365 Retail Markets Acquires AirVend

Feb. 4, 2015

Troy, MI – February 3, 2015 – 365 Retail Markets has announced that it is celebrating the addition of AirVend into its family of products. “As of yesterday, we formally acquired the company and are taking steps to merge our teams, our products and our operations, to the betterment of both of our customer bases,” Erin Calkins, product specialist at 365 Retail Markets told VendingMarketWatch.com.

The announcement stated that 365 and AirVend have partnered together in the past to bring innovative solutions into the vending market and are looking forward to continuing their foodservice technology development under one roof.

AirVend, founded in 2012, is a vending technology company based in Provo, Utah.  AirVend designs, develops, and distributes interactive touchscreen devices that can be retrofitted to nearly any vending machine. AirVend’s AV5 and AV7 units provide operators with a cashless payment solution, machine telemetry, inventory tracking, and the ability to wirelessly load and display promotional materials.  The progressive technology allows for not only credit card payments, but also mobile payments using Near Field Communication (NFC), a growing trend in the industry.  Additionally, AirVend units have the capability to display nutritional information, a feature that is especially significant given the new legislation governing the vending industry.

Offering AirVend alongside the current line of products will allow 365 to continue to drive technology change and growth in the industry and provide operators a more comprehensive suite of products.  As the two businesses grow together, development teams from both organizations will be working to integrate both platforms. 

“The 365/AirVend partnership has always been a very natural one for both companies” said 365 Retail Markets chief executive Joe Hessling.  “As we take this next step, there will be little to stand in the way of what this industry has been begging for, a seamless connection for inventory, reporting, payment, promotion, and consumer engagement.”

About 365 Retail Markets

365 Retail Markets is a fast growing vending, foodservice and MicroMarket technology provider based in Troy, Michigan. Their best-in-class self-checkout and vending payment systems have been adopted by many of the leaders in the industry. Its proprietary, 365 MicroMarket, is a turnkey unmanned market that allows customers to increase sales, improve the customer experience, and increase profits, while decreasing operating costs. 365 Retail Markets has been pioneering innovation in the vending industry for over five years and continues to revolutionize the market with superior technology and ultimate flexibility in customization and branding.