M&A advisory for POS & retail management software companies
POS and retail management M&A has been driven by the convergence of software, payments and merchant services. Strategic acquirers - the major payments groups, vertical software consolidators and large POS platforms - are the most active buyers, alongside PE platforms running vertical SaaS-plus-payments roll-ups.
The most active buyers are the major payments groups, vertical software consolidators and large POS platforms, alongside PE platforms running vertical SaaS-plus-payments roll-ups. Flow has direct access to the payments-aligned strategic acquirers and PE platforms that are active buyers in this category.
Flow team has relevant sector experience and has worked with POS and retail management companies across restaurant and hospitality POS, retail and specialty store systems, integrated payments, omnichannel and inventory management, and vertical-specific commerce.
"POS & retail management software" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing POS & retail management software M&A targets
Subscription ARR
Payments revenue
Payments attach rate
GPV
Merchant count
Net merchant retention
ARPU per merchant
CAC payback
Software gross margin
Payments gross margin
POS & retail management software valuations in May 2026
Public POS & retail management software comps trade at 2.0x EV/Revenue. Median revenue multiple across POS & retail management software M&A deals was 5.5x in the last 12 months.
2.0x
Median EV/Revenue as of May 2026 for public POS & retail management software companies
1.9x
Toast is the highest valued public POS & retail management software company based on EV/Revenue (excluding outliers)
5.5x
Median EV/Revenue across POS & retail management software M&A deals in the last 12 months
12x
Median EV/Revenue across POS & retail management software VC rounds in the last 12 months
Key recent POS & retail management software M&A deals
$2.4B acquisition of AccuLynx by Verisk Analytics was the largest POS & retail management software M&A transaction completed in the last year.
See all POS & retail management software M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Jul-25 | AccuLynx |  | AccuLynx is a cloud platform for roofing contractors integrating CRM, sales tracking, project management, estimating, e-signatures, financing, and communications. It connects with EagleView, Hover, ABC Supply, QuickBooks, Sage Intacct, CompanyCam, and Zapier for seamless workflows. | Verisk Analytics | $2.4B | - | |
Jul-25 | Olo | | Olo is a New York City-headquartered platform powering online ordering, delivery, and payment systems for restaurant chains throughout the United States. The end-to-end solution handles guest-facing apps, kiosks, and websites while syncing orders with POS systems like Toast and NCR Aloha. Brands including Applebee's, Cheesecake Factory, Chili's, Five Guys, and Shake Shack process millions of transactions weekly through Olo's network. Listed on the NYSE since 2021, the company supports delivery partnerships with DoorDash and Uber Eats, enabling commission-free direct orders. | Thoma Bravo | $2.0B | 6.4x | |
Aug-25 | Elo Touch Solutions | | Elo Touch Solutions is a manufacturer of touch-enabled displays, interactive kiosks, and point-of-sale terminals for retail, hospitality, and healthcare sectors. Milpitas, California-headquartered, it produces capacitive touch monitors in sizes from 10 to 65 inches supporting Windows, Android, and Linux operating systems. | Zebra | $1.3B | 3.3x | |
Sep-25 | Statsig | | Statsig is a San Francisco-headquartered experimentation platform for product teams managing feature flags, A/B tests, and analytics. It supports SDKs in JavaScript, Python, and Java connecting to warehouses like Amplitude and Mixpanel. Statsig powers deployments at companies including Notion, Pinterest, and Xbox Live across gaming, e-commerce, and SaaS sectors. | OpenAI | $1.1B | 28x | |
Jul-25 | Subsplash | | - | Roper Technologies | $800M | - | |
