The Cantaloupe keeps growing, from a rebrand to multiple acquisitions in just a few years.
Most recently, the Malvern-based digital payments and software company acquired Three Square Market (32M) in a $41 million deal announced this week. The goal is to accelerate its market presence in Europe and become a global market leader for cell service commerce.
CEO Ravi Venkatesan told Technical.ly the company was previously known as USA Technologies until in 2017, it acquired the then-Bay Area-based Cantaloupe in a move to strengthen itself in the “unattended retail market.” The company handles digital transactions for technology like parking meters and vending machines, and uses Internet of Things technology, cloud technology and its Seed Markets software to keep stock of retail sales and other transactions.
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