Forget POS – think EPOS!
- January 5, 2016
To improve its commerce and restaurant management offerings, Heartland Payment Systems has acquired Digital Dining, a provider of software that enables handheld point of sale devices to interact with conventional fixed terminals.
Springfield, Va.-based Digital Dining also provides table management, delivery, reservations, labor scheduling, inventory and loyalty program tools for restaurant owners.
Heartland says the acquisition advances its commerce strategy, helping restaurants turn a POS system into a secure commerce center that operates with payroll, marketing and loyalty programs.
Heartland did not disclose financial details of the acquisition.
Digital Dining will join the Heartland Commerce software platform, which also houses businesses such as pcAmerica, Dinerware, Xpient Solutions and LiquorPOS, the Heartland stated in an Oct. 30 press release.
More than 100,000 customer locations are using Heartland Commerce software, and the company says recent restaurant industry reports indicate Heartland has secured approximately 18% of the entire restaurant market with its more than 130,000 restaurant merchant relationships, including a 24% share of table service restaurants.
Heartland will “substantially retain” Digital Dining’s employees within the Heartland Commerce business group.
In August, Heartland certified Digital Dining to use Heartland Secure for EMV, end-to-end encryption and tokenization services for restaurants.
The U.S. restaurant industry, as a whole, is evaluating new ways to handle table service following the deployment of EMV-chip cards, with some planning to use hand-held card readers at the table to handle card payments.
In addition to the Digital Dining acquisition, Heartland also announced its third-quarter earnings on Oct. 30. Heartland reported record adjusted net income of $23.8 million for the quarter that ended Sept. 30.
Quarterly revenue came in at a record $214.6 million, a 26.7% increase from the third quarter of 2014, marking a fifth consecutive quarter of double-digit growth.
“The strong momentum in new margin installed, transaction processing and net revenue growth continues to drive record earnings,” Heartland CEO Robert Carr said in a press release.
“Our new business growth was outstanding this quarter, with new margin installed up nearly 30%, one of the fastest rates of new business growth in many years, and this growth was accomplished from a much higher base,” Carr added.