VendScreen™ acquires intellectual property of CTO Services, and its principal Glenn Butler joins VendScreen as co-founder and Chief Technology Officer. Jim Brinton joins as investor and member of the Board of Advisors.
VendScreen, Inc., inventor of the VendScreen™ smart device for new and existing vending machines, announces the acquisition of the intellectual property of CTO Services, LLC and its principal Glenn Butler, who joins VendScreen, Inc. as co-founder and Chief Technology Officer.
Butler was previously co-founder of Streamware Corporation, and served as president of Cantaloupe Systems. Butler most recently served as VP and CTO of Crane Merchandising Systems.
Dr. Paresh Patel, founder and CEO of VendScreen, Inc., combined forces with Butler in order to further develop this game changing, profit enhancing solution for the vending industry. “VendScreen is committed to building an all-star team and we are happy to have Glenn Butler as our newest member. He brings extensive industry experience and invaluable contacts from the industry,” says Patel.
The VendScreen™ device uses an Android operating system, which can be easily retrofitted into the cutout slot of any vending machine. For the first time in vending, advertising and promotions can be directed at the user of the machine, while the machine itself is kept in compliance with nutritional information disclosures.
“I have been working on the digital signage and promotions aspect of vending for most of the last year,” explains Butler. “I think it makes perfect sense for Paresh and I to team up and bring this to the industry as quickly as possible in one integrated platform.”
Jim Brinton, former chairman of the National Automatic Merchandiser Association (NAMA), current chairman of Unified Strategies Group (USG), and President of Evergreen Vending, joins VendScreen as an investor and member of the Board of Advisors. Brinton has extensive industry experience from the operator-side and is committed to advancing the industry. “Paresh and I have been colleagues for many years,” states Brinton. “When he showed me the VendScreen™ device, I immediately recognized this is exactly what the industry needs, and I want to help him bring the device to market. Paresh is solving real problems for the operators.”
VendScreen™ combines a 4.3 inch touchscreen, credit card swipe, NFC (supporting Google Wallet and other initiatives) and simple connections to DEX and MDB supported by all recent vending machines. VendScreen’s patent pending solution integrates with back end systems like MEI and Streamware, ensuring the product and nutritional information displayed matches the contents of the machine. Unlike other solutions, this device is self-contained and installs on the front of vending machines, requiring no Velcro or complicated in-machine box solutions. VendScreen™ also has an OEM’s version using a larger format screen, which would replace the keypad in existing machines.
Patel and Butler are members of the NAMA VDI task force, and the VendScreen™ device will support VDI 1.0 DEX transfer and other standards as soon as they are released.
VendScreen™ will debut and exhibit at the NAMA One Show on April 25th, 2012.
About VendScreen
VendScreen, Inc. was founded by Dr. Paresh Patel, a lifelong entrepreneur with a passion for applying breakthrough technologies to established business models. At age 17, he founded Courtesy Vending to help pay for college, then propelled the company to twenty times growth in just five years to become the largest independent vending operator in the Portland area. Anticipating the rapidly evolving technology needs of vending operators, Dr. Patel again applied his entrepreneurial instincts, business savvy and industry experience to launch VendScreen™; a game-changing product which advances vending’s position in the retail channel.
For more information, please visit http://www.vendscreen.com
VendScreen is a trademark of VendScreen, Inc.
Contact Information:
Paresh Patel, Ph.D., MBA
Founder and CEO
VendScreen, Inc.
(888) 748-4249 ext 802
info [at] vendscreen.com
Source: VendScreen
