Epos Now, a UK-based cloud-based software provider manufacturing electronic point of sale systems, has agreed to buy Australian peer Epos Systems.
Financial details regarding the deal were not disclosed.
As part of the deal, Epos Now absorbed all employees of the acquired entity.
Epos Now will provide opportunities to these employees for “learning and development on an international scale”.
Through the takeover, Epos Now aims to serve an increasing number of clients in Australia, New Zealand, and the broader Asian market more effectively.
The acquisition is also said to offer the firm new functionalities, integrations, partnerships along with increased diversity to support customers in global markets.
Epos Now CEO Jacyn Heavens said: “We have been working with Epos Systems in Australia for a few years and have been incredibly impressed with the knowledge and skills of the people within the business.
“Our values and ethos are extremely well aligned; the team has an in depth understanding of our product and the market having created exceptional demand in the region for the Epos Now platform.”
“Moreover, the acquisition hugely adds velocity to Epos Now’s IPO ambitions and provides us with the increased resources to heavily invest in our platform, partnerships, staff and customers,” Heavens noted.
Currently, Epos Now is used by more than 30,000 businesses across 109 countries.