PNC Financial Services Group acquired Linga, a point of sale and payments solutions firm providing a cloud-based restaurant operating system. This acquistion will further expand PNC’s digital resources and enhance the bank’s capabilities to better serve its hospitality and restaurant industry clients.
Linga will retain its founder and CEO, Onur Haytac, its existing management team and U.S. and Canada-based employees, and will continue to operate out of Naples, FL and Toronto, CA. Linga will continue to manage its portfolio of channel partners and clients.
“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,” Emma Loftus, executive vice president and head of treasury management at PNC, said. “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.”
Linga is a 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. The company currently serves clients in 48 countries and 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 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.”