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iZettle buys intelligentpos to expand from mobile payments to commerce solutions

While Square continues to take small steps into Europe, a would-be homegrown rival has made its first acquisition to expand from mobile payments into a wider set of commerce solutions. iZettle — the S ......

  • United States
  • Financial Services
  • 15 Oct 2016
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Description While Square continues to take small steps into Europe, a would-be homegrown rival has made its first acquisition to expand from mobile payments into a wider set of commerce solutions. iZettle — the Swedish mobile payments startup backed by the likes of Intel, American Express and Spanish banking giant Santander — has bought intelligentpos, whose cloud-based software lets businesses in the hospitality and other industries manage their inventory, loyalty programs and customer flow.

Terms of the deal are not being disclosed, iZettle CEO and co-founder Jacob de Geer told TechCrunch. The Edinburgh-based startup had raised only $770,000 in angel funding prior to its exit. De Geer said that intelligentpos will add another €500 million in processing volume to the €3 billion that iZettle already processes annually.

Intelligentpos is a cloud-based service and is complementary to iZettle in a couple of ways.

The first is in its feature set and how it is used by customers. Both take advantage of using generic hardware (in their case, an iPad or Android tablet); iZettle has built a service focused on simple and quick transactions, while intelligentpos is essentially focused on everything else around the business-customer relationship, with its biggest product to date focused on the hospitality industry.

The second way in which they complement each other is in their pricing: Up to now, iZettle’s revenues have come by way of taking a small percentage commission on each transaction made by the merchant (like Square, the basic cut is 2.75 percent). Intelligentpos, however, is a built on a SaaS model, “and that adds a different type of revenue stream we haven’t been working with up to now,” de Geer said.

Intelligentpos has up to now focused most of its efforts on the U.K. market, but de Geer said that under iZettle, the intention will be to take that elsewhere: iZettle has made a mark not only in Europe, where it competes against the likes of PayPal and SumUp/Payleven for small business customers (many of whom may not have had any payment card acceptance in the past because of the high rates charged by banks); but also Brazil and Mexico, by way of its strategic investment from Santander.

De Geer said that while it may have taken several years for iZettle to make its first acquisition, it won’t be the last. Like Square, the company is looking to go beyond its original payment roots as a route to more recurring revenue and a wider customer base. That’s also included services like business financing in the past, and de Geer said that today, the next target “could be anything.”

“It can be something in [payment] terminals to small business insurance,” he continued. “There is a lot out there right now ripe for consolidation. I know what all of them are looking for is a scalable way to acquire new customers and that is one of iZettle’s core strengths. And we are regulated, which means we can work with any financial service.”

The company, he added, is buying intelligentpos with a mix of cash and equity, bringing on employees as well as customers and tech. iZettle has to date raised just over $172 million, with the most recent tranche of $67 million coming almost exactly a year ago.
Industry Financial Services

IFA 2016: Lenovo Yoga 910 laptop, Yoga Tab 3 Plus and more announced

Lenovo has released Yoga 910 convertible laptop, Yoga Tab 3 Plus Android tablet, Yoga Book, Moto Z Play and Miix 510 at IFA 2016 in The Station Berlin, Germany. The launch was held before a distinguis ......

  • Germany
  • Information Technology
  • 15 Oct 2016
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Description Lenovo has released Yoga 910 convertible laptop, Yoga Tab 3 Plus Android tablet, Yoga Book, Moto Z Play and Miix 510 at IFA 2016 in The Station Berlin, Germany. The launch was held before a distinguished 700 people comprising of fans, media and industry influencers. During the launch event, the company created highly immersive experience zones with hands-on opportunities. for the geeks to test drive the new products.

According to Lenovo, the new products are designed and developed with the customer-centric approach to product design and development. The company is confident that the new Yoga 910 laptop and Android tablet meets the requirements of current generation consumers. Moreover, the company revealed that the new Yoga products are developed after an extensive user research and feedback.

Commenting on the launch, Johnson Jia, Lenovo’s senior vice president, PC & Smart Device Business Group disclosed that the company is moving from a PC market where one size fits all to one of multiple sizes and fits. Furthermore, consumers will be able to select products from the form factor that best meets their lifestyle requirements. Jia added that the Yoga range will continue to drive PC innovation going forward.

Lenovo Yoga 910 Convertible Laptop

The new Yoga 910 is the world’s thinnest convertible laptop with just 14.3mm thickness. Moreover, the Yoga 910 is based on the latest 7th Gen Core i7 processor and the users are given the option to choose either a new 4K or Full HD display. The laptop offers a near edgeless display (5mm bezel) that offers 10 percent more screen area. It also provides a 14 percent increase in pixel density. This will enable you to visualize sharp, clear images.

Specifications & Features

13.9-inch 4K (3840 x 2160) display, with IPS technology
Up to the latest Generation Intel Core i7 processor
Up to Intel HD graphics
Up to Windows 10 Pro
Up to 16 GB

Up to 1 TB PCIe SSD
2 x JBL stereo speakers with Dolby Audio Premium
Up to 9 hours with local video playback
Advanced fingerprint reader with Windows Hello support
Yoga watchband hinge
Unibody metal design
3-sided narrow display bezel

Fingerprint security
USB 3.0 Type-C with video-out
USB 2.0 Type-C with charging
USB 3.0 with always-on charging
Audio combo jack

Lenovo App Explorer with access to Skype, Facebook or Netflix
All-metal unibody casing
Champagne Gold, Platinum Silver and Gunmetal color variants
Signature watchband hinge
Price: Starts at €1499 including VAT
Availability: October 2016
Lenovo Yoga Tab 3 Plus

Lenovo Yoga Tab 3 Plus features amazing display and sound with complete cinematic entertainment experience. Nowadays, users make use of tablets to watch their favorite TV shows and movies. Hence, the need for a device that offers a high-quality audio and visual experience is of utmost importance. Moreover, the new Yoga Tab 3 Plus delivers long-lasting battery.