Jul-25 | Linx |  | Linx is a São Paulo-headquartered software provider for the Brazilian retail sector, offering enterprise resource planning systems, point-of-sale terminals, and payment processing solutions. Its Linx ERP platform manages inventory, sales, and CRM for chains in fashion, pharmacies, fuel stations, and supermarkets. The company delivers cloud-based e-commerce integrations, electronic fund transfers, and promotional engines across Latin America through subsidiaries. Linx supports over a dozen verticals including auto dealerships and food services, with connectivity to major payment acquirers like Cielo and Rede. | TOTVS | $600M | - | |
Jun-25 | Voyado |  | Voyado is a Stockholm-headquartered customer data platform tailored for e-commerce and retail sectors. The platform integrates data collection from online and offline channels, advanced customer segmentation, churn scoring algorithms, marketing automation workflows, and omnichannel delivery across email, SMS, push notifications, and web personalization. It enables unified commerce functionalities like centralized inventory views and cross-channel order management. Serving retailers throughout Europe, Voyado originated from a 2013 merger of email marketing firms Profiler Online and StrongMail Europe, now supporting over 400 brands with its all-in-one suite. | Viking Global Investors | $529M | 5.5x | |
Aug-25 | Jolt | | Jolt is a Lehi-headquartered operations management software provider based in Utah. The platform offers checklists, scheduling, time tracking, and sensor integrations for multi-site operations, serving clients like McDonald's, Chick-fil-A, Chevron, LEGOLAND, Bellagio, and 7-Eleven in restaurants, amusement parks, healthcare, and manufacturing. | Digi International | $146M | 7.3x | |
Apr-26 | U | Upserve US hospitality product line | | Upserve US hospitality product line is a POS product for US restaurants that handles ordering, payments, and hospitality management. | Skyview Equity | $81M | - |
May-25 | GK Software | | GK Software is a Schöneck, Germany-headquartered provider of retail software solutions founded in 1990. Its GK/Retail platform supports point-of-sale, inventory management, promotions, and e-commerce integration for grocery, fashion, and specialty chains, holding SAP Retail certification since 2000 and built on Java standards. | Fujitsu | $64M | 2.8x | |
Jun-25 | Lathem Time | | Lathem Time is a provider of electronic time clocks and workforce management software tailored for small businesses. The Atlanta-based company offers products like the LT-1000 biometric time clock and cloud-based TimeStation software for tracking employee hours, PTO, and scheduling. With roots dating back to 1919, Lathem Time serves thousands of customers across North America through its e-commerce platform and authorized dealers, including integrations with payroll systems such as QuickBooks and ADP. | Asure Software | $40M | - | |
Jun-25 | BILLZ |  | BILLZ is a cloud-based retail automation system handling inventory control, customer databases, and POS transactions. It generates sales analytics reports and deploys marketing campaigns through customer segmentation and personalized discount offers for store owners worldwide. | TBC Bank | $17M | - | |
Dec-25 | Plorea |  | Plorea is a Norwegian point-of-sale system combining payment processing with integrated booking capabilities for businesses. | Done.ai Group | $10M | 1.3x | |
Dec-25 | Vennersys |  | Vennersys is a UK-based supplier of integrated ticketing, retail, and visitor management software with robust hardware for attractions and venues. | Digital Ticketing Systems | $2.0M | - | |
Jun-25 | Takeout7 | | Takeout7 is a U.S.-based restaurant technology provider offering online ordering, marketing automation, and delivery integrations for independent eateries and POS resellers. Its platform supports commission-free ordering sites branded to restaurants, connecting to DoorDash and Grubhub. Features include email campaigns and loyalty programs tracking repeat customers. Deployed nationwide since 2018, Takeout7 equips over 1,000 locations with tools boosting direct sales. | Giftify | $600K | - |
Most active buyers of POS & retail management software companies
Everfield, ClearCourse and PAR Technology are the most active acquirers of POS & retail management software companies in the last three years.
