Pennsylvania fintech Cantaloupe has acquired Three Square Market (32M) in western Wisconsin for $41 million in an effort to expand in the micro market industry and grow its presence overseas.
32M’s headquarters is located in River Falls — about 40 miles east of Minneapolis — but it also has offices in the U.K. It provides software and self-service kiosk-based point of sale and payment solutions that power the micro market industry — which Cantaloupe described as a high-growth area. That includes self-service kiosks, smart coolers and cloud-based software.
Cantaloupe (Nasdaq: CTLP) is a Malvern, Pennsylvania, digital payments and software services company focused on cashless and mobile transactions in the self-serve retail markets — such as vending machines.
Former Three Square Market pesident Patrick McMullan spoke at a Tech Council Innovation Network luncheon in Jan. 2018 in Madison on microchipping employees.