Newswire.ca | September 12, 2023
PayFacto Payments Inc., a POS software solutions and payments provider to the restaurant industry, is thrilled to announce its acquisition of NEOPOS Inc. ("NEOPOS"), the largest distributor and systems integrator of restaurant Point-of-Sale ("POS") solutions in Quebec. This strategic acquisition bolsters PayFacto's position in the Quebec POS market by adding experienced sales and distribution capabilities.
The acquisition of NEOPOS marks a significant milestone in PayFacto's ongoing growth and investment strategy in Quebec. The consolidation of PayFacto and NEOPOS' resources and expertise will enable targeted and enhanced responses to the specific needs of the Quebec restaurant community. PayFacto and NEOPOS' operations will continue as usual, ensuring a seamless transition for current and future clients.
PayFacto and NEOPOS have a [20+] year history of collaborating to develop and distribute POS software, including, PayFacto's Maitre'D and Veloce Software brands. Following its acquisition of NEOPOS, PayFacto will have more than 350 employees dedicated to supporting over 10,000 restaurateurs in Quebec including well-known restaurant chains and associations. NEOPOS' expertise in sales, distribution, integration, and post-sales support of restaurant POS software will enhance PayFacto's software and payments solutions by providing an all-in-one solution that will drive efficiencies and growth opportunities for restauranteurs.
"By joining forces with NEOPOS, we will drive enhanced growth opportunities and efficiencies for our restaurant clients and partners" stated by Martin Leroux, CEO of PayFacto. Luc Girard, President and CEO of NEOPOS, added, "We are excited to join the PayFacto team. Together, we are committed to redefining standards of excellence in the restaurant industry."
Flexpoint Ford, LLC ("Flexpoint"), PayFacto's existing financial sponsor, as well as members of management, invested additional capital to fund the transaction. "We remain excited about our partnership with Marty and the PayFacto team. We are pleased with PayFacto's growth and development across both its POS software and payments offerings. The acquisition of NEOPOS is a key element of our inorganic growth strategy and we look forward to supporting PayFacto's continued growth" said Arjun Thimmaya, Managing Director, and Vilas Nair, Principal, at Flexpoint.
Headquartered in Montréal with operations in Canada, the United States, and the United Kingdom, PayFacto is a provider of restaurant POS software and payment solutions. PayFacto's offerings include the Maitre'D and Veloce Software brands and VelPAY, a new, all-in-one integrated payment and POS solution. Recognized for its expertise, agility, and execution, PayFacto enables merchants of all shapes and sizes to take control of their POS software solutions and electronic transactions. With its own proprietary payment gateway and point-of-sale technology, PayFacto offers a unique suite of integrated payment and POS solutions supported locally through its extensive network of hundreds of distributors and resellers. For more information, visit payfacto.com.
NEOPOS provides implementation and maintenance of computerized systems, including point-of-sale (POS) solutions and secure wireless networks, addressing the diverse needs of its clients in the restaurant, bar, retail, and food sectors. By introducing mobility to various industries, NEOPOS offers innovative products that significantly enhance business performance. With over 30 years of experience, NEOPOS provides tailored systems and advanced technologies, derived from top-performing software, while delivering professional, personalized, and flexible service through its team of POS solutions professionals. The company emphasizes building lasting relationships and optimizing profitability for each client business.
PRWeb | September 14, 2023
Americor Financial, a leading provider of debt relief solutions , is proud to announce the launch of its state-of-the-art Customer Relationship Management (CRM) and Point of Sale (POS) software systems. These cutting-edge technologies mark a significant milestone in the company's commitment to enhancing customer experience and providing comprehensive debt relief solutions to our clients.
Path, the new CRM system, custom designed and built with the client at its core, elevates the way Americor interacts and engages with its clients through Path's web and mobile applications. Offering a robust and seamless interface, the CRM software streamlines communication, facilitates personalized assistance, and ensures that each client's journey towards financial freedom is smooth and well-guided.
Pathway, the new POS software, is also a proprietary custom built-software tool that empowers Americor's growing sales division and our affiliate partners to better serve our clients through more efficient transaction processing and data management. This technology optimizes the company's operational processes, from initial client consultations and throughout their customized debt relief program to completion, ensuring accuracy and promptness at every step.
"We are thrilled to introduce our innovative Path CRM and Pathway POS software systems, which represent a significant leap in our commitment to serving our clients with excellence," said David Norris, CEO of Americor. "These technologies will allow us to provide a tailored and streamlined experience to our clients, making their journey towards debt freedom and financial recovery smoother and more effective."
The key features and benefits of the new CRM and POS software include:
Personalized Client Interactions – The Path CRM system enables Americor to understand each client's unique debt situation, providing tailored advice and solutions for their financial challenges.
Effortless Enrollment – Through the Pathway POS software, clients can seamlessly enroll in Americor's debt relief program, eliminating unnecessary delays and paperwork.
Real-Time Progress Tracking – Clients can monitor their debt relief journey in real-time, on their computer, tablet, or mobile device – enhancing transparency and trust between Americor and its clients.
Advanced Data Security – The Path and Pathway systems both are equipped with top-tier security measures to ensure the confidentiality and privacy of client information.
By integrating these innovative technologies, Americor aims to further strengthen its position as a debt relief industry leader, known for its dedication to client success and continual technological advancement.
