PNC Buys Restaurant POS Firm Linga

PNC, acquisition, Linga POS, hospitality

The PNC Financial Services Group is acquiring Linga, a point of sale (POS) solutions firm, to further its expansion of corporate payments capabilities while enhancing its ability to serve hospitality and restaurant industry clients.

Founded in 2004 and serving clients in 48 countries, Linga provides an all-in-one cloud-based restaurant operating system with integrated POS and payments solutions, according to a press release Monday (Sept. 26). Financial terms were not disclosed.

“This acquisition reflects our continued commitment to expanding our corporate payments capabilities, as well as investing in the solutions and tools our clients need to run their businesses more effectively,” said Emma Loftus, executive vice president and head of PNC Treasury Management. 

See also: US Bank’s Elavon Adds POS Platform That Handles Payments, Analytics 

“Leveraging Linga’s proprietary solutions and PNC’s competitive treasury management platform, we will be able to provide our restaurant and retail clients with the tools they need to keep up with ever-changing consumer expectations,” Loftus said.

Linga recently added new capabilities including online ordering, payments, QR code-based menus and virtual kiosks, per the release. The company and all of its services and technologies will totally be integrated into PNC’s existing digital solutions ecosystem.

“We believe this is an exciting opportunity to continue to grow our business and support our existing channel partners and clients, and to do so with a company that shares our vision of delivering innovative and high-quality solutions,” said Onur Haytac, founder and CEO of Linga. 

Read more: JPMorgan Payments’ Renovite Acquisition Aimed at Boosting Connected Commerce

“As we’ve worked with PNC over the last several years, we’ve had incredible success with our combined payments capabilities and we look forward to continuing this strategic collaboration as we move forward together,” Haytac added.

Haytac will stay on board under PNC’s leadership and Linga will retain its existing management team. U.S. employees will continue operating out of Naples, Florida, and Canadian workers will remain employees in Toronto.

Linga also will continue to manage its portfolio of channel partners and clients, according to the release.