Fiserv Completes Acquisition of BentoBox

Rhea-AI Summary

Fiserv, Inc. (NASDAQ: FISV) has completed its acquisition of BentoBox, enhancing its Clover dining solutions. This strategic move aims to benefit nearly 200,000 restaurants by providing advanced business management capabilities. BentoBox supports over 7,500 restaurant concepts globally, offering tools for websites, online ordering, and events management. The integration enables a modern restaurant experience by connecting online and on-premise operations.

Positive

• Acquisition of BentoBox enhances Clover dining solutions.
• Provides advanced business management for nearly 200,000 restaurants.
• BentoBox supports over 7,500 global restaurant concepts.

Negative

• None.

BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of BentoBox.

“Closing this transaction further expands our Clover^® dining solutions and industry-leading commerce and business management capabilities, enabling nearly 200,000 restaurants of all sizes to deliver unique and differentiating diner experiences, from quick and casual to full service,” said Frank Bisignano, President and Chief Executive Officer of Fiserv.

About BentoBox

The BentoBox marketing and commerce platform delivers a seamless guest experience dedicated to accelerating growth and helping restaurants thrive. Over 7,500 restaurant concepts worldwide rely on BentoBox as their digital front door for elevated design, built-in marketing tools, actionable data, and a best-in-class customer experience that’s built for growth. The platform includes products such as websites, ordering (online ordering, pre-order & catering, gift cards, merchandise, tickets), and events management. Through existing Clover^® from Fiserv integration, BentoBox is successfully connecting the online and on premise for a single, modern restaurant experience.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500^® Index and the FORTUNE^® 500 and is among the FORTUNE World’s Most Admired Companies^®. Visit fiserv.com and follow on social media for more information and the latest company news.

FISV-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20211122006465/en/

Media Relations:

Britt Zarling

Corporate Communications

Fiserv, Inc.

+1 414-526-3107

britt.zarling@fiserv.com



Hayley Russman

Corporate Communications

BentoBox

+1 781-248-0165

hayley@getbento.com



Investor Relations:

Shub Mukherjee

Investor Relations

Fiserv, Inc.

+ 1 212-266-3565

shub.mukherjee@fiserv.com

Source: Fiserv, Inc.

FAQ

What is the purpose of Fiserv's acquisition of BentoBox?

The acquisition aims to enhance Clover dining solutions and improve business management for restaurants.

How does the BentoBox platform benefit restaurants?

BentoBox offers a marketing and commerce platform that provides tools for websites, online ordering, and events management.

What impact will the acquisition of BentoBox have on Fiserv's business?

The acquisition is expected to strengthen Fiserv's market position by integrating modern solutions for restaurant operations.

What is Clover's role in Fiserv's acquisition of BentoBox?

Clover is a cloud-based point-of-sale solution that will integrate with BentoBox to enhance the restaurant customer experience.

When was the acquisition of BentoBox by Fiserv completed?

The acquisition was completed on November 22, 2021.