Cantaloupe Systems Makes San Francisco Business Times 'Bay Area's Top 100 Fastest-Growing Private Companies' for 3rd Year in a Row. PDF Print
Thursday, 27 October 2011 16:00

Threepeat – San Francisco Business Times Lists Cantaloupe Systems In ‘Bay Area’s Top 100 Fastest-Growing Private Companies’ For 3rd Consecutive Year

Vending Optimization Technology Company is Ranked #14 - the Only Vending Industry Company to Make the List

October 28, 2011

SAN FRANCISCO ─ For the third straight year, The San Francisco Business Times has listed Cantaloupe Systems, a pioneer in vending optimization technology, to its list of fastest-growing private companies in the Bay Area. http://www.bizjournals.com/sanfrancisco/fastest-growing-private-companies-2011.html

Cantaloupe Systems qualified for inclusion on this year’s list by generating 373.2 percent year-on-year sales growth of its vending optimization technology. The company’s products and services include Seed remote monitoring and analytics, cashless sales systems and the Cantaloupe Retail Optimization Platform (CROP). Approximately 70,000 U.S. vending machines are now equipped with Cantaloupe Systems vending technology.  

“Growth in the current business climate requires customers to see true value in a company’s offering,” said Mandeep Arora, co-founder and CEO of Cantaloupe Systems. “The vending industry is fighting multiple challenges, and we’re grateful our customers have turned to Cantaloupe Systems to help them meet those challenges and grow their top and bottom lines by reducing costs and providing better merchandising service to their customers.”

The San Francisco Business Times ranks “fastest-growing” local companies on percentage revenue growth from 2008 to 2010. To qualify, companies provide revenue figures for the years 2008, 2009 and 2010, complete a brief online survey and submit financial documentation confirming the company’s net revenue. The San Francisco Business Times partners with PricewaterhouseCoopers to conduct the research and produce the lists. Winners were announced at an awards ceremony on Oct. 27, 2011.

About Cantaloupe Systems
San Francisco-based Cantaloupe Systems, Inc., is the fastest-growing, wireless-enabled vending solutions  provider. The company was founded in 2002 by engineers Mandeep Arora, a second-generation vending professional, and Anant Agrawal to provide automated merchandising and business intelligence technology to the $55 billion global vending industry. Installed in individual vending machines, the Cantaloupe Retail Optimization Platform (CROP)™ applies state of the art business intelligence and analytics to remotely-monitored real-time vending sales data to suggest optimized next-best-step business decisions. The result: vending operators know how to generate the greatest revenue and margin from each machine with optimized service efficiencies and the least operational cost. Operators using CROP and Seed® technologies average $35,000 in annual savings per route, can replenish 80 percent more machines per week and can reduce their carbon footprint by 40 percent through the elimination of unnecessary truck travel and smaller loads per truck.

Cantaloupe Systems is backed by Global Environment Fund of Chevy Chase, MD., and Foundation Capital of Menlo Park, CA.  For more information, please visit http://www.cantaloupesys.com.