Vianet Group PLC, a Stockton-on-Tees, U.K.-based technology provider monitoring over 30,000 vending machines across Europe, has secured £5.4 million ($6.62 million) in funding from HSBC UK to expand further into Europe as well as the U.S. and India, according to a press release.

The company also provides beverage management to bars and recently acquired Beverage Metrics, a U.S.-based company.

Vianet Group has installed its beverage management solution in 10,000 hospitality businesses across the U.K., Europe and the U.S.

The platform provides operators with telemetry, connectivity, payment, management software and energy-saving solutions to reduce carbon footprint.

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