Nayax, provider of cashless, telemetry and management solutions for the unattended payments industry, has acquired VendSys, a developer of cloud-based vending management software, with the aim of strengthening its US presence in the vending and unattended retail market.
VendSys has over 150 vending customers primarily located throughout the US, ranging in size from 5 to 15, 000 vending machines. 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,” commented 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,” added Nayax CEO Yair Nechmad. “This acquisition strengthens Nayax’s standing in the vending industry, and solidifies its technology leadership position.”