Cape Town-based CloudOne Technologies Pty Ltd, trading as CloudOne.mobi, has announced that it closed two funding rounds totalling R34m at the end of 2018. The investors include Investec Private Capital, through its Emerging Companies mandate. The investment will be used to help scale out and grow the business more aggressively. CloudOne.mobi was founded in October 2014 with the mission of re-inventing the Point Of Sale (POS) experience
Founder and CEO Dana Buys has successfully started and sold a number of software businesses since launching his first business while studying at the University of Cape Town in the early 1980s. Subsequently a hospitality business owner, among other interests, he became frustrated with poor levels of technology, particularly related to POS. Buys is passionate about customer service and wanted a solution that would improve the speed and accuracy of serving customers.
“Speed and accuracy deliver a win-win for both business and its customers,” he says. “Happy customers spend more and spread the good news via word of mouth. Accurate orders reduce costly mistakes and improve profitability. It’s hard to beat if you can make the solution easy-to-use and affordable to own!”
He continues, “There is massive opportunity to deploy affordable Cloud and mobile technology in Sub-Saharan Africa. The Cloud solutions model allows us to eliminate many of the headaches experienced by SME businesses which often lack strong IT skills. We develop the solution, keep the systems up to date, manage the databases and integration to external solutions, perform regular backups, and enforce security.”
CloudOne.mobi has developed an advanced cloud-based Point of Sale solution called TallOrder for SME businesses across the hospitality, retail and service segments. TallOrder delivers Cloud benefits, along with robust offline capacity to deal with the relatively slow, less reliable and costlier Internet prevalent throughout emerging markets. Buys explains that similar solutions developed in the United States and Europe assume an always-on, fast and low-cost Internet which is not yet the case in Africa and other developing markets.
CloudOne.mobi says TallOrder is easy to deploy, easy to learn to run, and operates on Microsoft Windows, Apple’s iOS, and Android devices. It is designed for traditional point of sale stations, tablets and even smartphone-sized devices. The system supports mobile use, which boosts the speed and accuracy of customer service.
“TallOrder replaces expensive upfront license and installation fees with low monthly or annual fees, based on the number of devices in use. This opens the market to many businesses which previously could not afford nor cope with the older technology” says Anna Groenewald, COO and co-founder at CloudOne.mobi.
According to Meiring de Wet, Chief Technology Officer at CloudOne.mobi, “SME companies by themselves will never generate enough data to be as truly useful as Big Data. We have built TallOrder in a way that allows us to aggregate the small data coming from SME businesses into Big Data”.
“This investment is an important opportunity for CloudOne.mobi to expand our software developments and allow us to rapidly scale our marketing and sales efforts and increase our future partnership opportunities,” stated Groenewald.
Learn more about CloudOne.mobi and their hero products TallOrder Point of Sale and PageMan Digital Signage by contacting them at email@example.com/ +27 (0) 728630116
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