Cogito Capital Limited has taken an equity position in ELS (Empty Lot Software) to help acquire the suretap™ wallet platform from EnStream.
Telecom OSS software developer Empty Lot Software, was involved in the development of suretap™ and through the recent Cogito Capital investment will ensure that the suretap™ platform can be further developed and continue to grow as the system behind next generation customer
The suretap™ wallet platform is a SIM-based near field communication mobile wallet solution. It was originally developed by Canada’s three largest mobile network service providers, Bell, Rogers, and TELUS, in conjunction with EnStream, and established to build and support the developing market for mobile-based digital services and payments. Prior to suretap™ ceasing its commercial availability, it had more than 180,000 installs, credit cards, more than 30 big-brand gift cards, a loyalty partnership, and a transit ticketing pilot, in
addition to a co-branded digital-only prepaid card program developed by suretap™.
About Empty Lot Software Inc.
Toronto-based Empty Lot Software (“ELS”, “Empty Lot”) Inc., was established in 2013 and are developers of ROME™, a software system to help large and small organizations manage databases, networks, and warehouse management systems.
About Cogito Capital Limited
Cogito Capital is a private equity ?rm, investing in companies that follow their core philosophy: to empower digital transformation in traditional industries such as International Retail, Manufacturing and Communication sectors.
Source: Empty Lot Software, Inc.