- Fobi (FOBI) has signed a three-year exclusive data license agreement with Ideal POS
- The companies will generate revenue by selling quarterly and annual data licenses to industry stakeholders
- Fobi has also signed a commercial reseller agreement with Ideal to leverage the latter’s diverse clientele
- In addition, the companies will introduce a digital member loyalty card solution, enabling customers to download Fobi’s Wallet Pass from Ideal POS retailers
- Fobi AI is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement
- Fobi Stock (FOBI) is up by 5.15 per cent, trading at $0.51 per share
Fobi (FOBI) has signed a three-year exclusive data license agreement with Ideal POS.
Ideal POS is one of Canada’s largest POS providers, representing over 1,000 locations across Saskatchewan, Manitoba and Ontario.
Fobi and Ideal will generate revenue by selling quarterly and annual data licenses to various industry stakeholders through the Fobi Data Exchange.
The news follows a similar agreement with Barnet Technologies.
Fobi has also signed a commercial reseller agreement with Ideal POS to leverage the latter’s presence in hospitality, sports, retail, and educational and health institutions.
In addition, the companies will introduce a digital member loyalty card solution, enabling customers to download Fobi’s Wallet Pass from Ideal POS retailers, providing immediate mobile access to loyalty points, stored value, e-gift cards or stamp card functionality.
Fobi intends to replicate the success of its data licensing solution in other key Canadian provinces before the end of 2022.
“Today’s data license announcement with Ideal POS and previously with Barnet Technologies now solidifies Fobi as a leading data aggregator for the Canadian liquor retail and hospitality industries,” stated Rob Anson, Fobi’s CEO.
Fobi AI is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement.
