Linga, a cloud-based restaurant software provider headquartered in Florida, has acquired local firm Hybrid Payments.

Financial terms of the transaction were not revealed.

A registered ISO of Wells Fargo, Hybrid Payments delivers payment options to serve retail, restaurant, nonprofit, and healthcare sectors, among others.

Hybrid Payments will now operate under the name Linga Pay.

Linga Pay will be the card and payment processing segment of Linga rOS (restaurant and retail operating system).

It supports a range of capabilities including same-day business funding options, a cloud-based gift and loyalty programme, as well as online ordering.

It also offers marketing, inventory control, kiosk, payroll, accounts payable, and waitlist.

Merchants will be able to track the performance of their restaurants.

At the same time, Linga Pay will offer various competitive offers to current customers. These include programmes that enable upgrade without upfront costs.

Commenting on the deal, Linga CEO Onur Haytac said: “I am excited to offer customers the industry’s first cloud-based complete restaurant retail operating system.

“With Linga rOS, business owners will have every tool they need to run their business on any device, in one system.”

The latest deal comes close on the heels of JPMorgan Chase’s acquisition of US-based healthcare payments firm InstaMed.