Investing.com -- Cantaloupe, a specialized U.S. payments processor, is considering strategic options that may include a sale or a go-private transaction, Reuters reported, citing four sources familiar with the matter. The Pennsylvania-based company provides digital payments technology and software to businesses that offer self-service options like vending machines, car washes, and arcades. Its products have a global reach, being used in North America, Europe, and Australia.
The company's strategic plans are being developed with the assistance of investment bankers at JPMorgan Chase (NYSE: JPM ). The sources, who wished to remain anonymous due to the confidential nature of the discussions, cautioned that a sale is not a certainty.
Representatives from Cantaloupe and JPMorgan Chase were not immediately available for comment.
Cantaloupe gained 0.5% in afternoon trading on Tuesday.
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