PNC acquires Linga | citybiz

PNC Financial Services Group, Inc.. (NYSE: PNC) today announced that it has acquired the Linga, a point-of-sale (POS) and payment solutions company providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC’s digital assets and enhance the bank’s capabilities to better serve its customers in the hospitality industry.

“This acquisition reflects our continued commitment to expanding our enterprise payments capabilities, as well as investing in the solutions and tools our customers need to run their businesses more efficiently,” said Emma Loftus, executive vice president and head of cash management at PNC. “By leveraging Linga’s proprietary solutions and PNC’s competitive cash management platform, we will be able to provide our restaurant and retail customers with the tools they need to meet evolving consumer expectations. . »

Founded in 2004, Linga developed its restaurant operating system, Linga rOS®, which was the first cloud-based all-in-one operating system introduced to the market. Today, Linga remains a leading supplier to the hospitality industry, providing restaurateurs, retailers and others with a way to leverage technology to streamline operations, increase revenue and improve guest experience. Over the years, Linga has added new features to its operating system to meet the needs of today’s business owners, including online ordering, payments, QR code-based menus, and virtual kiosks, among others. The company currently serves customers in 48 countries and, effective immediately, it will be seamlessly 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 customers, and to do so with a company that shares our vision of delivering innovative solutions and high quality,” said Onur Haytac, founder and CEO of Linga. “As we have worked with PNC for the past few years, we have had incredible success with our combined payment capabilities and we look forward to continuing this strategic collaboration as we move forward together.”

Linga will retain its founder and CEO, Onur Haytacits existing management team, and the United States and Canada-based employees, and will continue to operate from Naples, Florida.and Toronto. Linga will continue to manage its portfolio of distribution partners and customers.

About Linga

Linga is a leading point-of-sale (POS) and payment solutions company that offers a cloud-based platform-as-a-service solution for the hospitality industry, especially restaurants. Founded in 2004, Linga was the first cloud-based, processor-independent POS system designed specifically for the hospitality industry, and remains one of the most sophisticated restaurant operating systems on the market. The Linga cloud-based platform is fully customizable and includes user-friendly features such as online ordering, payments, QR code-based menus, and virtual kiosks, among others. To learn more, visit www.lingaros.com.

About PNC

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and a local offering of personal and business banking services, including a full range of lending products; specialized services for businesses and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For more information about PNC, visit www.pnc.com.

Comments are closed.