Welcome!

Blog Feed Post

Scandit Raises $5.5M To Lead Transformation of Mobile Barcode Scanning and Data Capture Industry

San Francisco, March 25, 2014. Scandit, developer of the leading software-based barcode scanning and data capture platform for smartphones, tablets and wearable computing devices, today announced that it has raised $5.5m to strengthen its market leading position and transform the face of the automatic identification and data capture (AIDC) industry.

The investment has been made by a small group of high net worth technology entrepreneurs -all experienced in the development of successful enterprise software companies. The funding round was led by Ariel Luedi, CEO at hybris, the leading e-commerce vendor, which last year was acquired by SAP. Luedi has joined the Scandit Board of Directors.

Scandit was founded in 2009 and has established itself as the leader in the emerging BYOD (Bring Your Own Device) scanning market for employees and consumers while also providing a more cost-effective alternative to traditional, dedicated hardware device scanners. In the last 18 months the company has multiplied its licensee base by a factor of 30. Scandit now serves more than 12,000 licensees in 80 countries and processes hundreds of millions of scans per year.

Customers of Scandit's enterprise-grade mobile scanning and cloud services platform include major retailers, manufacturers, logistics companies and other enterprises, such as Ahold, Bayer, Capital One, Coop, Homeplus (Tesco), NASA and Saks Fifth Avenue. Benefits range from increasing customer engagement and satisfaction (e.g., mobile shopping, self scanning) to improving customer service for merchants (e.g., clienteling, mobile point-of-sale) and streamlining back-office processes (e.g., inventory management, asset tracking). Scandit's cloud services deliver user and license management, analytics, scan performance analysis, and more.

"There is a huge opportunity to transform the barcode scanning and data capture industry and expand the market through software-based solutions running on consumers' and employees' smart mobile devices," said Samuel Mueller, CEO at Scandit. "The funding allows us to further expand our business internationally, invest heavily in R&D of disruptive data capture technologies and cloud services, and better serve enterprise customers, primarily in Europe and North America."

"Scandit is in the process of disrupting the older, more conservative hardware-focused market while simultaneously creating new opportunities, both in the consumer and enterprise markets," said Ariel Luedi. "We were surprised how many use cases rely on the capabilities Scandit can offer today. We have never seen an enterprise software company serving so many world-class brands at this early stage, and we are excited to join the Scandit team on their path to success."

The ubiquity of smartphones and tablets in the consumer market and the benefits of mobile apps, have spilled over into the enterprise sector. Scandit is accelerating this trend by delivering enterprise-grade AIDC functionality, not just on smartphones and tablets but also for wearable devices. The company turns the traditional model for barcode scanning on its head by utilizing sophisticated software running on commodity mobile hardware and camera modules as opposed to building more expensive and less flexible dedicated hardware for particular applications. By allowing employees and consumers alike to participate in critical business processes through software-based scan technology, such as self-scanning or mobile ordering, Scandit removes operational inefficiencies and creates new revenue opportunities for its customers.

About Scandit
Scandit enables retail, manufacturing and logistics businesses to maximize operational performance and drive new revenue streams via enterprise-grade barcode scanning, OCR and data capture software for smartphones, tablets and wearable devices. With more than 12,000 licensees in 80 countries, Scandit processes hundreds of millions of scans per year. Its mobile scan technology and associated cloud services combine to deliver the platform of choice for many of the world's most prestigious brands, including Ahold, Bayer, Coop, Homeplus (Tesco), NASA and Saks Fifth Avenue. Founded in 2009 by a group of researchers from MIT, ETH Zurich and IBM Research, today Scandit and its network of global integration and technology partners are pushing the boundaries of mobile AIDC (automatic identification and data capture), delivering ground-breaking identification and data capture applications to customers. Scandit is headquartered in Zurich, Switzerland, and has just opened a new office in San Francisco. For more information visit http://www.scandit.com/.

Further information:
Ascendant Communications
E-mail for US & Europe: [email protected]
Tel: +44 (0) 208 334 8041

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...