHEQ’s suite of payment options has enhanced the food and beverage experience for our fans and increased our backend operational efficiency.”
Thomas Lapham, CEO of CHEQ said, “We are looking forward to joining Cantaloupe and continuing our mission of delighting guests with a best-in-class on-premise payments experience. Joining forces will allow us to bring their market-leading innovation to our current customer base, and to expand our technology offering through Cantaloupe’s national and international distribution network,”.
About Cantaloupe Inc.
Cantaloupe, Inc. is a global technology leader powering self-service commerce. With over a million active locations, processing more than a billion transactions every year, Cantaloupe is enabling businesses of all sizes to provide self-service experiences for consumers. The company’s vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations.
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About CHEQ
CHEQ is a social payments platform, connecting consumers and businesses to create frictionless in-person experiences. CHEQ’s universal ordering and payment app can be used by any restaurant, café, bar, or stadium to make transactions fun, easy, and worry-free. Users can even send food and drinks directly to their friends from anywhere in the world.
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