For the third year running, Inc. Magazine has named Cantaloupe Systems, Inc., one of the “500 Fastest-Growing Private Companies in America” in its annual listing. Cantaloupe Systems was the only vending technology provider on the Top-500 list.
Inc.’s September 2011 issue lists Cantaloupe Systems – the leading provider of wireless-enabled vending optimization monitoring, business intelligence and analytics to the $55 billion global vending industry – Number 331 among the nation’s fastest-growing private companies, with a growth rate of 1,001 percent between 2007 and 2010. The Inc. survey also ranked Cantaloupe Systems 22nd in the “Top Business Products & Services” category.
“We’re proud of this three-peat, proud to be the only vending technology company listed among the top 500 companies, and deeply grateful to our customers for embracing what Cantaloupe Systems brings to the vending industry – cloud-based optimization hardware and software that gives vending operators 21st century tools to improve efficiency, profitability and customer service in a challenging economic environment,” said Mandeep Arora, co-founder and CEO of Cantaloupe Systems in a prepared statement. “We’re growing because our vending operator customers recognize the need to have the same technology at their disposal that’s driving success in all other retail sectors.”
The Inc. 500 is a hallmark of entrepreneurial success where future household names have often made their mark. The list celebrates innovation, hard work, and entrepreneurial leaders as identified by the most important metric of all – customer acceptance and company growth.
The Cantaloupe Retail Optimization Platform (CROP™) is a complete and effective vending optimization platform. CROP harvests data from machines wirelessly throughout the day to drive maximum route and merchandising efficiencies and boost profitability. Applying business intelligence and analytics software to analyze inventory levels, cash in the machine and geographic considerations, CROP generates optimal delivery schedules and pick lists based on real-time, item-level sales data. This information enables warehouse personnel to load customized orders for each machine, giving drivers more time to focus on servicing their routes. CROP reconciles daily cash collection and captures spoilage and inventory variances. SeedSync™, CROP’s customizable integration tool, harmonizes all collected data with existing vending management or other software packages, ensuring company-wide information integrity.