M&A Deal Summary

Cantaloupe Acquires Seed Markets

On February 22, 2018, Cantaloupe acquired internet software and services company Seed Markets from Avanti Markets

Acquisition Highlights
  • This is Cantaloupe’s 3rd transaction in the Internet Software and Services sector.
  • This is Cantaloupe’s 5th transaction in the United States.
  • This is Cantaloupe’s 1st transaction in Washington.

M&A Deal Summary

Date 2018-02-22
Target Seed Markets
Sector Internet Software and Services
Buyer(s) Cantaloupe
Sellers(s) Avanti Markets
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Cantaloupe

Malvern, Pennsylvania, United States

Category Company
Founded 1992
Sector Information Technology
Revenue 269M USD (2024)
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 5 of 7
Sector: Internet Software and Services M&A 3 of 4
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 2
Country: United States M&A 5 of 6
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Cantaloupe Systems

San Francisco, California, United States

Cantaloupe Systems, Inc. is a 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.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 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.

Buy -

Seller(S) 1

SELLER

Avanti Markets

Tukwila, Washington, United States

Category Company
Sector Information Technology
DESCRIPTION

Avanti Markets, Inc. is a platform provides operators with a leading-edge micro-market transaction system that leverages real-time data to help support operational efficiencies. Avanti Markets is based in Tukwila, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 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 -