Allied Advisers Serves as Sell-Side Advisor to Standard AI on the Divestiture of GoSkip to PAR Technology
- Gaurav Bhasin
- 6 hours ago
- 2 min read
Summary:
Allied Advisers served as sell-side advisor to Standard AI on the divestiture of GoSkip to PAR Technology. GoSkip provides computer vision technology that enables frictionless checkout experiences in retail environments by allowing shoppers to scan items and complete purchases directly through mobile devices. PAR Technology delivers cloud-based software and technology solutions to restaurants and retailers, including point-of-sale, digital ordering, and customer engagement platforms. The transaction expands PAR Technology’s capabilities in computer vision and checkout innovation while enabling Standard AI to focus on its core autonomous retail platform.
About Standard AI
Standard AI is a technology company focused on developing autonomous retail solutions powered by artificial intelligence and computer vision. The company’s platform enables retailers to transform existing stores into autonomous shopping environments without requiring major hardware changes. By applying advanced AI models to in-store camera systems, Standard AI helps retailers gain insights into shopper behavior while enabling frictionless checkout experiences. The company works with retailers to improve operational efficiency and enhance the customer shopping experience through intelligent automation.
About PAR Technology
PAR Technology is a global provider of cloud-based software and technology solutions designed for restaurants and foodservice businesses. The company’s platform includes point-of-sale systems, digital ordering tools, loyalty programs, and data-driven customer engagement solutions. PAR Technology supports enterprise restaurant brands and multi-location operators with integrated technology that helps streamline operations and improve the guest experience. The company has decades of experience delivering mission-critical software and hardware solutions across the hospitality industry.
About Allied Advisers
Allied Advisers is a global technology-focused advisory firm specializing in M&A and Capital Raises for middle-market companies. We have successfully advised on over 100 transactions totaling $15B+ in deal value across US, Canada, Europe, India, Israel, and South America.
