M&A Deal Summary

Cantaloupe Acquires Cheq

On February 1, 2024, Cantaloupe acquired internet software and services company Cheq

Acquisition Highlights
  • This is Cantaloupe’s 4th transaction in the Internet Software and Services sector.
  • This is Cantaloupe’s 6th transaction in the United States.
  • This is Cantaloupe’s 2nd transaction in Washington.

M&A Deal Summary
Date 2024-02-01
Target Cheq
Sector Internet Software and Services
Buyer(s) Cantaloupe
Deal Type Add-on Acquisition

Target

Cheq

Kirkland, Washington, United States
Cheq is a social payments platform, connecting consumers and businesses to create frictionless in-person experiences. CHEQ's universal ordering and payment app can be used by any restaurant, café, bar, or stadium to make transactions fun, easy, and worry-free. Users can even send food and drinks directly to their friends from anywhere in the world. Cheq was founded in 2021 and is based in Kirkland, Washington.

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Buyer(S) 1

Buyer

Cantaloupe

Malvern, Pennsylvania, United States
Category Company
Founded 1992
Sector Information Technology
Employees300
Revenue 244M USD (2023)
DESCRIPTION

Cantaloupe is an all-in-one enterprise platform that helps businesses like streamline processes, automate decisions, and delight customers. It delivers an operational and payments platform for unattended retail that is quick to implement, easy to integrate, flexible to operate and provides valuable, real-time customer insights and rapid ROI. Cantaloupe was founded in 1992 and is based in Malvern, Pennsylvania.

DEAL STATS #
Overall 6 of 7
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (Washington) 2 of 2
Country (United States) 6 of 6
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-22 Seed Markets

Tukwila, Washington, United States

Seed Markets is a developer of cloud and mobile solution to enable efficient micro market management, alongside proven vending and OCS solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 SB Software

Sheffield , United Kingdom

SB Software is a provider of vending and coffee management software solutions in the UK and Ireland. SB Software was founded in 2008 and is based in Sheffield, United Kingdom.

Buy -
Mergr

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