Growing Roster of USA Technologies Customers Add Newly Acquired Logistics and Enterprise Software

USA Technologies, Inc. (NASDAQ:USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today announced that 16 customers have signed agreements during their fiscal quarter ended December 31, 2017 to adopt one or more of the performance optimization elements of USAT's newly acquired end-to-end enterprise services: Seed Pro, SeedSync and Seed Office. Customers include Berkshire Foods, Team Modern and Downey Vendors, which have all signed agreements to add the newly acquired analytics software into their existing USAT ePort Connect cashless payment services to improve efficiency, achieve scalability, and maximize the investment they have already made in USAT's market-leading ePort Connect platform.

The news comes on the heels of an announcement in December which reported that Canteen franchisees Southern Vending and RDS Vending, LLC, along with Miami Vending Machines, would adopt Seed Pro and Seed Office services.

“This continued momentum validates the combined synergies we share with the newly-acquired Cantaloupe Systems, and demonstrates the value that the combined platform brings with Seed Pro and Seed Office,” said Michael K. Lawlor, chief services officer, USA Technologies. “Our customers are looking to increase efficiencies and want to leverage their existing relationships with us as a one-stop provider. We are thrilled that more and more customers recognize the value of our best-in-class logistics and enterprise software, and the ability to add it to their current portfolio of USAT cashless payment and consumer engagement services through one company. We anticipate this momentum will grow as we continue to educate customers on how they can benefit from our expanded portfolio.”

USAT completed the acquisition of Cantaloupe Systems, which includes its Seed Office and Seed Pro services, on November 9, 2017, adding logistics, dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management to its existing portfolio of cashless payment, loyalty and consumer engagement services. The combined portfolio is designed to provide an enterprise system for self-service unattended retail businesses like vending.