Brookfield-based payments financial services technology provider Fiserv Inc. announced today that it has acquired New York-based BentoBox, a digital marketing and commerce platform provider for restaurants.
Financial terms of the transaction were not disclosed.
BentoBox was founded in 2013 and in 2019 was ranked #305 on the Inc. 5000 list of America’s fastest growing companies. The company provides website design, online ordering and marketing tools for restaurants.
“Consumers today expect a consistent, seamless experience when engaging with restaurants both in person and online,” said Frank Bisignano, president and chief executive officer of Fiserv. “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.”
“Joining Fiserv is a transformational step for BentoBox,” said Krystle Mobayeni, co-founder and CEO of BentoBox. “BentoBox is committed to elevating every interaction between restaurants and their guests. Together with Fiserv, we look forward to rapidly growing our omnichannel capabilities with exceptional digital experiences for restaurants and their customers.”
The transaction is expected to close in the fourth quarter of 2021.