365 Retail Markets has acquired AirVend, a Utah-based vending machine technology company
365 Retail Markets is working to reinvent the vending machine industry with its MicroMarket technology, a platform that streamlines the remote food purchasing process. AirVend
designs, develops, and distributes interactive touchscreen devices that can be retrofitted to nearly any vending machine.
"We are always looking to grow in this space," says Joe Hessling, CEO of 365 Retail Markets
. "It's not often technology becomes available in the food service space, but when it does we look at every opportunity."
The Troy-based company's MicroMarket platform serves the vending, foodservice and hospitality industries with a 24/7 unmanned self-checkout system. That way employee break rooms can continuously serve fresh food and beverages. It pulls this off by harnessing new technologies, like touch screens and electronic payment methods.
"We are a technology company that plays in the vending space," Hessling says.
And 365 Retail Markets is proving to be a growing one. It’s revenue is up 75 percent last year and Hessling expects to hit 50 percent revenue growth this year.
The company has been hiring at a steady clip to keep with that growth. It has added 20 people over the last year, including software developers, technicians, and support staff. It is also looking to hire another 10 people right now, including data architects, software developers and project managers. Check out those job openings here
"We are always hiring for different positions," Hessling says.
Source: Joe Hessling, CEO of 365 Retail Markets
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.