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Vend is cloud-based point-of-sale and retail management software company, based in Auckland, New Zealand. The company was founded in 2010 by Vaughan Rowsell. It was acquired by the Australian software company Kounta.
The Kounta POS is a software-as-a-service (SaaS) that runs as an application in web browsers as well as natively on iOS and Android operating systems. [34]Kounta also incorporates an Open API, making it possible for other software providers to integrate complementary apps, further extending the software's use. [35]
On March 12, 2021, New Zealand cloud-based retail software company Vend was bought by Lightspeed for US$350 million. [31] In fiscal 2022, the company generated revenue of US$548 million with US$3.62 billion in total assets [4]: 5–6 and had about 3,000 employees. [32] In January 2023, the company laid off close to 300 employees. [33]
Clover is a cloud-based Android point of sale platform that was launched in April 2012.The company is headquartered in Sunnyvale, California, United States.As of the quarter ended September 2020, Clover processed $133 billion of annualized card transactions worldwide, making it the largest U.S. cloud POS firm.
The company also offers multimedia consumer facing POS devices; unattended and self-service payment methods designed to enable payment transactions in self-service environments; and integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as payment systems for integration. In ...
Unlike traditional point-of-sale setups, virtual POS systems eliminate the need for dedicated hardware, relying instead on software and internet connectivity. These systems are widely used across industries, from small businesses to global retailers, to streamline transactions and integrate with broader business operations with broader business operations.
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