What Itos Technology does

ITOS Technology, S.L. is a privately held Spanish company founded in 2003 and headquartered in Villaviciosa de Odón (Madrid), specializing in the design, development, and distribution of integrated hardware and software solutions for payment terminals and Automatic Identification and Data Capture (AIDC) devices. The company's payment portfolio spans Smart POS terminals (CM5-X, CM35, CM35S, CM36, CM62), Mini POS, countertop devices, unattended payment terminals (IN20), and PIN pads, while its AIDC portfolio includes rugged Android smart handhelds (IC-51R, IC-58, IC-59 series), scanners, RFID readers, kiosks, and mobile printers. All major products carry PCI PTS POI 6.x, EMV Level 1 & 2, ATEX, and IP54-IP68 certifications, and are GMS-certified for Android compatibility.

The company monetizes through per-unit hardware sales of payment terminals and AIDC devices to enterprise customers, complemented by recurring software revenue from the Cronos MDM platform (a cloud-based mobile device management solution with Multiagent AI capabilities launched in 2020 and enhanced in 2025), professional and technical support services, and bespoke hardware development for specific vertical requirements (e.g., the bonArea custom IC-58). Go-to-market combines direct enterprise field sales targeting financial institutions, transport operators, retail chains, and logistics companies with a channel partner network of mobility application developers and regional distributors across Europe, Latin America, and emerging markets. Named enterprise customers include Alsea, Abanca, Alsa, Renfe, Iryo, Indra, Telefonica, Sabadell, Air Europa, Grupo Avanza, Globalia, Moventia, bonArea, Eysa, and Prosegur.

The company is independently owned with no disclosed parent, venture capital, or institutional investors, and operates with a headcount in the 11-50 range. Its strategic positioning is built on 20+ years of accumulated R&D expertise, a broad certification portfolio that creates a regulatory barrier to entry, custom hardware development capabilities, and integrated software (Cronos MDM) that enables fleet management of its installed payment-terminal base. The company has historically participated in major industry trade shows (LogiMAT, EuroShop) and pursues geographic expansion through partner channels across 6 continents.

Name

Itos Technology

Legal name

ITOS TECHNOLOGY, S.L.

Website

https://itos.es

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

ITOS Technology is a Spanish hardware and software company that designs and distributes certified payment terminals (Smart POS, unattended, PIN pads) and rugged AIDC devices (Android handhelds, scanners, RFID readers) for enterprise customers in retail, hospitality, transportation, logistics, banking, and public sector across Europe, Latin America, and emerging markets.

Ownership category

akta.pro rank

Product category

Payment Terminals and AIDC Devices

NAICS

Other Communications Equipment Manufacturing (334290), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Computer Communications Equipment (3576)

akta.pro primary industry

Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB)

akta.pro secondary industries

POS Terminal Hardware (Countertop, Mobile, PIN Pads) (FSAMADAA), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), End-User Device Management (UEM/MDM, Desktop/Laptop/Tablet) (BPAEAIAB), Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)

Keywords

• Payment terminals
• POS hardware
• AIDC devices
• Rugged handheld computers
• Mobile device management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Payment Terminal Hardware Sales: Sale of payment terminal devices including Smart POS (CM5-X, CM35, CM35S, CM36, CM62), countertop, mini POS, unattended payment terminals (IN20), and PIN Pads to retailers, hospitality businesses, transport operators, and financial institutions. Revenue is generated on a per-unit basis.
2. AIDC / Auto ID Hardware Sales: Sale of automatic identification and data capture devices including smart handhelds (IC-51R, IC-58, IC-59 series), scanners, RFID readers, kiosks, and mobile printers to logistics, retail, transportation, and public sector organizations.
3. Cronos MDM Software/SaaS: Subscription or recurring revenue from the Cronos MDM (Mobile Device Management) platform for remote monitoring and management of terminal fleets. The platform combines conversational AI, remote execution, advanced analytics, and real-time prediction for financial entities and enterprise groups managing large terminal parks.
4. Technical Support and Services: Technical support services including remote device management, software updates, technical advisory, and integration support. Described as providing accompaniment to customers post-purchase.
5. Custom Hardware Development: Bespoke hardware development and integration services, such as the custom IC-58 development for bonArea with integrated HF/UHF RFID and barcode scanning capabilities.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Itos Technology designs, develops, manufactures, and distributes integrated hardware, firmware, and software solutions for payment terminals (Smart POS, mini POS, countertop, unattended payment terminals, and PIN pads) and Automatic Identification and Data Capture (AIDC) devices (rugged smart handhelds, scanners, RFID readers, validators, and mobile printers). The company complements these devices with its proprietary Cronos MDM cloud-based Mobile Device Management platform, featuring Multiagent AI for remote monitoring, configuration, and predictive analytics of Android terminal fleets, and the Lock&Load smart charging cabinet for logistics device management.

Product overview

ITOS Technology offers a comprehensive portfolio of hardware, firmware, and software solutions for payments and automatic data identification (Auto ID). The product range centers on two main categories: payment terminals (Smart POS, Mini POS, Countertop, Unattended Payments, and PIN Pads including models CM36, CM35S, CM62, CM5-X, CM35, IN20) and Auto ID devices (Smart Handhelds, Scanners, RFID Readers, Mobile Printers including IC-59, IC-58, IC-51R series, ST series, IWPP series). These products are complemented by software solutions including Cronos MDM (a cloud-based device management platform with Multiagent AI) and Lock&Load (smart charging cabinet for logistics). All solutions are designed to integrate with enterprise management ecosystems across retail, hospitality, logistics, transportation, and public sector industries.

