The PNC Financial Services Group, a diversified financial services company, recently purchased Linga, a point of sale (POS) and payments solutions company.
Linga developed a cloud-based, POS restaurant operating system in the early 2000s to help clients increase revenue, streamline operations, and improve the customer experience. It has added functionalities over the years including virtual kiosks, QR code-based menus, online ordering, and payments. The company serves retailers, restaurateurs, and the hospitality industry.
The purchase allows PNC to further expand its digital resources and better serve its hospitality and restaurant industry 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, PNC Treasury Management head and executive vice president, 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.”
Onur Haytac, Linga founder and CEO, the Linga management team, and its U.S. and Canada-based employees will become part of PNC’s digital solutions ecosystem.
Linga will continue to operate out of Naples, Fla., and Toronto.