Toshiba Tec has bought a 12 per cent state in Australian digital self service provider, Yeahpoint.
Toshiba Tec is the digital product business of Toshiba Group. The deal was finalised last week at the vendor’s Singapore office.
Yeahpoint has been in business since 2003 specialising in self service, kiosk and digital signage solutions.
It developed the award-winning yeahWare Core 9 platform for rapid deployment of self service retail networks.
Self-service has become a boom market with many major retailers adopting checkout counters which allow customers to serve themselves.
Product vending machines that dispense goods such as DVDs are also becoming increasingly popular.
The deal was motivated by this trend.
Through the partnership, both parties will be providing multi-platform solutions to enhance consumer self service experience using tablets, motion censors, biometrics and analytic applications.
“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,” Yeahpoint CEO, John Anderson, said.
Toshiba Tec anticipates this partnership will lead to further market share gains in the global self service sector.