Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Loop Insights Inc. (MTRX) has joined the Oracle Partner Network (OPN)
  • Oracle is the second-largest POS provider in the world, representing 12% of the global POS market
  • Joining the OPN puts Loop’s Insights platform in front of thousands of retailers in the Oracle client base
  • The POS terminals market overall is expected to grow to US$149.35 billion by 2028
  • Loop Insights is a Vancouver-based technology company that delivers contactless payment solutions
  • Loop Insights (MTRX) opened trading at C$1.44 per share

Loop Insights (MTRX) has joined the Oracle Partner Network (OPN) initiating a relationship with a leading provider of POS systems and cloud reporting.

Oracle is the second-largest POS provider in the world, representing 12% of the global POS market. OPN is Oracle’s global partner program for leading cloud technology companies around the globe.

Being a part of the OPN enables Loop Insights to collaborate with one of the largest global POS providers for retail and hospitality and puts Loop’s Insights platform in front of thousands of retailers in the Oracle client base.

This makes it easier for Oracle’s customers to work with Loop and get access to real-time data, multi-location reporting, and cross-channel marketing opportunities.

The POS terminals market overall is expected to grow to a staggering US$149.35 billion by 2028.

Loop continues to move towards the integration of all major POS systems. Being part of OPN will help get Loop in front of major brands and retailers in the Oracle network, which includes international chains like Gap and Burger King, and offers Loop a unique networking and business development opportunity.

Loop Insights CEO, Rob Anson stated,

“Loop’s prominence and capabilities in the POS market are set to increase exponentially thanks to our acceptance into the OPN. As a result, we expect to see continued advances in both our client base and collaborations. This agreement offers us a great opportunity to leverage the Oracle brand and benefit from their resources and position as an industry leader. This further extends our POS market reach through channels, having reached agreements with Vend, Shopify, VenueNext, and now Oracle.”

The OPN centers on the transition to cloud-based data and insights which perfectly aligns with Loop’s mission to provide customers with an end-to-end insights platform bridging the gap between on-premise and online.

Loop Insights anticipates that this relationship will initiate many new conversations with Oracle’s extensive portfolio of clients and collaborators, similar to what has been seen through other successful relationships.

Modern Oracle Partner Network enables Oracle partners to leverage Oracle Cloud and other Oracle offerings to drive innovation and accelerate business growth.

Loop Insights is a Vancouver-based technology company that delivers automated marketing and contactless payment solutions built on artificial intelligence to the brick-and-mortar space.

Loop Insights (MTRX) opened trading at C$1.44 per share.

More From The Market Herald
The Market Herald Video

" Reklaim (TSXV:MYID) introduces ‘My Footprint’

Reklaim (MYID) has launched My Footprint, a service that allows Reklaim users to see which companies are purchasing and selling their data.

" BioHarvest Sciences (CSE:BHSC) appoints Steven Lehrer to its advisory board

BioHarvest Sciences (BHSC) has appointed Steven Lehrer as its newest advisory board member, effective immediately.

" Datametrex (TSXV:DM) launches beta smartphone health app for IOS

Last week, Datametrex AI (DM) launched the initial closed beta test for its Medi-Call health app for Android.