Differentiator

Problem solved

Functional benefit

Products and services

• CM5-X Smart POS Terminal

Quantifiable outcome

• bonArea reduced logistics process complexity and improved operational efficiency with a custom IC-58 solution integrating HF RFID, UHF RFID, and 2D barcode reading in a single compact terminal, approved as the only terminal for their work environments.
• +2 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature15 records

Partnerships

Six partnerships are on record, tiered core.

• bonAreacoreStrategic or Co-development Partner · 1 January 2021ITOS and bonArea formed a strategic co-development partnership beginning in 2021 to create a custom HF/UHF RFID terminal based on the IC-58 handheld. The collaboration produced a tailored device meeting bonArea's specific requirements for compact, robust design with integrated RFID reading and barcode scanning. The IC-58 is now the sole approved terminal for bonArea's operations, and the partnership continues to expand with new device variants (IC-58U) and accessories (IW-40ER bluetooth readers).
• BBVAcoreStrategic or Co-development Partner · 1 January 2011BBVA partnered with ITOS Technology and Telefonica Soluciones in 2011 to deploy the EMV Mobile Payment POS solution for PDAs, marking an early enterprise banking deployment of ITOS's payment technology.
• RedsyscoreTechnology or Integration · 1 January 2008Redsys is the Spanish payment processor through which ITOS terminals are certified and connected. ITOS achieved Redsys certification for its Pinpad MPED-400 and Pagomovil EMV POS in 2008, enabling its terminals to process payments through the Redsys payment gateway in Spain.
• Telefonica Moviles (Telefonica)coreStrategic or Co-development Partner · 1 January 2004Telefonica Moviles collaborated with ITOS in 2004 to develop the PP-55 multifunction terminal combining mobile printer, card readers, barcode reader, GPS, GPRS, and SAM modules for PDAs. Telefonica Soluciones also partnered with ITOS in 2011 to develop the EMV Mobile Payment POS solution for PDAs with Pinpad MPED-400 for BBVA. This long-standing relationship has been central to ITOS's product development trajectory.
• Mobility Application Development PartnerscoreChannel Partner/ Reseller/ DistributorITOS has developed a network of partners formed by the leading companies in the development of mobility applications, who integrate ITOS devices and software components distributed by ITOS in their solutions, bringing more value to their customers. This partner network is a core go-to-market channel.
• Mastercard (TQM)coreTechnology or IntegrationMastercard's Terminal Quality Management (TQM) program provides the framework under which ITOS operates its Configuration Management System, integrated with ISO 9001. This is a compliance and quality framework partnership rather than a commercial partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Ingenico (Nexi Group): European-based POS terminal leader (now part of Nexi) offering a comparable portfolio of PCI-certified payment terminals and terminal management software. Directly competes with ITOS in the European retail, hospitality, and transport verticals, particularly in Spain and France.
• Zebra Technologies: Global leader in enterprise rugged handhelds, barcode scanners, RFID readers, and mobile computing. Directly comparable to ITOS's IC-51R/IC-58/IC-59 AIDC handheld portfolio for logistics, warehousing, and retail use cases.
• Verifone: One of the largest global POS terminal incumbents, offering countertop, mobile, and unattended payment terminals plus terminal management software. Overlaps with ITOS across Smart POS, unattended, and PIN pad categories, but at much larger scale and broader geographic coverage.
• Honeywell (Sensing & Productivity Solutions): Major manufacturer of rugged mobile computers, barcode scanners, and RFID readers for logistics, retail, and transportation. Overlaps with ITOS's Auto ID handhelds, scanners, and RFID product lines, particularly for warehouse and field operations.

Direct peers

• BBPOS: Hong Kong-based mPOS and mobile payment terminal specialist focused on Android and iOS Bluetooth-connected card readers and PIN pads. Directly comparable to ITOS's MPED-400 Bluetooth Pinpad and CM5-X/CM62 mini/mobile POS offerings.
• PAX Global Technology: Hong Kong-listed manufacturer of payment terminals (SmartPOS, mPOS, countertop, unattended, PIN pads) with Android-based product lines directly comparable to ITOS's payment hardware portfolio. Both serve global acquirers, banks, and retailers with PCI/EMV-certified Android terminals.
• Castles Technology: Taiwanese payment terminal manufacturer offering SmartPOS, unattended, and PCI-certified Android terminals. Competes with ITOS in the same mid-market enterprise and unattended payment segments globally.
• Newland Payment Technology: Chinese manufacturer of Android SmartPOS, mPOS, and unattended terminals with strong presence in emerging markets. Comparable to ITOS in product mix and emerging-market focus, though at larger scale and broader geographic reach.
• Datalogic: Italian-headquartered specialist in barcode scanners, mobile computers, and RFID readers for retail, logistics, and manufacturing. Comparable to ITOS's AIDC handhelds, scanners, and RFID reader portfolio, with similar European focus.

Emerging players

• SOTI: Enterprise mobility management (MDM/EMM) platform provider for managing fleets of rugged and payment devices. Directly comparable to ITOS's Cronos MDM in the device-management layer, though SOTI operates as a software-only vendor across broader enterprise mobility use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInes.linkedin.com/company/itos-technology
• Xx.com/info_itos
• Facebookfacebook.com/itos.es

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Itos Technology