Moneris acquires online restaurant ordering solutions provider UEAT
Quebec City-based UEAT will become a wholly owned subsidiary of Moneris.
Canadian financial technology company Moneris Solutions Corp. has acquired UEAT, a Quebec-based provider of online ordering solutions for restaurateurs, for an undisclosed amount.
“By combining Moneris’ suite of digital offerings with UEAT’s online ordering solutions, restaurateurs will be able to easily engage in omni-channel ordering and sales, optimize capacity, access customer data, address the current labour shortage, and increase the overall lifetime value of repeat customers,” Moneris officials said in an Oct. 6 news release.
Prior to the acquisition, Toronto-based Moneris was the “preferred payment processor” for UEAT’s customers in Canada, Moneris said, which makes the acquisition “a natural fit and evolution of the ongoing relationship.”
“The food service industry has changed dramatically over the past few years,” said Angela Brown, president and CEO, Moneris. “Omni-channel ordering and sales is a must have feature for these businesses and Moneris’ acquisition of UEAT furthers our commitment to delivering innovative, digital-first solutions to our merchants. We’re excited to welcome UEAT to the Moneris family and work with them to deliver market-leading solutions for restaurateurs across Canada and globally.”
UEAT will become a subsidiary of Moneris. The company will continue to operate with no changes to their structure, culture or management, Moneris said, and will maintain its headquarters in Quebec City.