News in Brief

Glory Invests in Retail Software

Cash automation solutions provider Glory Global Solutions (GGS) has announced plans to acquire 100% of the issued share capital of UK-based Flooid, provider of cloud-based unified commerce software to the retail industry, from Inflexion Private Equity Partners.

Flooid’s offering is described as a powerful cloud-native, hardware-agnostic, unified commerce platform. It drives traditional point of sale, self-checkout, mobile POS, self-order and pay kiosks from a single platform, handling pricing, payment, receipts, taxation, promotions, coupons, orders and deliveries, regardless of store format or segment.

Commenting on the proposed purchase, which is subject to shareholder approval, Akihiro Harada, GGS Chairman and CEO, 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.’