M&A Deal Summary

Lavu Acquires Sourcery Technologies

On August 7, 2019, Lavu acquired information technology company Sourcery Technologies

Acquisition Highlights
  • This is Lavu’s 1st transaction in the Information Technology sector.
  • This is Lavu’s 2nd transaction in the United States.
  • This is Lavu’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-08-07
Target Sourcery Technologies
Sector Information Technology
Buyer(s) Lavu
Deal Type Add-on Acquisition

Target

Sourcery Technologies

Las Vegas, Nevada, United States
Sourcery Technologies, Inc. is an automated accounts payable solution designed for the restaurant industry. Sourcery’s platform allows food suppliers and buyers to manage their transactions online, ranging from electronic invoicing to payments to product selection. Sourcery Technologies, Inc. was founded in 2012 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Lavu

Albuquerque, New Mexico, United States
Category Company
Founded 2010
Sector Software
DESCRIPTION

Lavu is a full-featured iPad-based POS system that was the first iPad point of sale in the Apple App Store and continues to offer the latest features and functionalities. Offering flexible payment-processing solutions, an intuitive interface, and a proprietary business management suite, the company's restaurant management platform is ideal for all food and drink establishments. Lavuwas formed in 2010 and is based in Albuquerque, New Mexico.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 MenuDrive

Shippensburg, Pennsylvania, United States

MenuDrive is an online and mobile ordering platform for restaurants. MenuDrive was founded in 2009 and is based in Shippensburg, Pennsylvania.

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