Global Bay Mobile

Global Bay Mobile

As of Nov 1, 2011 Global Bay was successfully acquired by Verifone Systems (NYSE: PAY).

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DateInvestorsAmountRound
investor

€0.0

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N/A

Acquisition
Total Funding000k
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Global Bay Mobile Technologies was a software company focused on mobile retail solutions. Founded in 2002 by Sandeep Bhanote and Nimit Sabharwal, the firm was based in South Plainfield, New Jersey. The company specialized in developing mobile applications that equipped retailers with tools for in-store operations.

Global Bay's core offerings included a suite of applications for Mobile Point-of-Sale (POS), clienteling, and store inventory management. This platform was designed to integrate with existing e-commerce and traditional store systems from major providers like Oracle, SAP, and IBM, allowing retailers to leverage their current infrastructure. The technology enabled store associates to process transactions on handheld devices, look up product information, manage inventory, and access customer order history on the sales floor. This approach aimed to enhance the in-store customer experience and prevent lost sales by providing immediate access to merchandise information and checkout capabilities, effectively turning sales associates into mobile cash registers. The company served a notable client base that included brands such as Aeropostale, Ann Taylor, Estee Lauder, Coach, and Whole Foods Markets.

The company's trajectory was marked by significant acquisitions. In November 2011, point-of-sale provider VeriFone Systems Inc. acquired Global Bay Mobile Technologies for an undisclosed amount. This acquisition was a strategic move for VeriFone to integrate Global Bay's mobile applications with its own secure payment technology, aiming to offer a comprehensive suite of mobile commerce solutions to retailers. Following the acquisition, co-founders Sandeep Bhanote and Nimit Sabharwal joined VeriFone's leadership, taking on roles as general manager and senior director of operations for the new Mobile Retail Systems business, respectively. Subsequently, in August 2014, the assets of Global Bay were acquired from VeriFone by Manhattan Associates, a supply chain commerce solutions provider. This second acquisition was intended to extend Manhattan Associates' omni-channel capabilities by adding in-store sales and clienteling solutions to their portfolio.

Keywords: Global Bay Mobile Technologies, mobile retail solutions, mobile POS, clienteling, store inventory management, Sandeep Bhanote, Nimit Sabharwal, VeriFone acquisition, Manhattan Associates, in-store mobility, retail software, handheld device transactions, omni-channel retail, mobile commerce platform, point-of-sale applications, retail technology, customer engagement solutions, mobile payment integration, e-commerce systems integration, retail operations software

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Investments by Global Bay Mobile

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Global Bay Mobile
ACQUISITION by Manhattan Associates Aug 2014