Linga offers a cloud-based, platform-as-a-service solution for restaurateurs, retailers, and others in the hospitality industry, and its acquisition is expected to further expand PNC’s digital resources and enhance its capabilities
US-based bank holding company PNC Financial Services has acquired the point of sale (POS) and payments solutions firm Linga, for an undisclosed sum.
Established in 2004, Linga offers a cloud-based, platform-as-a-service solution for restaurateurs, retailers, and others in the hospitality industry.
PNC said that the acquisition will further expand its digital resources and enhance its capabilities to serve its hospitality and restaurant industry clients.
Linga will continue to operate under the leadership of its founder and CEO Onur Haytac, without any changes to its existing management team, and employees.
Linga founder and CEO Onur Haytac said: “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.
“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.”
Linga has developed Linga rOS, its restaurant operating system, which is the first all-in-one, cloud-based operating system in the marketplace.
The company upgraded the OS with new functionalities, including online ordering, payments, QR code-based menus, and virtual kiosks, among others.
Linga currently serves clients in 48 countries and, will be easily integrated into its existing digital solutions ecosystem, said PNC.
PNC is a large-scale, diversified financial services institution in the US, delivering retail and business banking services, and a full range of lending products.
The company offers corporate banking, real estate finance and asset-based lending, along with wealth management and asset management services.
PNC Treasury Management executive vice president and head Emma Loftus said: “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.
“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.”