Global technology leader to benefit from
adding vending management software to their portfolio
TROY,
Mich., May 6, 2022 /PRNewswire/ -- 365 Retail
Markets ("365"), a leading provider of self-service commerce
technology to the foodservice industry, today announced its
acquisition of Sentry, an Australia-based vending management software
(VMS) company.
Sentry is a complete vending machine and micromarket management
platform that includes a full-featured web application as well as a
driver and inventory management mobile app. Designed to
enhance the capability of vending and micromarket businesses,
Sentry's robust capability will complement 365's existing product
offerings well. Its most notable features include intuitive
planograms and optimized merchandising, routing, market maintenance
and picking systems—all supported by a complete back-office system.
The deal will add value to the company's expanding suite of
consumer-centric solutions.
"Sentry is a perfect fit within our long-term strategy of
turning the data from our vast point of sale fleet into actionable
insights for our global customer base of over 2,000 operators,"
said 365 Retail Markets CEO, Joe
Hessling. "We will continue to invest in VMS and other data
related technologies as the demand for self-service technology
continues to rapidly expand. I would like to thank the
teams at Sentry, 365 and our lead investor Providence Equity for
their assistance in making this transaction a success. We
intend to begin offering a 365 VMS product to the field within the
summer of 2022."
The acquisition empowers Sentry to realize its full potential
while contributing to 365's growth plans and larger product
portfolio. 365 Retail markets will assume full ownership beginning
May 6, 2022, thereby providing Sentry
investors with an exit.
Koley Jessen P.C., L.L.O. acted
as the U.S. legal advisor on the acquisition. The Koley Jessen team
was led by Eric Oxley and
Comran Sharif.
About 365 Retail Markets
365 Retail Markets is the global leader of self-service commerce
technology to the foodservice industry. Founded in 2008, 365
provides a full suite of best-in-class, self-service technologies
for food service operators. including end-to-end integrated SaaS
software, payment processing and point of-sale hardware. Today, the
Company's technology solutions autonomously power food retail
spaces at corporate offices, manufacturing and distribution
facilities, and more, in order to provide compelling foodservice
options for consumers. 365's technology solutions include a growing
suite of frictionless smart-stores, micromarkets, vending,
catering, and dining point-of-sale options to meet the expanding
needs of its customers. 365 continuously pioneers innovation in the
industry with superior technology, strategic partnerships and
ultimate flexibility in customization and branding.
For more information about 365 Retail Markets,
visit www.365retailmarkets.com and connect
on Facebook, Twitter, YouTube, and LinkedIn.
About Sentry Sentry is a leading vending and micro
market management software platform for operators in the Contract
Foodservice industry. Sentry offers a range of software
applications including Sentry VMS, SentrySuppliers, and
SentryMobile which are used by vending and micro market operators
to grow their businesses. Sentry offers a complete solution to
operators seeking a modern, intuitive, and user-friendly platform
to take their business to the next level. With a range of
integrations on the horizon, Sentry is poised to grow from strength
to strength.
For more information about Sentry,
visit https://sentryvend.com.
Media Contacts
365 Retail Markets
Peter
Flesvig
peter.flesvig@365smartshop.com
www.365RetailMarkets.com
Sentry
Simon
Collins
simon@sentryvend.com
+61409414746
https://sentryvend.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/365-retail-markets-acquires-sentry-an-australian-vending-management-software-company-301541898.html
SOURCE 365 Retail Markets, LLC