Investment for Yeahpoint

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Established in Australia in 2003, Yeahpoint has provided a wide range of self-service solutions to organisations around the globe with a European office recently established.

 
The company is a global supplier of digital point of sale marketing software and has developed solutions across a wide number of industries using the yeahWARE CORE9 software that can run on multiple platforms such as traditional kiosks, deli scales, Android devices, iPhone and Windows Mobile.
 
 
Now Toshiba Tec has signed an agreement to make an investment into the company. The purpose of the investment is to gain serious market traction by combining the size and market strength of Toshiba Tec with the agility and expertise of Yeahpoint, to create a new global presence in theimplementation of self-service solutions.
 
 
The partnership, the result of lengthy negotiations, was made on April 1 2011 and sees Toshiba Tec buy a 12% stake in Yeahpoint.
 
 
With the digital self-service market tipped to boom over the next five years, this new deal positions the partnership strongly as key players in what is one of the fastest growing areas for many sectors including retail, financial services, government and health to name a few.
 
 
According to Yeahpoint Chief Executive Officer John Anderson, “We can apply a digital self service solution in any instance where there is a defined process, which just goes to show the industry’s incredible potential for growth,” he said. “In fact, it is not uncommon for us to implement a software solution that provides a company with 100 percent return on investment within just six months.”
 
 
The two companies will be providing multi-platform solutions to a wide range of global markets that integrate and add to the consumer experience utilising tablets, product vending, motion sensors, biometrics and analytics to streamline any process in any application.
 
 
Toshiba Tec Singapore’s President and Chief Executive Officer Takeshi Hiyoshi believes that the deal has the ability to not only change the global interactive self service landscape, but shift the balance of power between global technology heavyweights.
 
 
“Now we have the best self-service technology in the world and are already way ahead of our competitors in this young marketplace,” said Mr Hiyoshi. “Yeahpoint is an extremely driven organisation that has had incredible success already and now, by combining both our companies’ strengths, we are looking to dominate the global self-service sector.”