Welcome!

IBM Cloud Authors: Elizabeth White, Yeshim Deniz, Pat Romanski, Liz McMillan, Stefan Bernbo

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: scandit@ascendcomms.net
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.

IoT & Smart Cities Stories
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to info@dxworldexpo.com. Miami Blockchain Event by FinTechEXPOalso offers sp...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...