Shift4 Payments recently announced the acquisition of industry-leading point-of-sale (POS) brands Restaurant Manager, POSitouch, and Future POS. The acquisition of these major companies, as well as their subsequent integration into the Shift4 Payments platform, is sure to transform the landscape within the entire financial technology industry. These acquisitions represent a significant share of the hospitality POS market and join Harbortouch in the Shift4 family of POS brands. These best-in-class POS companies add nearly 100,000 merchants to the Shift4 Payments platform, including some of the biggest national chain restaurants such as Wendy’s, Arby’s, Denny’s, KFC, Outback Steakhouse, Bonefish Grill, and Dairy Queen.
Founded in 1985, POSitouch is based in Warwick, RI and their premium restaurant POS software has been installed in over 50,000 locations throughout the U.S., Canada, South America, Europe, and the Far East. Their client base includes many notable national chain accounts such as Outback Steakhouse, Bonefish Grill, Houlihan’s, and many others.
Restaurant Manager has been designing POS software for the foodservice industry since 1987. The company has supported over 15,000 hospitality clients across the world, with customers in the U.S., Canada, Mexico, South America, Asia, the Middle East, and a number of European countries.
Founded in 1998, Future POS offers innovative point-of-sale software for the restaurant and hospitality markets. The company has served more than 20,000 merchants across the country, including some of the most well-known restaurant and fast casual brands such as Wendy’s, Arby’s, KFC, Dairy Queen, Denny’s, and many more.
Each of these four POS brands will continue to pioneer new technology, evolve their product offerings, and compete independently in the marketplace. Shift4 Payments will provide shared resources, including secure payment processing services, and ultimately deliver synergies that will strengthen and empower every component of the network.
Shift4 Payments CEO Jared Isaacman states, “When POS technology and payments are intelligently combined, the value proposition can be quite compelling. Our considerable experience has given us the confidence to bring together the leading brands in hospitality point-of-sale technology in a move that is truly transformational for our organization and for the industry as a whole.”
About Shift4 Payments
Shift4 Payments is the leader in secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail, and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners, and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100B in payments each year. For more information, visit www.shift4.com.
SOURCE: Shift4 Payments