Nayax makes strategic acquisition to strengthen US presence in the vending and unattended retail market.
Nayax, a global leader in cashless, telemetry and management solutions for the unattended payments industry, has acquired VendSys, a developer of cloud- based vending management software. VendSys has over 150 vending customers primarily located throughout the US, ranging in size from 5 to 15,000 vending machines. The VendSys software offers “Full Line” business solutions to meet customer needs at all levels, including demand forecasting, supply chain logistics, inventory management, and equipment maintenance processes. The acquisition underscores Nayax’s plans to strengthen its US presence and deliver a comprehensive, cost-effective solution, while providing more robust value-added services to the Company’s global customer base.
Nayax’s 360° solution for cashless payments and telemetry devices incorporates an array of leading technologies, such as EMV certified credit card readers, LTE cellular technology and touch screens for a variety of applications. Payment options include credit/debit cards, Apple Pay, Google Wallet, PayPal, and Nayax’s proprietary Monyx Wallet app. Complementing existing sophisticated Nayax device and alarm management software, the acquisition of VendSys positions Nayax to deliver business management solutions to vending and unattended retail operators on a large scale both in the US and internationally.
“VendSys is excited about this new milestone for our company”, says VendSys President John Davies. “Nayax has the most up to date hardware and payments service platform around the world for cashless unattended retail payment solutions. They perfectly complement our software for the VendSys customer base. Moreover, it opens up several international markets for VendSys. There is a tremendous synergy to be gained between our two companies and it will enable us to quickly offer fully integrated best in class end-to-end solutions.
“Incorporating the VendSys software solution into the Nayax line of services provides a comprehensive set of business tools for our customers to grow and manage their businesses,” says Nayax CEO Mr. Yair Nechmad. “This acquisition strengthens Nayax’s standing in the vending industry, and solidifies its technology leadership position.”
For more information, contact Nayax at info@nayax.com.
About VendSys
VendSys offers a complete “Full Line” VMS, integrating software, handheld data capture devices, telemetry devices and 3rd party solutions to over 150 US vending machine operators.
About Nayax
Nayax is a leading cashless, telemetry, and management solutions provider for the unattended payment device industry. Established in 2005, Nayax has over 100,000 devices installed worldwide, operating in more than 45 countries.