Americor is a next-generation Finance Technology (FinTech) company that uses a proprietary online platform designed to provide debt relief to its clients, allowing them to restructure their unsecured debt payments, pay only a fraction of the debt they owe, and become debt-free faster than they ever thought was possible. To learn more about Americor and how it helps its clients become debt-free, visit their website at americor.com.
Business Wire | October 12, 2023
ParTech, Inc., a global restaurant technology leader and pioneer of unified commerce for enterprise restaurants, today announced that it has been selected as the exclusive point of sale (POS) software and services provider, with Brink POS® and marketplace order management software, with MENU Link, for Burger King® traditional restaurants in North America. ParTech, Inc., is a wholly-owned subsidiary of PAR Technology Corporation.
PAR’s Brink POS is a next-gen POS software deployed in more than 21,000 restaurant locations to enable their growth. The cloud-native platform facilitates omni-channel ordering, kitchen management, restaurant operations, and analytics in a fully configurable system, all while maintaining a user-friendly design that optimizes operator experience and guest engagement. Brink POS’ robust APIs ensure that customers can quickly integrate their existing IT stacks with the new PAR system, ensuring rapid and low-friction rollouts.
PAR’s MENU Link technology is one component of the PAR MENU ecosystem for omnichannel ordering. MENU Link streamlines external order management into a single system across the largest delivery marketplaces by integrating third-party ordering platforms, thereby minimizing errors, increasing efficiency, and improving guest satisfaction.
About PAR Technology Corporation
For more than 40 years, PAR Technology Corporation’s cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PAR’s restaurant point-of-sale, loyalty and back-office software solutions as well as industry leading hardware and drive-thru offerings.
About Restaurant Brands International Inc.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 100 countries. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. To learn more about RBI, please visit the company's website at www.rbi.com.
Newswire | September 21, 2023
Founded in 2016, PayPad is a cloud-based, smart sales system designed exclusively for restaurants, hotels, and retail stores. PayPad expanded into the global market with a client base in the United Kingdom, Spain, the United States, and Türkiye. This strategic acquisition marks a significant milestone in HotelRunner's mission to offer a comprehensive, all-in-one solution with a specific focus on the hotels' on-premise sales and payments.
With its new and advanced identity, HotelRunner POS presents an effortless and effective way to run food and beverage operations, offering accommodation businesses a fresh avenue to enhance their revenue streams. Fully integrated with HotelRunner PMS, HotelRunner POS allows accommodations to manage their on-premise sales and payment operations with ease. Hoteliers can accept payments in multiple methods, analyze every aspect of their business, and take AI-driven, intelligent, and automated actions resulting in enhanced productivity and increased profitability. This development represents a momentous shift for HotelRunner as it delves into on-premise sales operations for the first time, highlighting its sales-first approach in the hospitality and travel technology landscape.
In January 2023, the company closed a successful Series A round and stated that the funds would be used to continue to build a solid global presence, grow the team, and invest heavily in delivering cutting-edge technology. Standing behind its commitment, over the past year, HotelRunner has achieved remarkable product launches, including Insights, Autopilot, and Review Center, all of which have been instrumental in advancing toward its goal of providing a holistic platform powered by innovative technology. This milestone marks the third acquisition in HotelRunner's ongoing acquisition spree aimed at consolidating the industry under its roof while proudly extending its offerings to serve the diverse needs of its partners.
Arden Agopyan, Founder and Managing Partner of HotelRunner, said, "Our strategic acquisition of PayPad and the birth of HotelRunner POS aren't merely about enhancing our product offerings; it's a bold leap toward our vision of building a bigger travel economy. As we welcome HotelRunner POS into our expansive ecosystem as a foundational part, we solidify our presence in the payments and sales verticals in travel and hospitality. We're proud to shape the path toward industry consolidation and usher in a transformative era, reinforcing our brand's legacy."
Ali Beklen, Founder and Managing Partner of HotelRunner, added, "With PayPad seamlessly integrated into the HotelRunner's unique market-network, we're spearheading a technology revolution that forms the cornerstone of a unified digital travel ecosystem. Beyond elevating the guest experience and optimizing operational efficiency for accommodations, this strategic move underscores the power of frictionless all-in-one platforms as the key to success. This acquisition unlocks a new untapped opportunity and sets a path to delivering unrivaled value and pioneering innovation for our partners."
Veysel Berk, the Founder of PayPad, also shared his thoughts on the acquisition: "HotelRunner is democratizing the use of technology for every player in the global ecosystem. As both teams share the same values, culture, and product principles, we are thrilled to join forces with HotelRunner and become part of its broad vision. PayPad, revamped as HotelRunner POS, will play a pivotal role in adding exponential value to properties worldwide, ushering in a new era of advanced sales solutions in travel and hospitality."
HotelRunner POS will be gradually rolled out worldwide to offer the best experience to all accommodation businesses, starting with existing HotelRunner partners. For more information, you can visit here.
HotelRunner is a data-driven SaaS-enabled unified sales, operations, and distribution management platform and B2B network for accommodations, travel agencies, and payment providers. HotelRunner has thousands of accommodation and travel agency partners globally. HotelRunner is a Booking.com Premier Connectivity Partner and Best Overall Performing Partner, Expedia Preferred Connectivity Partner, Airbnb Software Partner, Agoda Innovative Supplier, Oracle, Hotelbeds, trivago, and Google Hotel Ads strategic partner.