Moneris acquires UEAT to broaden unified commerce solutions for restaurant businesses across Canada
On October 6, 2021, Moneris Solutions Corporation ("Moneris") announced it completed the acquisition of UEAT, a provider of innovative online ordering solutions for restaurateurs. As both companies are privately held, the terms of the acquisition agreement were not disclosed.
The relationship originally started as a partnership where Moneris was the preferred payment processor for UEAT's customers in Canada providing a unified commerce solution. This acquisition will further strengthen each company's go-to-market alignment while maintaining UEAT's integration flexibility.
Further information can be found on Canada Newswire’s website.
Based in Canada, UEAT creates innovative online ordering solutions to help restaurant chains and independents across North America increase the overall lifetime value of their customers as well as their profit margins thanks to a range of online ordering and payment solutions based on artificial intelligence that personalizes each customer experience.
Moneris is Canada's largest provider of innovative, unified solutions for mobile, online and in-store payments, processing more than one in three transactions. Serving businesses of every size and industry, Moneris offers hardware, software and solutions to help transform the way businesses grow and operate, in payments and beyond.