Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc. has told investors that its tie-up with Lightspeed Commerce Inc, the platform for retailers around the world, is now complete, greatly increasing both companies presence in the space.
Fobi's data app is now within the Lightspeed ecosystem and available for download by Lightspeed customers, which include retail, hospitality and golf businesses in more than 100 countries.
"Lightspeed’s support of Fobi’s integration to their platform cannot be understated as it speaks volumes about their confidence in Fobi as a premiere retail data solution provider," noted Fobi CEO Rob Anson in a statement. "With our integration now complete, both Fobi and Lightspeed are positioned to generate new sales opportunities through this successful partnership."
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He also highlighted that Fobi has been selected as Lightspeed's 'Featured Partner' in the Lightspeed ecosystem for the month of October.
Key benefits for retailers of the integrated technology include that it saves time, allowing them to access online and in-store data in real-time across multiple point-of-sale (POS) systems and Lightspeed accounts.
"With visualization of every data touchpoint, retailers can view their sales history and see year over year growth across their entire business operations to help forecast and plan the future of their business with AI data forecasting and segmentation," noted Fobi.
The company pointed to a recent report from Allied Market Research, stating that the global cloud POS market size was valued at US$2.24 billion in 2020, and was projected to reach US$13.24 billion by 2028.
Fobi is a data intelligence company with an IoT device to help clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.
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