VendScreen acquires CTO Services’ intellectual property
December 14, 2011, Portland, OR – VendScreen Inc. has acquired the intellectual property of CTO Services 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 vice-president and CTO of Crane Merchandising Systems.
Dr. Paresh Patel, founder and CEO of VendScreen, Inc., combined forces with Butler in order to further develop a 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,” said Patel.
VendScreen combines a 4.3 inch touchscreen, credit card swipe, NFC (supporting Google Wallet and other initiatives) and connections to DEX and MDB supported by all recent vending machines. The 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. The 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.
The VendScreen device uses an Android operating system, which can be retrofitted into the cutout slot of any vending machine. 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,” explained 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.”
VendScreen will debut at the NAMA OneShow, April 25 to 27, 2012, in Las Vegas.