365 Retail Markets Acquires Sentry, an Australian Retail Management Software Company
TROY, Mich. — 365 retail markets (“365”), a leading provider of self-service commerce technology to the foodservice industry, today announced that it has acquired Sentry, an Australian vending machine management software (VMS) company ).
Sentry is a complete vending machine and micro-market management platform that includes a full web application as well as a mobile driver and inventory management application. Designed to enhance the capability of vending machines and micro-markets, Sentry’s robust capability will complement 365’s existing product offerings well. Its standout features include intuitive planograms and optimized systems for merchandising, routing, market maintenance and order preparation, all supported by a complete back-office system. The agreement will add value to the company’s growing line of consumer-centric solutions.
“Sentry fits perfectly with our long-term strategy of turning data from our vast POS fleet into actionable insights for our global customer base of more than 2,000 operators,” said Joe Hessling, CEO of 365 Retail Markets. . “We will continue to invest in VMS and other data-related technologies as the demand for self-service technology continues to grow rapidly. I would like to thank the teams at Sentry, 365 and our lead investor Providence Equity for their help in making this transaction a success. We intend to begin offering a 365 VMS product in the field during the summer of 2022.”
The acquisition allows Sentry to realize its full potential while contributing to 365’s growth plans and broader product portfolio. 365 Retail Markets will assume full ownership effective May 6, 2022, providing an exit for Sentry investors.
Koley Jessen PC, LLO acted as US counsel for the acquisition. Koley Jessen’s team was led by Eric Oxley and Comran Sharif.
About 365 retail markets
365 Retail Markets is the global leader in self-service commerce technology for the restaurant industry. Founded in 2008, 365 offers a full suite of industry-leading self-service technologies for foodservice operators. including end-to-end integrated SaaS software, payment processing and point-of-sale hardware. Today, the company’s technology solutions autonomously power food retail spaces in corporate offices, manufacturing and distribution facilities, and more to provide dining options attractive to consumers. 365’s technology solutions include a growing suite of frictionless smart stores, micro-markets, vending machines, catering and point-of-sale options to meet the growing needs of its customers. 365 continuously pioneers industry innovation with superior technology, strategic partnerships, and ultimate flexibility in customization and branding.
About Sentry Sentry is a leading vending machine and micro-market management software platform for contract catering operators. Sentry offers a range of software applications, including Sentry VMS, SentrySuppliers and SentryMobile, which are used by vending machine and micro-market operators to grow their business. Sentry offers a complete solution for operators looking for a modern, intuitive and user-friendly platform to take their business to the next level. With a range of integrations on the horizon, Sentry is poised to grow bigger and bigger.
For more information about Sentry, visit https://sentryvend.com.