Providence Equity Partners-backed 365 Retail Markets to acquire Cantaloupe for $848m.

Providence Equity Partners-backed 365 Retail Markets, an innovator in unattended retail technologies, agreed to acquire Cantaloupe, a global technology company offering end-to-end technology solutions for self-service commerce, for $848m. “A rapid transformation in unattended retail is underway right now as our customers look for more sophisticated ways to grow their business. We look forward to joining with 365 to provide our customers a comprehensive suite of best-in-class solutions spanning payments, telemetry, vertical specific software, kiosk-based marketplaces, and smart retail innovation. Our combination will bolster our joint ability to invest in R&D and expand our portfolios, while allowing us to help retailers across the globe to innovate and scale with confidence,” Ravi Venkatesan, Cantaloupe CEO.