DoubleBeam
Provides mobile solutions to help retailers improve their customer experience and save money.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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DoubleBeam, founded in 2012, developed a cloud-based point-of-sale (POS) system designed for small to medium-sized businesses. The company provided an all-inclusive system that operated on the Android OS, offering merchants hardware bundles including tablets, card readers, scanners, and printers. This platform enabled businesses to process transactions, manage inventory, track employee performance, and access real-time sales data remotely. A key aspect of its offering was the mobile POS (mPOS) capability, which allowed businesses like restaurants and food trucks to accept orders and payments on a smartphone, facilitating line-busting and pre-ordering.
The company's business model focused on providing a scalable and flexible POS solution. Its cloud-based architecture ensured that all data was stored securely online, allowing business owners to manage their operations from any location with an internet connection. DoubleBeam's software was also processor-agnostic, meaning it could integrate with a merchant's existing credit card processor. In 2013, DoubleBeam acquired GoPago, which enhanced its capabilities, and a year later partnered with Slyde to integrate beacon technology for customer loyalty programs and touch-less payments. This move aimed to attract new customers for merchants and streamline the checkout experience.
In February 2015, the payments and commerce solutions provider Verifone acquired DoubleBeam for an undisclosed amount. This acquisition was part of Verifone's broader strategy to expand its portfolio in the in-store retail technology and payments sector. Following this, DoubleBeam's technology and services were integrated into Verifone's offerings. The brand now appears to operate under The OLB Group, which provides a suite of omni-commerce solutions. Keywords: DoubleBeam, cloud POS, Android POS, mobile point of sale, mPOS, small business POS, retail technology, mobile payments, GoPago, Verifone acquisition, point of sale system, contactless checkout, merchant services, payment processing, loyalty program, remote business management, inventory management, sales reporting, transaction processing, omni-commerce solutions