NEW YORK, March 2, 2021 /PRNewswire/ -- Wix (Nasdaq:
WIX), a leading global SaaS platform to create, manage and grow an
online presence, today announced the acquisition of Miami-based ordering technology provider
SpeedETab. The acquisition will further enhance Wix Restaurants,
the solution to create and manage a full-service restaurant
platform, by delivering a complete online experience for restaurant
owners and ensuring their online success.
Wix Restaurants is an all-in-one professional solution which
allows restaurant owners to create an online and mobile presence,
provide menus, take online orders and reservations, and receive
payments. Over the past year, Wix Restaurants' global user base
grew dramatically as restaurants needed to quickly move their
services online and provide ordering, delivery, and pickup options.
Wix Restaurants has continued to progress to meet these new and
increasing demands.
In the last two years alone, Wix Restaurants' monthly new
sign-ups grew from hundreds to tens of thousands. Overall, the
number of restaurants selling online grew by 143%, the number of
online orders grew by 378% and the GPV grew by 449%. This propelled
growth further establishes Wix Restaurants as the leading
professional online solution for restaurants.
The SpeedETab acquisition will enable Wix Restaurants to
integrate with various industry-leading restaurant POS systems,
allowing restaurant owners to seamlessly manage all online and
offline orders in one place. In addition, those owners will be able
to easily manage orders from multiple channels in a unified
experience, including orders coming from their website, as well as
directly connect with several leading online marketplace channels
and delivery partners. The solution will help restaurants expand
and streamline orders and delivery to better serve
customers.
"It's more vital now than ever for restaurant owners, from
small, local, and family-run, to fine dining and multi-locations to
optimize their services with a strong, reliable online presence,"
said Ronny Elkayam, SVP Strategic
Products at Wix. "We're excited to bring the online expertise of
SpeedETab to join our mission of providing the best online platform
for restaurants. Wix Restaurants is already the leading industry
solution, and now our combined platform will provide a high value
product for the new era of the restaurant industry."
SpeedETab, a leading ordering and payment technology provider
for the restaurant industry, provides users with an end-to-end
online and mobile ordering solution. Founded in 2013, SpeedETab
partners with multiple providers in the restaurant ecosystem to
improve the experience for diners and drive revenue growth for
restaurant owners. Internally, all SpeedETab employees will become
Wix team members.
"We are thrilled to join the Wix Restaurants team and provide an
amazing solution for restaurants around the world," said Adam
Garfield CEO of SpeedETab. "Since inception, SpeedETab has been
focused on empowering restaurants to increase revenue, engage with
their customers, and provide a superior guest experience. As part
of Wix Restaurants, we look forward to making it easier than ever
for any restaurant to have all the digital tools they need to
succeed in one place."
About Wix.com, Ltd
Wix is leading the way with a
cloud-based website development platform for over 200 million
registered users worldwide today. The Wix website builder was
founded on the belief that the Internet should be accessible to
everyone to develop, create and contribute. Through free and
premium subscriptions, Wix empowers millions of businesses,
organizations, artists, and individuals to take their businesses,
brands and workflow online. The Wix Editor, Wix ADI, Editor X, a
curated App Market, Ascend by Wix
and Velo by Wix enable users to build and manage a fully integrated
and dynamic digital presence. Wix's headquarters are in
Tel Aviv with offices in
Austin, Be'er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev,
Los Angeles, Miami, New
York, San Francisco, São
Paulo, Tokyo and
Vilnius.
Learn more at Wix.com in our Press Room and our
Investor Relations site
Visit us on our blog, Facebook, Twitter, Instagram, LinkedIn, and
Pinterest
Download the Wix App, available for
free on Google Play and in the App
Store
Media Relations Contact:
PR@wix.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/wix-acquires-speedetab-to-strengthen-wix-restaurant-capabilities-301238269.html
SOURCE Wix.com Ltd.