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GLORY to Acquire Flooid

GLORY will acquire Flooid from Inflexion Private Equity Partners, a pioneer in cloud-based unified commerce software for the retail sector.

GLORY will acquire Flooid from Inflexion Private Equity Partners, a pioneer in cloud-based unified commerce software for the retail sector.

Flooid, a Coventry, UK-based company with operations in the USA, specialises in helping retailers to deliver smooth customer experiences at every point of contact by providing a robust cloud-native, hardware-neutral unified commerce platform.

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Regardless of store structure or segment, Flooid’s software manages pricing, payment, receipts, taxation, promotions, coupons, orders, deliveries, and more. It also powers self-checkout, mobile POS, self-order and pay kiosks, and convertible lanes all from a single platform.

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.”

The completion of the share acquisition agreement and the approval of Flooid’s shareholders are conditions to the acquisition.

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About GLORY

GLORY is a leader in the world of cash technology solutions, they give the gaming, retail, QSR, financial, and cash centre industries peace of mind knowing that their money is safe and constantly contributing to the growth of their respective companies.

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About Flooid

Flooid assists merchants in delivering the flawless shopping encounters that customers expect. With the help of Flooid’s unified commerce platform, retailers can reach customers wherever they are and through any channel of their choice with flexible and consistent sales.

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