The acquisition will allow SALIDO to continue investing in the delivery of key technologies to restaurant partners in a critical time for the hospitality industry
SALIDO, a leading hospitality technology provider, is announcing that it has been acquired by North American Bancard (NAB), one of the largest electronic payment processors in the United States.
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“We have officially rolled out SALIDO to support all of our flagship stores across the United States and Canada and are looking forward to continuing our partnership.”
Since the acquisition, SALIDO has operated in stealth mode, strengthening its product team, focusing on product development, and introducing many key features. These features include tableside mobile ordering, NFC contactless payments, and direct online ordering. Additionally, SALIDO has launched integrations like Oracle OPERA to support the evolving needs of SALIDO’s hospitality operators during this challenging time.
SALIDO’s Restaurant OS, an innovative, cloud-based restaurant operating system, will help establish NAB’s portfolio as a leader in the enterprise hospitality software industry. NAB will vertically integrate SALIDO’s Restaurant OS on top of their existing payments platform, EPX, to offer a single and powerful payment solution for all hospitality partners.
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Founded in 2012, SALIDO’s eight years of successful growth were led by founder and CEO Shu Chowdhury, an engineer-turned-entrepreneur and hospitality-industry insider who worked carefully with NAB to facilitate the transition for both companies. SALIDO was created when Chowdhury saw an opportunity to reinvent antiquated restaurant point of sale and payments systems by changing both the in-store and above-store user experience for all operators.
SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. Single restaurant proprietors and large franchise chains alike utilize SALIDO’s enterprise-level solution to revamp traditional and outdated operational systems.
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