Incite Foodtech, Eatcosys to Create Retail Tech Ecosystem

The rst-of-its-kind ecosystem will comprise consumer tech, retail marketing solutions, retail tech solutions and ntech services.

ncite Foodtech

ISdn Bhd, a fastgrowing food tech venture, has agreed to acquire Eatcosys Sdn Bhd, a homegrown retail technology solutions provider recently recognised by KPMG and HSBC as an emerging Malaysian unicorn.

The move will see both parties combining expertise and capabilities, and diversifying their o erings to create a uni ed retail ecosystem that bene ts both the B2B and B2C segments.

“The acquisition will enable us to advance our ambition of building a comprehensive, uni ed retail tech ecosystem in ASEAN. This ecosystem will comprise consumer tech, retail marketing solutions, retail tech solutions and ntech services,” said Incite Foodtech CEO Karen S Puah.

This development will also be a tting response to the government demand for industry players to develop innovative products and market development strategies by leveraging on the digital economy to revolutionise the retail industry.

Incite Foodtech creates and acquires quick serving beverage and food (QSBF) brands that satisfy customer needs and sentiments by leveraging on big data. With its unique plug-in and scale business model, Incite Foodtech supercharges QSBF brands development in a variety of formats, including physical outlets, shared space, kiosks and cloud kitchens.

Incite Foodtech operates in more than 25 locations with eight brands under its QSBF brands portfolio.

Eatcosys, meanwhile, is a onestop retail technology solutions provider o ering cloud-based POS system, CRM so ware, loyalty management, a transit advertising platform, e-ommerce platforms, data insights and nancial services to address the business hurdles for retailers.

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