Cantaloupe Systems recognized by Inc. Magazine’s as one of the 500 Fastest Growing Private Companies in America
Berkeley, CA — September 2008
Cantaloupe Systems, Inc., the leading provider of real-time machine monitoring and management solutions to the vending industry, has been recognized as one of the 500 fastest growing private companies in America. In its September 1st, 2008 edition, Inc. Magazine reported that its survey of private company revenue from 2004 to 2007 revealed that Cantaloupe Systems had a growth rate of 822%, placing it 361st among the nation’s fastest growing private companies. The survey also showed that Cantaloupe ranked 44th in the top 100 Business Service Companies and 16th in the top 100 Businesses in the San Francisco-Oakland-Fremont, CA region.
“While our growth is a reward in itself it is gratifying to be recognized in this fashion. We thank Inc. Magazine and more importantly, our customers, for enabling our growth over the last five years.” said Mandeep Arora, co-founder and CEO of Cantaloupe Systems. “Our growth is a testament to the strength of our technology and services, and most importantly the people behind them. I personally congratulate every member of the Cantaloupe team.”
The Seed® solution is an automated route and merchandising management tool for vending operations that gathers data from machines wirelessly throughout the day to drive maximum route efficiencies. By analyzing inventory levels, cash in the machine and geographic considerations, Seed® automatically generates optimal delivery schedules and pick lists based on real-time, item level sales data. With this information, orders are loaded by warehouse personnel for each machine, providing drivers with more time to focus on servicing their routes. The Seed® solution also reconciles daily cash collection and has tools to capture spoilage and inventory variances. Finally, SeedSync, a customizable integration tool, integrates all collected data with existing vending management or other software packages, ensuring company-wide information integrity.
Cantaloupe also offers consulting services to help its customers make the business process changes to take advantage of all the intelligence that Seed® has to offer. “Seed radically transforms the way vending companies are run, enabling them to capture lost sales and reduce operating expenses all while reducing fuel usage and their carbon footprint” said Mr. Arora. “Our consultants rely on their knowledge of Seed in addition to years of vending experience, to help our customers make the transition from utilizing historical data and guesswork, to making decisions based on what is happening at the machine in real-time.”
About Cantaloupe Systems
Cantaloupe Systems of Berkeley, California is a provider of wireless technical services for the vending industry. Its unique system of remote monitoring, known as Seed®, connects operators and their vending machines with real-time sales information and malfunction alerts. The system helps operators reduce costs through routing efficiencies and increase revenue by reducing machine down time and insuring product availability. Seed®’s cutting edge technology allows vending operators to offer their customers web based access to their on-site machines providing the operators with a significant competitive advantage.