TOSHIBA TEC, has signed an agreement to invest in Yeahpoint, a self-service company headquartered in Australia.
According to a press release, TOSHIBA TEC and Yeahpoint hope its partnership will help gain market traction, allowing the companies to join forces to become a global leader in self-service solutions.
The deal gives TOSHIBA TEC, headquartered in Singapore, a 12 percent stake in Yeahpoint. With TOSHIBA TEC already owning a high market share in the point of sale market, Yeahpoint's solutions are set to add serious value to their already successful worldwide operations, said Yeahpoint's CEO John Andersen, in the press release.
"We can apply a digital self service solution in any instance where there is a defined process, which just goes to show the industry's incredible potential for growth," he said. "In fact, it is not uncommon for us to implement a software solution that provides a company with 100 percent return on investment within just six months."
Yeahpoint and TOSHIBA TEC will provide multi-platform solutions to a wide range of global markets that integrate tablets, product vending, motion sensors, biometrics and analytics to streamline any process in any application, according to the release.
"Now we have the best self-service technology in the world and are already way ahead of our competitors in this young marketplace," said Takeshi Hiyoshi, TOSHIBA TEC's president and CEO. "Yeahpoint is an extremely driven organization that has had incredible success already and now, by combining both our companies' strengths, we are looking to dominate the global self-service sector."
