Invenda Group AG, the leader in next-generation automated retail, and Quividi, the pioneer and world’s #1 in AI & Computer-Vision based platforms providing real-time audience measurement & shopper engagement for Digital Out-of-home (DOOH) & Retail, today announced a partnership to deliver high-fidelity audience impressions to Invenda’s entire network of vending machines.
Invenda’s Internet of Retail technology powers smart vending machines featuring screens up to 49 inches that can be leveraged to drive incremental advertising revenues. The screen space is sold through programmatic platforms and partner media brokers. The current inventory includes more than 6,000 units in retail venues, sports centers, transportations, petrol stations, universities, hotels, and offices in 17 countries with a planned reach of 89 million monthly audience impressions by 2025.
“Quividi provides the most accurate first-party audience impressions available,” said Francesca Meloni, DOOH Advertising Director at Invenda. “We will be offering a unified, precise measurement for each of the campaigns run on our network, worldwide. Our partnership will lead to a more efficient use of DOOH and retail media budgets and better results for our advertisers and media agencies”.
The collaboration between Quividi and Invenda is a significant development in the DOOH and retail media markets as it helps vending machine operators tap into two fast-growing advertising markets. In 2023, the global retail media ad spend is expected to reach $125.7bn (source: GroupM) while DOOH should achieve $17.54bn in ad spend globally (source: Statistita).
About Invenda
- Founded in 2017 by CEO Jon Brezinski, Invenda Group AG powers the Internet of Retail, an ecosystem of software, hardware, advertising, data, payment, and services transforming the automated retail industry.
- With headquarters in Alpnach, Switzerland, the company has offices and showrooms in London, Berlin, Stockholm, Novi Sad, Hong Kong, and a new US showroom in Chicago.
- Invenda is partnered with Microsoft and Intel, with existing clients including Mars Wrigley, Coca-Cola, Selecta, and Valora.
About Quividi
- Quividi is the pioneer and World’s #1 in AI & Computer-Vision based platforms providing real-time audience measurement & shopper engagement for Digital Out-of-home (DOOH) & Retail.
- DOOH and Retail Media publishers leverage Quividi’s first-party, real-time audience impressions to trade their inventory using traditional and programmatic (pDOOH) channels. Retailers and Brands use Quividi’s high-fidelity footfall and engagement analytics to optimize conversion at key touch-points along the physical shopper journey.
- Quividi’s platforms are Data Protection by design and support large-scale deployments, analyzing billions of anonymous shoppers monthly across tens of thousands of screens and points of purchase (POP).
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