Wednesday, April 2, 2025

GLORY to acquire Flooid, a leading provider of Cloud-based Retail POS solutions

Related stories

Hacking the Hackers: How GenAI is Predicting and Preventing Cyber Attacks

In the high-stakes arena of cybersecurity, the rules of...

Veltris Acquires BPK to Boost AI & Digital in Healthcare

Veltris, a digital product engineering services provider backed by...

Accenture & Schaeffler Advance Industrial Humanoid Robots

Accenture has joined forces with Schaeffler AG to reshape...

EDGNEX Data Centers partners with Hyperco

The acquisition is expected to further strengthen the expansion...

Chef Robotics Raises $43M Series A to Scale AI Robotics

Chef Robotics, a leader in AI-powered robotic systems for...
spot_imgspot_img

Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of GLORY Ltd. announces plans to acquire 100% of the issued share capital of Flooid, a leader in cloud-based unified commerce software to the retail industry, from Inflexion Private Equity Partners

Headquartered in Coventry, UK with operations in the USA, Flooid focusses on helping retailers deliver seamless experiences across all customer touchpoints with a powerful cloud-native, hardware-agnostic, unified commerce platform. Driving traditional point of sale, self-checkout, mobile POS, self-order and pay kiosks and convertible lane from a single platform, Flooid’s software handles pricing, payment, receipts, taxation, promotions, coupons, orders, deliveries, and more, regardless of store format or segment.

Recognized by industry analyst IDC as a “Major Player”1., Flooid has existing clients across Europe, North America and South Africa including M&S, John Lewis Partnership, Walgreens, Hudson News, Pick’n’Pay and Woolworths.

Also Read: Hinduja Global Solutions: New Research Shows Customer Experience Decision Makers Betting Big on Artificial Intelligence

Speaking about the acquisition Akihiro Harada, Chairman and Chief Executive Officer at Glory Global Solutions said, “The acquisition of Flooid will be a significant strategic step for Glory. Their core value proposition for retailers around enhancing operational efficiency, reducing cost, delivering a seamless customer experience and having a positive environmental effect are in lock-step with those of Glory’s existing solutions. The addition of Flooid will build not just on our present retail solutions portfolio, it will expand our annuity revenue streams driven by their software as a service business model.”

Motozumi Miwa, President of GLORY LTD. said, “The investment to acquire Flooid is another step in the execution of Glory’s Long-Term Vision and is directly aligned with the company’s diversification beyond cash and growth strategy. Glory’s global presence and existing relationships with major retailers around the world will help open up new markets for the Flooid solution and power the next phase of growth for both companies.”

Diane Palmquist, CEO of Flooid commented. “Joining Glory will be an exciting step in our journey to reach more retailers with our unified commerce platform. Becoming part of a large global ecosystem extends the reach of our solutions into new markets and Glory brings us new solutions to offer those retailers.”

SOURCE: Businesswire

Subscribe

- Never miss a story with notifications


    Latest stories

    spot_img