The Bank Slate


PNC buys PoS firm with restaurant focus

PNC Financial Services Group in Pittsburgh has acquired Linga, a point-of-sale firm that serves the restaurant industry.

The $540.8 billion-asset PNC said in a press release that the deal will help it better serve its hospitality and restaurant industry clients. The price was not disclosed.
The 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, head of PNC Treasury Management, said in the release.
“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,” Loftus added.
Linga, founded in 2004, serves clients in 48 countries.
Linga will retain its founder and CEO, Onur Haytac, its existing management team, and U.S. and Canada-based employees.

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