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Sagtec Global Secures AI Licensing Deal with Kinetic Seas to Accelerate Scalable Growth in F&B Tech Market
Globenewswire· 2025-08-25 12:55
Core Viewpoint - Sagtec Global has entered a strategic licensing agreement with Kinetic Seas to integrate the AI platform Skilliks into its POS systems, aiming to enhance AI-powered solutions in Southeast Asia's Food & Beverage market [1][3]. Company Overview - Sagtec Global serves over 13,000 clients globally, focusing on improving efficiency and profitability through advanced tools [2]. - The company is recognized as a leader in enterprise-grade POS software and AI-integrated digital systems in Southeast Asia [6]. Strategic Benefits - The licensing of Skilliks allows Sagtec to access proven AI technology without the high costs associated with developing an in-house AI division, which could cost millions annually [3]. - This collaboration is expected to accelerate the development of AI tools for Sagtec's clients, addressing critical operational challenges such as ingredient management and demand forecasting [2][4]. - The agreement positions Sagtec to expand its solutions beyond the F&B sector into adjacent industries, creating new revenue streams [3][8]. Leadership Insights - The CEO of Sagtec Global emphasized that this agreement is a pivotal step in the company's long-term growth strategy and enhances its ability to deliver value to shareholders [4]. - The CEO of Kinetic Seas highlighted the partnership's potential to empower operators and enterprises with scalable AI solutions [4]. Market Positioning - The collaboration reinforces Sagtec's commitment to operational excellence and sustainable growth, which is expected to create long-term value for shareholders [5]. - The integration of AI is anticipated to accelerate project development across Sagtec's F&B client base and expand recurring revenue opportunities [8].
Lightspeed Commerce Announces Q1 Product Innovations Driving Growth for Retail, Hospitality, and Golf Businesses
Prnewswire· 2025-07-15 12:00
Core Insights - Lightspeed is enhancing its product offerings to meet the evolving needs of merchants in retail, hospitality, and golf industries, focusing on intelligent tools for better business management [1] Retail - New features introduced by Lightspeed aim to address industry challenges, improve operational efficiency, and enhance customer engagement [2] - The "Order Trends" feature in NuORDER by Lightspeed provides buyers with data-driven insights, leading to a 10% increase in average order value for early adopters [2] - Custom Inventory Adjustments and new financial metrics like Inventory Turns and GMROI are now available, with users of Lightspeed Insights seeing a 25.4% higher GMROI compared to those not using it [3][19] - The Lightspeed Retail SuiteApp has achieved "Built for NetSuite" status, facilitating better data integration and visibility for retailers [4] - Enhanced omnichannel management features allow for seamless order tracking and custom online checkout charges [5] Hospitality - Lightspeed Restaurant's AI-powered Benchmarks and Trends feature is now available in Europe, helping restaurant owners understand their performance relative to competitors [6] - The upgraded Lightspeed Tableside mobile POS allows servers to take orders and payments directly at the table, improving service speed and efficiency [7][8] - Lightspeed Pulse provides real-time sales insights, enabling restaurateurs to track sales trends and performance easily [9] - New updates to kitchen operations and menu management streamline processes, enhancing overall efficiency [10] - A new Sales Report feature consolidates key sales insights, allowing operators to analyze performance by specific shifts [11] Golf - Lightspeed has partnered with Whoosh to enhance private golf operations, providing integrated membership management and real-time insights for clubs [12]
Diebold Nixdorf Modernizes Deutsche Post Branches across Germany
Prnewswire· 2025-05-16 12:04
Core Insights - Deutsche Post has awarded Diebold Nixdorf a contract to renew branch infrastructure across approximately 13,000 locations in Germany, including a five-year service agreement [1][3] - The new hardware systems will feature the modular DN Series® BEETLE M2110 POS terminal, which is designed to improve energy efficiency and reduce CO2 emissions [2] - Diebold Nixdorf will install up to 500 systems per week starting in the third quarter of 2025, providing comprehensive services including IMAC and warranty processing [2][3] Company Overview - Deutsche Post is the largest postal service provider in Europe and a market leader in the German mail market, offering a range of services including physical document processing and a digital portfolio [4] - Diebold Nixdorf specializes in automating and digitizing banking and shopping experiences, serving top financial institutions and retailers globally, with a presence in over 100 countries and approximately 21,000 employees [5]