Cantaloupe, Inc. Helps Pee Dee Food Service Upgrade Micro Markets with New Kiosk Technology

Rhea-AI Summary

Pee Dee Food Service, an affiliate of Pepsi of Florence, has officially adopted Cantaloupe Micro Market Solutions, upgrading its 90 micro market kiosks to Cantaloupe technology. Cantaloupe, Inc. has been providing end-to-end technology solutions for self-service commerce and has seen an increase in operators choosing them as a single provider for hardware and software needs.

Insights

Market Research Analyst

The adoption of Cantaloupe's Micro Market Solutions by Pee Dee Food Service represents a strategic move within the self-service commerce sector. Cantaloupe, Inc. has positioned itself as a one-stop-shop for both hardware and software needs, which simplifies the operational process for businesses like Pee Dee. This trend of consolidation in service providers could indicate a shift in market expectations, where operators value integrated solutions that can provide comprehensive data analytics and operational efficiency.

From a market perspective, Cantaloupe's acquisition of Three Square Market and its continued investment in micro market technology signal the company's commitment to growth and innovation in this niche. The ability to offer competitive pricing and no hidden fees could be a differentiator that attracts more businesses to Cantaloupe's platform, potentially increasing its market share. The emphasis on customer support and seamless transition assistance is also indicative of Cantaloupe's strategy to enhance customer loyalty and retention.

As businesses increasingly seek to minimize costs and optimize operations, providers that can offer end-to-end solutions with a focus on technology and customer service are well-positioned to capitalize on this demand. Cantaloupe’s strategy could set a precedent for similar businesses in the industry, affecting how competitors approach market expansion and technology integration.

Financial Analyst

The announcement of Pee Dee Food Service fully transitioning to Cantaloupe's technology platform may have implications for Cantaloupe's financial performance. The complete adoption of Cantaloupe's solutions by a significant regional operator suggests potential for increased revenue streams from service fees, hardware sales and software subscriptions. It is important to monitor Cantaloupe's future earnings reports for any uptick in revenue attributed to such partnerships.

Moreover, the reduction of fees and the one-time investment in technological upgrades could imply a long-term strategy aimed at reducing churn and increasing lifetime customer value. Cantaloupe's ability to secure its customer base and potentially attract new clients through competitive pricing and technological superiority could positively affect its profit margins and shareholder value in the long run.

Investors should consider the scalability of Cantaloupe's business model and the potential for replicating this partnership success with other regional operators. Diversification of Cantaloupe's client base and the ability to penetrate new markets are critical factors that could drive the company's growth trajectory and impact its stock performance.

Technology Industry Analyst

Cantaloupe's role in advancing self-service commerce technology, particularly through its Seed™ vending management system and Cantaloupe Go line of kiosks, underscores the technological evolution within the retail and convenience sectors. The adoption of such advanced systems by Pee Dee Food Service is indicative of a broader industry trend towards digital transformation and the integration of payment systems.

By providing operators with full visibility into sales data and streamlining operations, Cantaloupe is not only enhancing the user experience but also enabling data-driven decision-making. This can lead to more targeted marketing strategies and inventory management, which are essential for competitiveness in today's market.

The technology upgrade and integration also highlight the importance of user-friendly interfaces and reliable hardware in customer service. Cantaloupe's focus on these aspects, coupled with their on-site support and training, reflects an understanding of the critical role that ease of use and reliability play in technology adoption. This approach may serve as a benchmark for other technology providers in the sector.

South Carolina-Based Pee Dee Food Service, an Affiliate of Pepsi of Florence, Officially Adopts Cantaloupe Micro Market Solutions

MALVERN, Pa.--(BUSINESS WIRE)-- Cantaloupe, Inc. (Nasdaq: CTLP), a leading provider of end-to-end technology solutions for self-service commerce, recently celebrated a significant milestone in its partnership with Pee Dee Food Service, an affiliate of Pepsi of Florence. Pee Dee Food Service is a full-line vending, micro market and office coffee service provider servicing a variety of businesses throughout South Carolina. As a long-time customer and active user of Cantaloupe’s Seed™ vending management system, the company recently completed a swap of its 90 micro market kiosks to Cantaloupe technology — bringing the company fully onto the Cantaloupe platform.

