Netflix Cofounder Mitch Lowe Joins Cantaloupe Systems' Board Of Directors

Posted On: 4/20/2015

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TAGS: vending technology, vending machine, Mitch Lowe, Netflix, Redbox, Cantaloupe Systems, Outerwall, Mandeep Arora

Mitch Lowe, vending
Mitch Lowe
SAN FRANCISCO -- Mitch Lowe, cofounder of Netflix and former Redbox chief operating officer and president, has joined Cantaloupe Systems' board of directors. He will assist the vending tech firm on strategy development and strategic alliances.

After starting Video Droid, Lowe helped form Netflix in partnership with Marc Randolph and Reed Hastings. He served as vice-president of business development and strategic alliances for Netflix from 1998 to 2003, departing just after the IPO to join a small team from McDonald's to form what became Redbox DVD Rental Kiosks, a subsidiary of Outerwall (Coinstar at the time).

At Redbox, Lowe began as chief operating officer, becoming president in early 2009, and playing a pivotal role in scaling Redbox from a handful of rental kiosks to nearly $1.5 billion in annual revenue. Since leaving Redbox in late 2011, he has served as an independent consultant for entrepreneurs and startups.

"Mitch launched the first kiosk VHS vending machine in 1984 and has been an innovative leader in the home entertainment and tech industries since the early 80s," said Cantaloupe chief executive Mandeep Arora. "His deep knowledge of penetrating new markets and unattended retail is perfectly aligned with our mission."

Lowe credited Cantaloupe for being first to market in the vending industry with telemetry, cellular and mobile devices, cloud technology, real-time pre-kitting and dynamic scheduling.

"I'm excited to be a strategic advisor as they explore applying their smarter vending technologies to new markets, and continue to improve and modernize the vending industry from a technology perspective," Lowe said.