TACT News & Events

TransAct Technologies (TACT) "announced the appointment of Dana Loof as Chief Marketing Officer. Ms. Loof has a 30-year track record leading high-growth technology companies, where she has been responsible for global marketing strategy, brand strategy and positioning, category building, revenue generation, and customer engagement initiatives. Prior to joining TransAct, Ms. Loof worked as an independent consultant providing chief marketing officer services and served as Chief Marketing Officer at Evolv Technologies Holdings (EVLV)."

TransAct Technologies announced that one of the nation's largest sushi franchise operators has approved and placed multiple initial orders for TransAct's new BOHA! Terminal 2 LTE, totaling 596 units. These orders are part of a broader initiative to modernize the network's 2,108 locations over time, all of which are expected to eventually receive BOHA! Terminal 2 LTE units.

TransAct Technologies has acquired a perpetual license to a copy of the source code for the BOHA! software that it licenses from Avery Dennison. Under the terms of the agreement, TransAct has obtained a perpetual and royalty free license to use, host, market, sublicense, distribute, copy, and modify the code as the Company sees fit for its business purposes. "I believe this is a pivotal moment for TransAct that allows us the freedom to modify, extend and enhance the code as we see fit, without royalties or contractual constraints going forward," said John Dillon, Chief Executive Officer of TransAct. "Acquiring the source code provides us greater operational freedom, and we expect it will eventually enhance our financials, leading to greater value for TransAct stockholders and employees. I'm happy to have completed this transaction and believe this is a significant and transformative step forward for the Company." The Company expects to launch its fully supported version of BOHA! in early 2027. Total consideration for the acquisition is $2.55 million, plus professional services fees of approximately $1.0 million for transition services to be provided by Avery Dennison.

TransAct announced a new customer win with a Northeast-based convenience store chain. The operator has selected TransAct's BOHA! Terminal 2 and Grab 'n Go Labeling software, along with custom labels, to support fresh food labeling and in-store operations across all of its grab 'n go locations. The order includes 60 BOHA! Terminal 2 units, each bundled with a three-year Premier Express Warranty, as well as TransAct's custom labels.