Cantaloupe, a provider of end-to-end technology solutions for self-service commerce, completed the acquisition of Cheq Lifestyle Technology, a provider of solutions that leverage mobile ordering, socially connected payments, real-time reporting, and remote support to streamline venue operations, increase efficiency, and boost revenue.
This strategic investment positions Cantaloupe for expansion into the sports, entertainment, and restaurant sectors with a comprehensive suite of self-service solutions.
The acquisition:
- Expands Cantaloupe’s addressable market into solutions for sport stadiums, entertainment venues, festivals, hospitality, theme parks, full-service & fast-casual restaurants and more.
- Provides a comprehensive line of offerings including:
- Enterprise-grade POS platform: real-time reporting, remote support, and back-end analytics for high-volume venues and complex transactions.
- Omnichannel Solution: mobile payments (native app, QR codes, NFC, in-seat delivery, pick up with live wait times), POS kiosks and handheld devices.
- Socially Connected: enables real-time gifting and fosters a sense of community, enhancing fan engagement.
- Team and Venue Customizations: including key integrations with leading loyalty and team mobile applications.
Founded in 2021 and led by Thomas Lapham, CEO, 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). By leveraging mobile ordering, socially connected payments, real-time reporting, and remote support, the company empowers customers to streamline venue operations, increase efficiency, and boost revenue.
Led by Ravi Venkatesan, CEO, Cantaloupe is a global technology company 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 include micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. Cantaloupe’s solutions are used by a variety of consumer services in the U.S., Europe, and Australia including vending machines, micro markets and smart retail, EV charging stations, laundromats, metered parking terminals, amusement and entertainment venues, IoT services and more.