Specifications and Features

10.1-inch 2K (2560 x 1600) IPS 10-point multitouch display
Snapdragon 625 processor
Up to 3 GB DDR3L RAM
Snapdragon 625 processor
13MP primary camera
5MP front-facing snapper

4-JBL-speaker soundbar with Dolby Atmos technology
9300mAh Li-ion Battery with up to 18 hours battery life
24w fast charger
USB 2.0 Type-C
3.5 mm Audio Jack

MicroSD Card Slot
Micro SIM card slot (LTE SKU only)
637 grams
Four separate viewing modes
Lenovo Media Cast

Ability to stand, tilt, hold or hang
Price: starts at €299
Availability: November 2016
Lenovo Yoga Book

Lenovo Yoga Book is a 2-in-1 tablet designed to enhance user productivity. The integrated Halo keyboard provides fill backlit virtual keyboard to combat the typing challenges. The Yoga Book is available in both Windows and Android variants.

Lenovo Yoga Book Windows – Specifications

10.1-inch FHD IPS display
Intel Atom x5-Z8550 Processor

64GB internal storage
8MP primary camera
2MP front-facing snapper
8500mAh Li-ion Polymer battery

Capacitive Touch with AnyPen Technology
Capacitive Touch and EMR Pen Technology
On-Demand Halo Keyboard With Haptic Feedback
Nano SIM Card slot

Dolby Audio Premium
Windows 10 Home or Windows 10 Pro
690 grams
Office Mobile and ArtRage (Lite Trial) bundled

Yoga Book Android

Lenovo also announced Android variant of Yoga Book. However, we don’t have any information about the specification except the fact it will have the same 10.1-inch FHD IPS display with haptic feedback keyboard.

In addition to the above products, Lenovo also unveiled Moto Z Play and Miix 510.

Moto Z Play specifications

5.5-inch FHD Super AMOLED display
Snapdragon 820 procesor
32GB internal storage
16-megapixel primary camera
5-megapixel font-facing snapper
3510mAh fast-charging battery
Android 6.0.1 Marshmallow
Fingerprint sensor
According to Lenovo, Moto Z Play is capable of delivering 50 hours of battery life and provides support for TurboPower charging. Moreover, it also features new Hasselblad True Zoom technology, 10x optical zoom and a Xenon flash.

Miix 510 specifications

Lenovo Miix 510 is a Windows detachable device with an optional external keyboard. It features a 12.2-inch display, 1TB of storage including the ability to use the device at any angle or orientation.

12.2-inch Full HD+ display
Up to 6th Gen Intel Core i7 processor

Up to Intel HD 520
5MP primary camera

2MP front-facing shooter
Up to 8 hours with local video playback
Up to Windows 10 Pro
Stereo speakers w/ Dolby Audio
USB 3.0 Type-C port

Lenovo has released several new generation products at the IFA 2016. The attendees got an exciting opportunity to test drive the features. As of this writing, we don’t have any pricing information. We only know that the above products will be available by the end of 2016. We will keep you updated. Stay tuned with PC Tablet.
Industry Information Technology

Lenovo Yoga Tab 3 Plus 10 Takes On Apple's iPad Air At 2016 IFA Event

The 2016 IFA, which will be held in Berlin, is scheduled to take place in just a few short weeks. Plenty of tech manufacturers are expected to arrive in order to showcase and launch new products. In p ......

  • Germany
  • Information Technology
  • 03 Sep 2016
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Description The 2016 IFA, which will be held in Berlin, is scheduled to take place in just a few short weeks. Plenty of tech manufacturers are expected to arrive in order to showcase and launch new products. In particular scrutiny now is the Lenovo Yoga Tab 3 Plus 10, which might just give the iPad Air a run for its money.

As Slash Gear points out, there are plenty of tech companies that have retracted their efforts to break into the Android tablet market. However, Lenovo has not given up, as illustrated by the impressive Yoga Tab 3 Plus 10.

Specs Review

The Yoga Tab 3 Plus 10 is not expected to be a premium tablet. In fact, it falls in the higher mid-range spectrum, although it will have some high-end specs thrown in as well.

A Qualcomm Snapdragon 650 processor is expected to power the device, which will run on 3GB of RAM. While some smartphones boast more powerful specifications, the Yoga Tab 3 Plus 10 does have a QHD screen that has a 2560 x 1600 pixel density. It also houses a powerful 9300mAh battery. Because the device is relatively small, the battery will reportedly last for 18 hours.

The device will have 32GB of internal memory, a 13 megapixel rear camera and a 5 megapixel front camera. It will also sport a USB Type C port and will come preinstalled with Android 6.0 Marshmallow.

Design Review

According to Android Headlines, the Yoga Tab 3 Plus 10 will measure just 4.7mm at its thinnest point and will sport a 10 inch screen. The device will weigh just 683 grams

Price Range

The Lenovo Yoga Tab 3 Plus 10 is expected to be priced at around US$390 to US$450, depending on whether the user simply wants a unit that connect to Wi-Fi, or have its own LTE connectivity.
Industry Information Technology

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