Global payments and financial services technology solutions provider, Fiserv, has signed a definitive agreement to acquire BentoBox, a digital marketing and commerce platform provider that helps restaurants connect seamlessly with their guests.
BentoBox’s platform offers website design, online ordering, and marketing tools, which can help restaurants drive growth and engagement with customers by providing differentiated experiences. BentoBox was founded in 2013 and to date, it enables more than 7,500 restaurant concepts across 14,000 locations.
“Consumers today expect a consistent, seamless experience when engaging with restaurants both in-person and online,” said Fiserv’s President and Chief Executive Officer Frank Bisignano.
“The addition of BentoBox’s premier website capabilities to the business management solutions of Fiserv will strengthen our omnichannel platform, providing restaurants of all sizes and types with an integrated offering that delivers a customizable consumer experience. We look forward to welcoming the BentoBox team to Fiserv, as we build on our strategy to deliver blended digital and in-person customer experiences across channels that drive deeper engagement and increased loyalty for our clients.”
The acquisition will enable Fiserv to combine the BentoBox solution with the omnicommerce capabilities of Clover and drive increased operational efficiencies for some 200,000 restaurants that use Clover.
While the financial terms of the transaction were not disclosed, the transaction is subject to customary approvals and closing conditions. The deal is expected to close in the fourth quarter of 2021.