PITTSBURGH, Sept. 26,
2022 /PRNewswire/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) today announced it has acquired Linga, a
point of sale (POS) and payments solutions firm providing an
industry-leading, cloud-based restaurant operating system. The
acquisition of Linga and its technology will further expand PNC's
digital resources and enhance the bank's capabilities to 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," 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."
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. Over the years, Linga has
added new functionalities to its operating system to support the
needs of today's business owner, including online ordering,
payments, QR code-based menus, and virtual kiosks, among others.
The company currently serves clients in 48 countries and as of
today, 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," said Onur Haytac, founder and CEO of Linga. "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 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, Fla., and Toronto. Linga will continue to manage its
portfolio of channel partners and clients.
About Linga
Linga is an industry-leading point of sale (POS) and payments
solutions company offering a cloud-based, platform-as-a-service
solution for the hospitality industry, specifically restaurants.
Founded in 2004, Linga was the first processor agnostic,
cloud-based POS system designed specifically for the hospitality
industry, and remains one of the most sophisticated restaurant
operating systems on the market. The Linga cloud-based platform is
completely customizable and includes user-friendly functionalities
such as online ordering, payments, QR code-based menus and virtual
kiosks, among others. To learn more, visit www.lingaros.com.
About PNC
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
MEDIA
Whitney
Wilson
(214) 871-1209
whitney.wilson@pnc.com
INVESTORS
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/pnc-announces-acquisition-of-point-of-sale-and-payments-solutions-firm-linga-301632990.html
SOURCE The PNC Financial Services Group, Inc.