Transaction

Reaching more retailers with a unified commerce platform

Transaction

Glory Global acquired Flooid a portfolio company of Inflexion Private Equity

Buy-side

€168m

Role

Adviser to Glory Global on its acquisition of Flooid

Sector

Tech & Tech Services

Region

UK

Clearwater has advised Glory Global Solutions (International) Ltd (Glory Global), a global leader in cash technology solutions and a subsidiary of GLORY LTD. (GLORY), on its acquisition of 100% of the issued share capital of Flooid, a leader in cloud-based unified commerce software to the retail industry, from private equity group, Inflexion Private Equity.

Headquartered in Coventry, with operations in the USA, Flooid focuses on helping retailers deliver seamless experiences across all customer touchpoints with a powerful cloud-native, hardware-agnostic, unified commerce platform. Driving traditional point of sale, self-checkout, mobile POS, self-order and pay kiosks as well as convertible lane from a single platform, Flooid software handles pricing, payment, receipts, taxation, promotions, coupons, orders, deliveries, and more, regardless of store format or segment.

Recognised by industry analyst IDC as a ‘major player’, Flooid has existing clients across Europe, North America, and South Africa including M&S, John Lewis Partnership, Walgreens, Hudson News, Pick’n’Pay, and Woolworths.

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Joining Glory is an exciting step in our journey to reach more retailers with our unified commerce platform. Becoming part of a large, global ecosystem extends the reach of our solutions into new markets and Glory brings us new solutions to offer those retailers.

Diane Palmquist, CEO, Flooid
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We are delighted to have worked with Glory Global and the team on this acquisition, it’s been a pleasure advising the team on this highly strategic acquisition. As combined businesses, Glory and Flooid have lots of potential to grow and continue expanding their services to customers. We are thrilled to be a part of this journey and look forward to seeing what’s to come for them in the future.

Edward Gale, Partner, Clearwater

Advisers

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