Cantaloupe, Inc. helped South Carolina's Pee Dee Food Service, an affiliate of Pepsi of Florence, upgrade its Micro Markets with new kiosk technology, bringing the company fully onto the Cantaloupe platform. (Photo: Business Wire)

“The decision by Pee Dee Food Service to upgrade their micro market locations with our Cantaloupe Go line of kiosks underscores the critical need for advanced, reliable technology solutions in the convenience sector,” noted Jeff Dumbrell, chief revenue officer with Cantaloupe. “This also illustrates how operators want a single provider for their hardware and software needs and is a testament to how our customers see Cantaloupe meeting their evolving needs with innovative technology, superior service and competitive pricing.”

Pee Dee Food Service operates 24 routes with 3,000 food and beverage vending machines and 90 micro markets, alongside office coffee services. As a Cantaloupe customer for the past four years, Pee Dee Food Service wanted to reduce fees, upgrade their kiosks and integrate their payment systems, which Cantaloupe was able to offer.

“The switch was driven by several factors, including the desire to avoid excessive fees and the need for technological upgrades that Cantaloupe was able to easily provide,” noted James Drost, sales manager of Pee Dee Food Service. “Cantaloupe's approach of no hidden fees and their commitment to upgrading our kiosks without extra charges was a game-changer. Additionally, the seamless integration of all our services into one operating system has provided us with full visibility into our sales data, simplifying operations and enhancing our customer service. We were also very happy with the way Cantaloupe walked us through the transition and worked alongside us at each of our markets to support each customer.”

Cantaloupe has been seeing an increase in the number of operators choosing Cantaloupe as their single provider for both hardware and software needs. Part of this move has also been driven by Cantaloupe’s acquisition of Three Square Market in December 2022, which brought in significant gains with micro market operators across the country. Cantaloupe has continued to invest in the micro market category, pushing the envelope of innovation while supporting customers through every step of their journey.

“For our customers, upgrading their locations with our latest card reader and kiosk technology is an easy transition,” noted Dumbrell. “We provide everything operators need to make the shift — including a support team to provide on-site training and onboarding to ensure our operators are proficient in using the hardware and software and help them through the transition.”

To learn more about Cantaloupe’s products and services, visit cantaloupe.com.

About Cantaloupe, Inc.

Cantaloupe, Inc. is a global technology leader 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 fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. Cantaloupe’s end-to-end platform increases consumer engagement and sales revenue through digital payments, consumer promotions and loyalty programs, while providing business owners increased profitability by leveraging software to drive efficiencies across an entire operation. 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. To learn more about Cantaloupe, Inc., visit cantaloupe.com or follow the company on LinkedIn, Twitter, Facebook, Instagram or YouTube.

Cashtag $CTLP

G-CTLP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240327877488/en/

Jenifer Howard | 202-273-4246

jhoward@jhowardpr.com

media@cantaloupe.com

Source: Cantaloupe, Inc.

FAQ

What milestone did Pee Dee Food Service recently celebrate with Cantaloupe, Inc.?

Pee Dee Food Service, an affiliate of Pepsi of Florence, upgraded its 90 micro market kiosks to Cantaloupe technology, bringing the company fully onto the Cantaloupe platform.

What factors drove Pee Dee Food Service to switch to Cantaloupe technology?

The switch was driven by the desire to avoid excessive fees and the need for technological upgrades that Cantaloupe was able to provide, including no hidden fees and commitment to upgrading kiosks without extra charges.

Why did operators choose Cantaloupe as their single provider for hardware and software needs?

Operators chose Cantaloupe due to their innovative technology, superior service, competitive pricing, and the seamless integration of all services into one operating system, providing full visibility into sales data.

What recent acquisition contributed to Cantaloupe's gains with micro market operators?

Cantaloupe's acquisition of Three Square Market in December 2022 brought significant gains with micro market operators across the country, leading to an increase in operators choosing Cantaloupe.

How does Cantaloupe support operators in transitioning to their latest technology?

Cantaloupe provides on-site training and onboarding to ensure operators are proficient in using the hardware and software, helping them through the transition to the latest card reader and kiosk technology.