PNC Financial Services Group Inc. has acquired Naples-based Linga, a point-of-sale and payments solutions firm providing an industry-leading, cloud-based restaurant operating system, Pittsburgh-based PNC announced Monday.
The acquisition of Linga and its technology will expand PNC’s digital resources and enhance the bank’s capabilities to better serve its hospitality and restaurant industry clients, according to a news release from the bank holding company and financial services corporation.
Linga will retain its founder and CEO, Onur Haytac, as well as its existing management team and U.S. and Canada-based employees and will continue to operate out of Naples and Toronto, Canada. Linga will continue to manage its portfolio of channel partners and clients.
“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,” Haytac said. “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.”
Founded in 2004, Linga developed its restaurant operating system, Linga rOS, which was the first all-in-one, cloud-based operating system introduced to the marketplace. Today, Linga remains an industry-leading provider across the hospitality industry, offering restaurateurs, retailers, and others a way to leverage technology to streamline their operations, increase revenue and improve customer experiences. Throughout the years, Linga has added new functionalities to its operating system to support the needs of today’s business owners, including online ordering, payments, QR code-based menus and virtual kiosks, among others. The company, which serves clients in 48 countries, will be seamlessly integrated into PNC’s existing digital solutions ecosystem.
“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. “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.”