Loop Insights Approved for Oracle Partner Network
Loop Insights has joined the Oracle Partner Network, enhancing its presence in the POS market. This partnership allows Loop to connect with Oracle's extensive retail client base, facilitating access to real-time data and cloud solutions. Oracle represents 12% of the global POS market, with forecasts predicting the POS terminal market to grow from US$68.20 Bn in 2019 to US$149.35 Bn by 2028. CEO Rob Anson anticipates that this integration will significantly boost Loop's client base and collaborations.
- Partnership with Oracle enhances visibility and market reach.
- Access to Oracle's extensive retail client base opens new business opportunities.
- Predicted growth in the POS market supports potential revenue increases.
- None.
Company anticipates increased growth as a result of this acceptance by the 2nd largest POS system and cloud reporting company globally
VANCOUVER, British Columbia, April 22, 2021 (GLOBE NEWSWIRE) -- Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”)— a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement and automated venue tracing to the brick and mortar space, announced that it has joined the Oracle Partner Network (“OPN”) initiating a relationship with a leading provider of POS systems and cloud reporting. This is a key relationship in Loop’s overall channel strategy, as these kinds of integrations extend our reach, allow us to work with retailers by connecting them to the cloud, and they drive high margins and faster time to market as no hardware is required.
Oracle is the second-largest POS provider in the world, representing
The POS terminals market overall is experiencing huge growth with a recent Researchandmarkets.com report predicting that the market will grow from US
This entry into the OPN marks the next step in Loop’s progression of POS integrations as the company continues to move towards the integration of all major POS systems. Being part of OPN will help get Loop in front of major brands and retailers in the Oracle network, which includes international chains like Gap and Burger King, and offers Loop a unique networking and business development opportunity.
Loop Insights CEO, Rob Anson stated: “Loop’s prominence and capabilities in the POS market are set to increase exponentially thanks to our acceptance into the OPN. As a result, we expect to see continued advances in both our client base and collaborations. This agreement offers us a great opportunity to leverage the Oracle brand and benefit from their resources and position as an industry leader. This further extends our POS market reach through channels, having reached agreements with Vend, Shopify, VenueNext, and now Oracle.”
The OPN is customer-focused and centers on the transition to cloud-based data and insights which perfectly aligns with Loop’s mission to provide customers with an end-to-end insights platform bridging the gap between on-premise and online. The Company anticipates that this relationship will initiate many new conversations with Oracle’s extensive portfolio of clients and collaborators, similar to what has been seen through other successful relationships such as becoming part of Amazon’s Preferred Partner Network and the partnership with Vend.
This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management. https://agoracom.com/ir/LoopInsights.
About OPN: Modern Oracle Partner Network is designed to add value to customers by enabling Oracle partners to leverage Oracle Cloud and other Oracle offerings to drive innovation, broaden the breadth and depth of market reach and to accelerate business growth. Through collaboration and integration with Oracle technology partners can reduce risk, reduce cost and deliver successful outcomes through digital transformation.
OPN empowers partners with the tools and resources needed to continuously develop expertise and competencies to benefit mutual customers.
About Loop Insights: is a Vancouver-based technology company that provides transformative artificial intelligence (AI) solutions to level the playing field between brick and mortar retailers and their online competition. Particularly, Loop’s technology aggregates online and on-premise data to enable real-time, data-driven marketing decisions for an enhanced customer experience. To close the consumer loop, the Company provides retailers and brands complete, real-time redemption metrics—something that does not exist in the brick and mortar environment today. Loop’s products integrate with clients’ existing legacy systems, which supports a seamless and convenient digital transformation.
| Loop Insights Inc. | LOOP Website: www.loopinsights.ai |
| Rob Anson, CEO | Facebook: @ LoopInsights |
| T: +1 877-754-5336 Ext. 4 | Twitter: @ LoopInsights |
| E: ir@loopinsights.ai | LinkedIn: @ LoopInsights |
FAQ
What does the partnership with Oracle mean for Loop Insights?
What percentage of the global POS market does Oracle hold?
What growth is expected in the POS terminal market?
