date:Apr 04, 2014
Feniks, a US-based food tech start-up, has purchased assets of Rubi coffee kiosk business from Outerwall, for an undisclosed amount.
The acquisition covers Rubi brand name, technology and associated intellectual property, as well as the completed inventory of Rubi coffee kiosks.
Feniks will invest around $1.5m to re-launch the Rubi Micro-Caf concept over the next two months and will collaborate with vending operators in the country for the installation of Rubi in retail stores, college campuse