R/GA, Oak View Group and 32 Equity are set to exit POS technology developer Appetize in an acquisition by SpotOn potentially sized at about $300m.
Payment software developer SpotOn has agreed to acquire Appetize, a US-based point-of-sale (POS) technology developer backed by corporate investors R/GA, Oak View Group and 32 Equity, for an undisclosed amount.
The announcement was made alongside the disclosure of SpotOn’s $300m series E round and the proceeds of that financing will be used to purchase Appetize.
Founded in 2011, Appetize provides POS software, hardware and services used in entertainment, dining and sports venues to process payment transactions.
Appetize CEO Max Roper…
