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Loop Insights makes “very strategic move” into the restaurant and hospitality industry

The technology company has forged a partnership with Omnivore, the leading software integrator in the restaurant and hospitality industry

Loop Insights Inc. - Loop Insights just made “a very strategic move” into the restaurant and hospitality industry
Through Omnivore's App Marketplace, restaurant operators will be able to purchase Loop's expanding portfolio of products and services designed to drive personalized marketing and contactless solutions

Loop Insights Inc (CVE:MTRX) (OCTMKTS:VRZPF), a provider of artificial intelligence solutions, said Tuesday that it has made “a very strategic move” into the hospitality industry by striking a partnership with Omnivore, the leading software integrator in the sector.

Revolutionizing the worlds of hospitality and retail, Omnivore connects a retailer's point-of-sale (POS) with new technologies. Omnivore's cloud-based platform enables a single integration through their Application Programming Interface (API), seamlessly facilitating the connections to POS systems.

Vancouver-based Loop said that by utilizing its latest technology, Loop Cloud - an application programming interface cloud software - it has made a “strong strategic move” to partner with Omnivore. “Loop's integration with Omnivore's Connectivity Platform makes its services instantly available to hundreds of restaurant brands and POS companies,” the company noted.

READ: Loop Insights to launch “Loop Cloud” to give retailers remote onboarding and monitoring capabilities

Loop said the Omnivore integration enables it to “save time, money, and resources” by creating a single API integration, which will streamline the onboarding of new customers and allow Loop to “scale much quicker” in the global hospitality industry. 

In a statement, Loop Insights CEO Rob Anson said: "We've gained incredible momentum since our appointment into the Amazon Partner Network, as many hospitality clients are reopening their businesses. The integration provides Loop instant scalability throughout Omnivore's extensive partnership network.”  

Omnivore’s cloud-based platform helps restaurants discover apps for payment, reservations, delivery, loyalty, analytics, and more to connect with millions of consumers. Omnivore also provides access to real-time, consumer point of purchase intelligence.

Loop CSO David Salisbury said: "Through Omnivore's App Marketplace, restaurant operators will instantly be able to purchase and use Loop's rapidly expanding portfolio of products and services designed to drive personalized automated marketing and contactless solutions.”

Loop is a technology company that provides transformative artificial intelligence (AI) solutions to level the playing field between brick and mortar retailers and their online competition. Its technology aggregates online and on-premise data to enable real-time, data-driven marketing decisions.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Quick facts: Loop Insights Inc.

Price: 0.215 CAD

TSX-V:MTRX
Market: TSX-V
Market Cap: $19.39 m
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