Canadian unified commerce leader Moneris has completed the acquisition of UEAT, a provider of innovative online ordering solutions for restaurateurs.
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. The business offers a range of online ordering and payment solutions based on artificial intelligence that personalizes each customer experience.
A press release notes that combining Moneris’ suite of digital offerings with UEAT’s online ordering solutions means that restaurateurs will be able to easily engage in omnichannel ordering and sales, optimize capacity, access customer data, address the current labour shortage, and increase the overall lifetime value of repeat customers.
This is the latest expansion of a longstanding partnership between Moneris and UEAT, starting with Moneris acting as the preferred payment processor for UEAT’s customers in Canada providing a unified commerce solution. The release states this acquisition will further strengthen each company’s go-to-market alignment while maintaining UEAT’s integration flexibility.
“The foodservice industry has changed dramatically over the past few years. Omnichannel ordering and sales is a must-have feature for these businesses and Moneris’ acquisition of UEAT furthers our commitment to delivering innovative, digital-first solutions to our merchants,” said Angela Brown, President and CEO, Moneris. “We’re excited to welcome UEAT to the Moneris family and work with them to deliver market-leading solutions for restaurateurs across Canada and globally.”
As a result of the acquisition, UEAT, a start-up based out of Québec, will become a subsidiary of Moneris but continue to operate with no changes to its structure, culture, or management.
“UEAT has carved an enviable reputation in the market unlike any other online ordering platform. We have built our robust restaurant technology on the latest best practices in UX and artificial intelligence. We offer a wide range of tools to help restaurateurs leverage online ordering to grow their business. And we provide simplified support and training for time-strapped restaurateurs to boost digital sales,” explained Martin Lafrance, President and Co-founder of UEAT. “We are thrilled to become a part of Moneris—all while continuing to expand our presence, creating more jobs in Québec, and stimulating our local economy.”