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Toshiba Tec has purchased a twelve percent stake in Australian firm Yeahpoint, which works within the digital self-service market. Yeahpoint states that it plans to leverage the extensive network managed by Toshiba Tec – a branch of Toshiba that specialises in digital products including POS systems for the retail industry – as a means to deploy greater numbers of self-service solutions.

Toshiba Tec Singapore's president and chief executive Takeshi Hiyoshi comments: "Yeahpoint is an extremely driven organisation that has had incredible success already and now, by combining both our companies' strengths, we are looking to dominate the global self-service sector."

The two companies explain that they hope to target sectors such as healthcare, government, retail and financial services. Toshiba Tec adds that it expects Yeahpoint's solutions to increase the value of its world-wide operations.

"We have potentially unlimited resources to change the way people do business and interact globally," states John Anderson, Yeahpoint's chief executive. "We have big plans in store."