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Swyft Inc. Acquires Zoom Systems In Japan With Clients NTT And Proactiv

Posted On: 8/30/2016

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TAGS: Gower Smith, Swyft Inc., Zoom Systems, automated retail stores, vending machine, high-tech vending

Gower Smith, Swyft Inc., Zoom Systems
Gower Smith
SAN FRANCISCO-- Swyft Inc. said it has acquired Zoom Systems' business in Japan. Zoom Systems Japan operates automated retail stores for NTT Communications, the world's largest communications company by revenue, and Proactiv, a popular global skincare brand. Financial details and the number of machines acquired were not disclosed.

Swyft, a high-tech vending company started in 2013 by Zoom founder Gower Smith, already had established partnerships in Japan, where it does business as Swyft Japan K.K. It has machines at locations belonging to real estate giant Mitsui Fudosan, retailers Aeon and 7&i Holdings, and English teaching school Ario, as well as at some of Japan's largest airports. Swyft uses Omron for Japanese payment processing and Photo-Me International for nationwide maintenance. Sagawa Express Co., a major transportation firm, fills Swyft's vending machines.

"Japan is the most competitive vending market in the world," Smith said. "Our partners were the key to the successful takeover of the Zoom Systems Japan business with no negative impact to consumers or our brand clients."

Swyft Japan K.K. has appointed Akitoshi Kanoda general manager. He previously held positions at Disney, UPS, Bo Concepts and Zoom Systems.

Gower, who left Zoom Systems in 2011, said that Swyft was able to develop a cloud platform for its vending network in only a few years, compared to Zoom Systems' investment of a decade and "tens of millions of dollars." He added that Swyft plans to leverage its engineering and technical talent, and cloud collaboration with brands, to gain market share in the automated retail industries in the U.S., China and Japan.

Swyft's new machines are called Swyft Stores, while Zoom's operate as Zoom Shops.

In May, Swyft Inc. announced that it had closed $3.5 million in Series A equity financing. | SEE STORY