Restaurant tech platform SALIDO announced this week it has been acquired by payment tech company North American Bancard (NAB). According to a press release sent to The Spoon, NAB will “vertically integrate” SALIDO’s restaurant operating system onto its own payments platform, EPX.
SALIDO, which was founded in 2012, began its life as a POS system before evolving into a full restaurant-management platform that includes data analytics, staff management tools, menu management features, and a kitchen display system for back-of-house management. The platform works for both independent operators and large chains/franchises. The company counts EATALY, by CHLOE. and Restoration Hardware among its clients.
SALIDO said in this week’s press release that since the acquisition, the company has been building out new products, including tableside mobile ordering, contactless payments, and online ordering — all features are fast becoming the norm in the restaurant industry.
On that note, SALIDO is hardly alone in its efforts to build more digital, contactless tech into its platform. Actually, the majority of recent restaurant tech news has centered on these types of technologies, and SALIDO will compete with the likes of Paytronix, Toast, and many other companies, legacy and startup alike.
“Speed” and “efficiency” are two words you’ll hear frequently around the restaurant industry these days, as businesses fight to stay alive. Controlling operations in the restaurant is one way to get closer to achieving those things. SALIDO bills itself as a “unified” solution with which restaurants can do this. The integration with NAB will also give the platform better capabilities around digital payments, another new norm of the restaurant biz.
NAB acquired the EPX payment-processing platform in 2014. The acquisition of SALIDO will further embed the company in the hospitality industry.