Ex-Tesco boss Leahy leads $5m investment in free social wifi for retailers
The importance of retailers offering customer free wifi has been underlined by a $5million investment led by notable retail luminaries as Sir Terry Leahy, Bill Currie, Iain MacDonald and Bob Willett from the William Currie Group with participation from Juno Capital a leading Angel Syndicate in social wifi company Purple Wifi
Purple WiFi have also appointed new board members as part of the process, including: Sir Terry Leahy, former Tesco CEO who took the retailer from the third largest in the UK to the third largest retailer in the world, launching the Clubcard during his tenure; and Ian Kelly, Serial Entrepreneur in Telecoms, Energy and other markets.
Purple WiFi allows users to gain free access to a public WiFi network through their existing social media accounts or a short form. The user gets access to family friendly WiFi, while the benefit to the business hosting the service (such as a restaurant, hotel, shop, museum, sports stadium or shopping mall) is that they are rewarded with valuable analytic insights into the profiles and movements of their customers and a sophisticated built-in marketing platform.
The large scale investment interest from both the retail and telecoms sectors demonstrates a recognition of the value and potential for WiFi in these verticals; incorporating the future of shopping, showrooming and enhancing customer experiences in-store for retail, and telecoms recognising the need for valid data offload solutions.