PayRange, a prominent provider of mobile payment solutions for unattended retail and services, has announced the acquisition of KioSoft, a Montreal-based company specializing in web development and custom software, for an undisclosed amount. This corporate acquisition marks a significant move by PayRange to integrate KioSoft's extensive digital and software engineering expertise directly into its operations.
Founded in Montréal in 2013, KioSoft has established itself by delivering custom, high-performance websites and comprehensive software development services. The company's technical proficiencies include modern frameworks such as C# ASP.NET Core, Typescript Angular, and ReactJS, alongside Laravel. KioSoft also possesses expertise in OpenID Connect authentication, cloud platforms like Azure, and robust CI/CD practices, focusing on creating complete online and web presence strategies tailored to business needs.
PayRange offers a widely adopted mobile payment system that allows consumers to conveniently pay for transactions at various unattended machines, including vending machines, laundromats, and entertainment venues, directly from their smartphones. This acquisition is strategically aimed at enhancing PayRange's internal software development capabilities and fortifying its digital infrastructure. By leveraging KioSoft’s deep proficiency in web and custom software development, PayRange intends to accelerate the advancement of its existing payment platforms and user interfaces, streamlining its service delivery.
The integration of KioSoft’s design and development talent is expected to drive substantial innovation in PayRange’s digital product offerings. This includes potential improvements in the overall customer experience through more intuitive interfaces and the expansion of its service ecosystem with advanced features. Bringing KioSoft's seasoned web and software development expertise in-house is anticipated to optimize PayRange's development cycles and significantly reinforce its technological foundation, ensuring greater agility and control over its digital future. The combined entity is now positioned to develop and deploy more sophisticated and user-friendly solutions across its growing mobile payment network, supporting its ongoing expansion in the unattended retail sector.