USAT Customers Quick To Adopt Newly Acquired Seed Pro And Seed Office Services

Posted On: 12/14/2017

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MALVERN, PA -- USA Technologies Inc. said three companies have already signed agreements to adopt the performance-optimization elements of the end-to-end Seed Pro and Seed Office enterprise services that it recently acquired from Cantaloupe Systems Inc.

Canteen franchisees Southern Vending (Ardmore, OK) and RDS Vending LLC (Norristown, PA) and Miami Vending Machines (Miami, FL), have signed agreements to add USAT's newly acquired Seed Office VMS and Seed Pro analytics software into their existing USAT cashless payment services.

USAT completed the acquisition of Cantaloupe Systems, including its Seed Office and Seed Pro services on Nov. 9, adding logistics, dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management to its existing portfolio of cashless payment, loyalty and consumer engagement services. The combined portfolio is designed to provide an enterprise system for self-service unattended retail businesses like vending.

USAT believes that the customer response to its new, combined offering validates the synergies between Cantaloupe Systems and USAT, and demonstrates the enhanced value that the combined platform brings to existing customers looking to increase efficiencies and leverage their current relationship with USAT as a one-stop service provider.

"We have seen an immediate, positive response to the newly acquired services, and have been working diligently with customers to educate them on the availability of Seed Pro and Seed Office and what the expanded USAT portfolio means for them," said USAT chief services officer Michael K. Lawlor. "We believe these initial commitments to layer the Seed Pro and Seed Office software onto existing USAT connections represent the tip of the iceberg, with more customers anticipated to come on board later this month."

USA Technologies recently reported a 37% increase in net new connections and a 19% year-over-year increase in revenue, marking the 32nd consecutive quarter of growth for the company.