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PNC ANNOUNCES ACQUISITION OF POINT OF SALE AND PAYMENTS SOLUTIONS FIRM, LINGA

PNC ANNOUNCES ACQUISITION OF POINT OF SALE AND PAYMENTS SOLUTIONS FIRM, LINGA

PITTSBURGH, Sept. 26, 2022 /PRNewswire/ — The PNC Monetary Providers Group, Inc. ( NYSE: PNC) at present introduced it has acquired Linga, some extent of sale (POS) and funds options agency offering an industry-leading, cloud-based restaurant working system. The acquisition of Linga and its expertise will additional increase PNC’s digital sources and improve the financial institution’s capabilities to higher serve its hospitality and restaurant {industry} purchasers.

“This acquisition displays our continued dedication to increasing our company funds capabilities, in addition to investing within the options and instruments our purchasers have to run their companies extra successfully,” mentioned Emma Loftus, government vp and head of PNC Treasury Administration. “Leveraging Linga’s proprietary options and PNC’s aggressive treasury administration platform, we can present our restaurant and retail purchasers with the instruments they should sustain with ever-changing client expectations.”

Based in 2004, Linga developed its restaurant working system, Linga rOS®, which was the primary all-in-one, cloud-based working system launched to {the marketplace}. Right this moment, Linga stays an industry-leading supplier throughout the hospitality {industry}, providing restaurateurs, retailers and others a strategy to leverage expertise to streamline their operations, improve income and enhance buyer experiences. Through the years, Linga has added new functionalities to its working system to assist the wants of at present’s enterprise proprietor, together with on-line ordering, funds, QR code-based menus, and digital kiosks, amongst others. The corporate presently serves purchasers in 48 nations and as of at present, will likely be seamlessly built-in into PNC’s present digital options ecosystem.

“We imagine that is an thrilling alternative to proceed to develop our enterprise and assist our present channel companions and purchasers, and to take action with an organization that shares our imaginative and prescient of delivering revolutionary and high-quality options,” mentioned Onur Haytac, founder and CEO of Linga. “As we have labored with PNC over the past a number of years, we have had unimaginable success with our mixed funds capabilities and we look ahead to persevering with this strategic collaboration as we transfer ahead collectively.”

Linga will retain its founder and CEO, Onur Haytac, its present administration group, and U.S. and Canada-based workers, and can proceed to function out of Naples, Fla., and Toronto. Linga will proceed to handle its portfolio of channel companions and purchasers.

About Linga

Linga is an industry-leading level of sale (POS) and funds options firm providing a cloud-based, platform-as-a-service resolution for the hospitality {industry}, particularly eating places. Based in 2004, Linga was the primary processor agnostic, cloud-based POS system designed particularly for the hospitality {industry}, and stays one of the subtle restaurant working methods available on the market. The Linga cloud-based platform is totally customizable and consists of user-friendly functionalities resembling on-line ordering, funds, QR code-based menus and digital kiosks, amongst others. To be taught extra, go to www.lingaros.com.   

About PNC

The PNC Monetary Providers Group, Inc. is among the largest diversified monetary providers establishments in the USA, organized round its clients and communities for sturdy relationships and native supply of retail and enterprise banking together with a full vary of lending merchandise; specialised providers for companies and authorities entities, together with company banking, actual property finance and asset-based lending; wealth administration and asset administration. For details about PNC, go to www.pnc.com.

MEDIA
Whitney Wilson
(214) 871-1209
[email protected] 

INVESTORS
Bryan Gill
(412) 768-4143
[email protected]

SOURCE The PNC Monetary Providers Group, Inc.

PNC ANNOUNCES ACQUISITION OF POINT OF SALE AND PAYMENTS SOLUTIONS FIRM, LINGA