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Restaurant POS

HungerRush Announces the Acquisition of Menufy

HungerRush™, a leading cloud software provider for the restaurant industry  announced it has acquired Kansas-City based Menufy, an industry-leading online food ordering platform and network. The terms of the agreement were not disclosed.Since 2009, Menufy has been helping independently-owned restaurants drive both growth and profitability through a compelling online website and mobile app ordering experience designed around a restaurant’s brand. By adding Menufy to its portfolio, HungerRush intends to create immediate and long-term value for its now nearly 20,000 current and fast expanding base of restaurants in more than 3,000 cities across the United States.

This transaction is expected to deliver meaningful benefits to HungerRush and Menufy’s combined customers that will allow HungerRush to further expand its technology and market reach in the industry. Together, the two companies will build on the success of the HungerRush 360 cloud POS system and the Menufy suite of online food ordering functionalities.

With Menufy, HungerRush gains a fast-growing and established online ordering platform that scales quickly. Menufy offers swift onboarding of new restaurants that will now be able to take advantage of HungerRush’s extensive portfolio of integrated software and hardware products. In addition to having access to HungerRush’s cloud POS system, Menufy’s customers will have access to additional integrated cloud solutions including AI-driven text ordering, marketing and delivery.

“Today’s news to acquire Menufy further builds out our portfolio with the talent and technology capabilities to continue meeting the fast-growing needs of our restaurant customers,The addition of Menufy’s proven online ordering offerings further helps HungerRush’s customers navigate an ever-changing industry landscape. This is a time when restaurants are embracing innovation and digital solutions more than ever. This acquisition expands HungerRush’s market presence and allows us to offer our combined customers one place for a complete all-in-one solution.”

-Perry Turbes, HungerRush CEO

HungerRush will continue building the right solutions for its restaurants in all areas of the business, including omni- and cross-channel digital ordering, data driven restaurant management solutions, and machine learning-empowered ordering solutions. It will also focus on diverse payment and device options, better money management options, as well as tools that heighten personalized engagement with customers.

“HungerRush opens a multitude of doors for the Menufy team and our customers,By joining a company with an impressive roster of both technology offerings and restaurant customers, Menufy’s customers now have access to a holistic suite of solutions and deep industry expertise designed to strengthen restaurant operations and improve business outcomes. Together, HungerRush and Menufy will bring restaurateurs seamless mobile and online ordering capabilities, with the goal of ultimately empowering them to grow independently and rapidly.”

-Sharmil Desai, Menufy CEO

From independent owners to large multi-unit brands, HungerRush now provides one of the most complete systems to digitally enable fast-growing brands of any size.

About HungerRush
HungerRush is a leading provider of integrated restaurant solutions. HungerRush 360 is our flagship cloud POS system that makes it easier to delight guests, drive loyalty, and manage restaurants from anywhere. The all-in-one system integrates digital ordering, delivery, customer engagement, restaurant management, and payment processing features with flexible software designed to give operators of all sizes more insight into their customers, more control over their operations, and more power to profitably grow their business. Visit HungerRush.com.

About Menufy
Headquartered in the Kansas City area, Menufy began in 2009 as the brainchild of passionate restaurant operators and their tech-minded friends who couldn’t wait for their problems to be solved by someone else. Today, Menufy is a leading online ordering systems for restaurants with transparent pricing, supporting more than 12,000 independently owned restaurants and small chains in more than 3,000 U.S. cities. Visit Menufy.com.

About The CapStreet Group
Founded in 1990, CapStreet invests in lower middle market software, tech-enabled and industrial product, service and distribution companies. With over 45 platform investments since inception, CapStreet’s investment strategy is focused on utilizing its CapValue FrameworkTM to accelerate growth and profitability, and create long term sustainable businesses. The majority of CapStreet’s investments have been with family or entrepreneur owned businesses. For more information, visit The CapStreet Group website, www.capstreet.com.

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Ingenico | January 25, 2024

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Its application, built on Cybersource's platform is portable across different AXIUM devices, making it easier to scale without going through lengthy certification processes for each new device. Cybersource is part of Visa Acceptance Solutions, which allows on-demand pre-integrated global scale services on an open acceptance platform. This connectivity hub provides acquirers, Independent Service Providers (ISVs), and merchants access to the building blocks they need to create seamless commerce experiences that can scale their businesses, keep their customers happy, and make them future-ready. The synergy between Ingenico and Cybersource aims to reduce costs and complexities of technical integrations, increase speed to market, and provide omni-channel capabilities that align with the evolving needs of both businesses and consumers in the in-store commerce space. Today, acquirers spend most of their resources maintaining an in-house platform that processes transaction authorization flow and POS device certification. The unified commerce solution eliminates the need for a separate platform which enables acquirers to focus on card clearance and settlement with real-time transaction visibility and data analytics. It also allows them to expand to new merchant segments by leveraging both partners' ecosystems and investing in capabilities that will drive growth in the future. For ISVs providing value-added services, the API-driven capability of this unified commerce platform provides them the ease of integrating payment solutions into their business applications quickly. They can also leverage a list of acquirers already integrated with the platform, extending scalability of their business across different geographies. 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Dan Parsons, Head of Cybersource, Asia Pacific, said: "As an open payments platform with global reach, we have created a new era of partnership and collaboration that will foster a whole new wave of innovation. Our strategic partnership with Ingenico will enable us to provide pre-integrated and innovative payment solutions to our clients and partners. This will empower businesses to deliver a unified commerce experience to meet evolving consumer expectations while enabling them to scale their business more efficiently." This strategic partnership will further extend to Ingenico's Tap-to-Phone technology with Cybersource integration, enabling new payment use cases. Together, we are looking to create the payment experiences of tomorrow, where clients and partners can enjoy frictionless experiences with the most innovative payment solutions. About Cybersource At Cybersource, we know payments. We helped kick start the eCommerce revolution in 1994 and haven't looked back since. Through global reach, modern capabilities, and commerce insights, we create flexible, creative commerce solutions for everyday life - experiences that delight your customers and spur growth globally. All through the ease and simplicity of one digital platform to manage all your payment types, fraud strategies, and more. For more information, please visit cybersource.com. About Ingenico Ingenico is the global leader in payment acceptance and services. We support our customers, and their customers to do more with payments. Active in 37 countries, with over 3,500 employees we have been at the forefront of the commerce landscape for over four decades. With more than 40 million payment devices deployed worldwide, powered by over 2,500 apps, the company is servicing the needs of millions of consumers everyday. Through our advanced integrated solutions and network of partnerships, we simplify the world of payments and bring value add services to move commerce forward.

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