Add-on Acquisition • Technology Hardware

Revel Systems Acquires iqPOSitive

On August 15, 2016, Revel Systems acquired technology hardware company iqPOSitive

Acquisition Context
  • This is Revel Systems’ 1st transaction in the Technology Hardware sector.
  • This is Revel Systems’ 1st transaction in Russia.

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M&A Deal Summary

Date August 15, 2016
Target iqPOSitive
Sector Technology Hardware
Buyer(s) Revel Systems
Deal Type Add-on Acquisition

Target Company

iqPOSitive

Moscow, Russia
iqPOSitive is a developer of automation solutions for restaurant businesses.
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Buyer Overview 1

Buyer

Revel Systems

San Francisco, California, United States

Category Company
Founded 2010
Sector Business Services
DESCRIPTION

Revel Systems is a provider of mobile point-of-sale solutions to small and medium-sized business and enterprise merchants. Revel Systems was founded in 2010 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 2 of 2
Country: Russia 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-29 My Menu Mobile

Redwood City, California, United States

My Menu Mobile is a developer and customizes iPhone and smartphone restaurant applications. Their app provides fast and easy one-click mobile ordering for takeout orders, and is compatible with the iPhone, iPad, iPod Touch, Google Android and Droid. Through the app, customers can browse a given restaurant’s menu, select an order, and pay via credit card, Paypal, or at the restaurant, all from the convenience of their phone.

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