Benzinga | Aug 17, 2021 09:00AM EDT

Cantaloupe Acquires Yoke Payments For Undisclosed Sum

* Digital payments and software services company Cantaloupe Inc (NASDAQ:CTLP) acquired the assets of Delicious Nutritious LLC, dba Yoke Payments, a micro-market payments company, for undisclosed financial terms.

* The companies have been working together for the last four years.

* Yoke's point-of-sale platform will extend Cantaloupe's Seed Markets offering to provide self-checkout while integrating with inventory management and payment processing platforms. It will help Cantaloupe to expand its micro-market offerings to any location.

* Co-founders Michael Johnson and Benjamin Thomas will continue to drive Yoke's growth as members of the Cantaloupe team.

* Cantaloupe held $88.6 million in cash and equivalents as of March 31.

* Price Action: CTLP shares closed at $9.74 on Monday.