Machine-to-Machine (M2M) Industry Veteran Joins Cantaloupe Systems to Explore New Markets and Distribution Channels
San Francisco, CA – May 20, 2015 – Cantaloupe Systems, the vending industry’s premier provider of cloud-based, mobile technologies that deliver an integrated end-to-end vending solution, announced today that Mike Marett, a former COO and Division President of a leading provider of M2M solutions, has joined their executive team as Senior Vice President, Business Development, effective immediately. Mr. Marett brings more than 25 years of industry experience to Cantaloupe where he will focus on new business opportunities and partnerships leveraging Cantaloupe’s award-winning and innovative vending technology.
“Cantaloupe has clearly established itself as a leader in the automated vending space,” commented Mr. Marett. “Its cloud-based, mobile technologies, superior platform and top-rated customer service is readily adaptable to the very exciting unattended retail market that we see emerging today. Cantaloupe has been at the forefront of innovating modern solutions that leverage IoT and M2M technologies for vending for some time now and is in a position to do so in new markets, as well.”
The burgeoning Internet of Things (IoT) market is expected to reach about $7.1 trillion by 2020 and connect roughly 26 billion devices to the web, according to the Worldwide and Regional Internet of Things (IoT) 2014-2020 Forecast: A Virtuous Circle of Proven Value and Demand. Leveraging the IoT and M2M technologies, Cantaloupe has already connected more than 150,000 machines allowing operators to accept cashless payments, automate maintenance, provide smarter inventories, deliver better merchandising, and gain greater route efficiencies and expects continued growth in this area.
“We couldn’t be happier to have Mike join the team. His broad experience across operations, sales and business development as well as his background in the IoT and Analytics space will be invaluable as we begin to explore new markets in which to grow and expand our innovative vending solutions,” said Mandeep Arora, CEO and Co-founder, Cantaloupe Systems.
About Cantaloupe Systems
Cantaloupe Systems is the vending industry’s premier provider of cloud-based, mobile technologies that deliver an integrated end-to-end vending retail solution for cashless vending, dynamic route scheduling, automated pre-kitting and merchandising and inventory management…all accessible by any mobile device. With a combined 100+ years vending experience, Cantaloupe Systems’ expert consultation team can help vending operators modernize their vending business resulting in increased revenue, greater route efficiencies and streamlined back office administration. Hundreds of customers, with hundreds of thousands machines connected, rely on Cantaloupe Systems’ innovative solutions to give them full control and visibility over their operations, their inventory and their people so they can more proactively, predictably and competitively run their business. Learn more about smarter vending at cantaloupesys.com.
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