See all POS & retail management software acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Everfield |  | Everfield is a Toronto-headquartered holding company founded in 2021 that acquires, builds, and scales vertical SaaS businesses targeting niche industries like construction, healthcare, and logistics. It manages a portfolio of 10 software firms serving 50,000 users globally with annual recurring revenue exceeding $20 million. Everfield invests in product roadmaps, sales expansion, and AI integrations, achieving 30 percent average YoY growth across holdings. Operations span North America and Europe with 150 employees. | AmeroOnlinePOSDigiFood+1 | 3 | |
ClearCourse | | ClearCourse is a Preston-based provider of childcare management software and payment processing for nurseries, holiday clubs, and leisure centers in the UK. The platform handles bookings, invoicing, Ofsted compliance reporting, and parent portals via mobile apps. ClearCourse processes over £100 million in annual payments through Stripe integrations. It serves 1,500+ venues with features like occupancy forecasting and subsidy claim automation. | Kurve KiosksDavidson RichardsComputers for Flooring | 3 | |
PAR Technology | | PAR Technology Corp is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three restaurant categories - quick service, fast casual, and table service - and the retail industry, including convenience and fuel retailers (C-Stores). The company's product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. The company generates revenue from subscription service, Sale of Hardware products, and Professional Service. | DelagetPAR RetailTASK+1 | 3 | |
Loomis–Pay |  | - | Central CashSighore | 2 | |
TOTVS | | Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment. | LinxVarejOnlineLexos Tecnologia | 2 | |
Greater Sum Ventures | | Greater Sum Ventures is a Boston-headquartered growth equity firm targeting lower-middle-market tech-enabled business services companies in North America. It invests $10 million to $50 million in equity for majority or minority stakes, focusing on sectors like software, IT services, and professional services undergoing digital transformation. The firm has deployed over $200 million across portfolio companies such as software providers for construction and healthcare staffing firms, leveraging operational expertise from its team of former CEOs and executives to drive revenue growth and scalability. | Tapin2MyVenueKologik | 2 | |
Accel-KKR | | Accel-KKR is a Menlo Park-headquartered private equity firm targeting growth-stage and middle-market companies in software, technology-enabled services, and cybersecurity sectors across North America and Europe. Formed as a joint venture between Accel Partners and KKR in 2000, it invests in established firms like Duck Creek Technologies and invests in companies such as AvidXchange. | TamigoSymfoniaAccessPay+1 | 2 | |
Valsoft |  | Valsoft Corporation is a Montreal-headquartered firm acquiring and scaling vertical market software businesses. It targets established SaaS providers in niche industries, integrating technology services to expand customer reach and operational efficiency across sectors like public safety, healthcare, and construction. | NedFoxMonkeySoft SolutionsDigitalEd+1 | 2 | |
TeamSystem |  | TeamSystem is an Italian software developer supplying management solutions for SMEs, professionals, accountants, lawyers, and artisans. The company provides ERP systems, access control for sports facilities, and training programs. Pesaro-headquartered since 1979, TeamSystem operates 42 offices across Italy. | SellsyMikro YazilimACD Groupe+2 | 2 | |
PayRange | | PayRange is a Scottsdale-based provider of retrofit mobile payment hardware for vending machines, parking meters, laundry equipment, transit ticketing, and amusement devices. Operators attach the BluKey dongle without tools to enable Bluetooth Low Energy transactions via the PayRange smartphone app. The platform supports contactless payments across North America, integrating with major vending manufacturers and operators in retail and convenience sectors. PayRange maintains a strong presence in the unattended retail market through partnerships with equipment makers like Crane Merchandising Systems and Wittern Group. | KioSoftTurnsVagabond Vending | 2 |
Founders and investors we've worked with
We've supported winning builders across POS & retail management software and beyond.
MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Resillion
We provided buy-side advice to a dominant TIC industry player on the carve-out and acquisition of Resillion (fka Eurofins Digital Testing), a Hasselt-based digital testing, cybersecurity and forensics provider.
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Digital Asset Management Software Provider
We provided buy-side advice to Byron Capital Partners on its acquisition of a leading European digital asset management (DAM) software platform.
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Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
See moreRecent M&A advisory track record
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