SYS-CON MEDIA Authors: Elizabeth White, Pat Romanski, Carmen Gonzalez, Liz McMillan, Kevin Jackson

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
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. ...
Vormetric on Wednesday announced the results of its 2015 Insider Threat Report (ITR), conducted online on their behalf by Harris Poll and in conjunction with analyst firm Ovum in fall 2014 among 818 IT decision makers in various countries, including 408 in the United States. The report details striking findings around how U.S. and international enterprises perceive security threats, the types of employees considered most dangerous, environments at the greatest risk for data loss and the steps or...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP ...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Storage administrators find themselves walking a line between meeting employees’ demands to use public cloud storage services, and their organizations’ need to store information on-premises for security, performance, cost and compliance reasons. However, as file sharing protocols like CIFS and NFS continue to lose their relevance, simply relying only on a NAS-based environment creates inefficiencies that hurt productivity and the bottom line. IT wants to implement cloud storage it can purchase a...
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.