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Dive Brief:
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PAR Retail, a division of c-store technology company PAR Technology, has acquired GoSkip, the self-checkout vendor formerly known as Skip Checkout, from retail artificial intelligence firm Standard AI, a PAR spokesperson confirmed to C-Store Dive.
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PAR Retail is integrating GoSkip into its InStore platform, which combines loyalty programs, promotions and payments into one frictionless experience for convenience retailers, the spokesperson said.
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Selling GoSkip underscores a strategic shift for Standard AI, which is no longer focused on bringing its technology to convenience and fuel retailers, PAR’s spokesperson said.
Dive Insight:
After its founding in the mid-2010s, GoSkip became popular not only for its self-checkout kiosks but for its mobile checkout technology, which lets customers scan items’ barcodes with their mobile devices as they take them from the shelves. The technology was quickly adopted by a variety of c-store retailers, such as Global Partners, Cruizers, Huck’s and High’s, before the company was acquired by Standard AI in early 2023.
Standard has now called it quits in the c-store industry and is selling GoSkip about a year after it named a new CEO, who has led the company’s pivot from its core business model of autonomous checkout into vision analytics.
For PAR, acquiring GoGkip is a way for the tech company to deliver more value to its customers via enhancing in-store engagement, eliminating friction at checkout, increasing operational throughput and driving better experiences, the spokesperson said.
“The integration of GoSkip enhances the utility and stickiness of the broader PAR Retail solution set,” the spokesperson said. “That means more data, more engagement, and more opportunities to drive margin expansion for our customers.”
PAR’s spokesperson declined to comment when asked to share the purchase price of GoSkip.
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