Fiserv to acquire BentoBox expanding digital storefront capabilities

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• Fiserv (FISV -1.2%) to acquire BentoBox, a digital marketing and commerce platform provider that delivers a frictionless diner experience dedicated to accelerating growth and helping restaurants seamlessly connect with their guests.
• Financial terms of the transaction remain undisclosed.
• This transaction expands the company’s Clover dining solutions and industry-leading commerce and business management capabilities, which enable ~200K restaurants of all sizes to deliver unique and differentiating diner experiences, from quick and casual to full service.
• "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," president & CEO Frank Bisignano commented.
• BentoBox enables 7.5K+ restaurant concepts across 14K locations; it helps restaurants generate new revenue streams and create differentiated customer experiences.
• Transaction is expected to close in Q4.