News Briefs

Shift4 has acquired a majority stake in Vectron Systems AG, a European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. 

Based in Germany, Vectron has 65,000 POS locations across Europe, representing. Shift4 is expected to acquire additional ownership of Vectron through a public tender offer that is expected to conclude within the next month, with a de-listing and formal integration process to occur shortly thereafter.

The acquisition is expected to provide Shift4 with an expansive customer footprint across Europe as well as a distribution network of ~300 POS resellers. As a result of the acquisition, Shift4 believes it will be able to add its integrated payment services to current Vectron customers and products, while also empowering the sales force with a compelling all-in-one POS and payments solution unrivaled in Europe.

“Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe,” states Shift4 CEO Jared Isaacman. “With our integrated payments and SkyTab offering, we believe we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook – enabling us to unlock synergies, expand our distribution, and monetize payments for a large existing install base.”

Completes Revel Systems Acquistion

In addition to the acquisition of Vectron, Shift4 has also completed its previously announced acquisition of Revel Systems. Revel has over 18,000 merchant locations across the United States and internationally which Shift4 estimates represents a $17B+ payment opportunity. Revel also has a direct sales and dealer distribution network which Shift4 believes can be leveraged to accelerate SkyTab distribution both domestically and abroad. 

Shift4 has signed a definitive arrangement agreement to acquire Givex Corp., a global provider of gift cards, loyalty programs and point-of-sale solutions. 

The Arrangement Agreement is subject to customary closing conditions and the transaction is expected to be completed in the fourth quarter of this year. 

With across more than 100 countries, Givex serves a wide range of businesses in various industries, including 7-Eleven, Wendy’s, Best Western, Texas Roadhouse. 

The company offers robust gift card and e-gift solutions as well as customizable loyalty programs, and a point-of-sale (POS) system for various business types, among other value-added services.

 “Givex has a considerable footprint around the world which will dramatically increase Shift4’s overall customer base,” states Shift4 President Taylor Lauber. “At the same time, their gift card and loyalty solutions are second to none and will add significant value for our current customers, creating stickier relationships andh 130,000+ active locations enhancing our overall value proposition. Similar to other deals we have recently completed, this acquisition aligns perfectly with how we like to deploy capital – adding blue-chip merchants at a low customer acquisition cost while delivering additional benefits to our customer base.” 

“The Givex team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers,” says Don Gray, CEO of Givex. “By combining Shift4’s end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases.”  

Mark Shambura has joined Panera Bread as Chief Marketing Officer. Shambura will lead all aspects of marketing at Panera, including Brand Building, Digital & Loyalty, Product Strategy & Consumer Insights. An accomplished marketing leader with broad expertise in the restaurant industry, Mr. Shambura has previously held marketing leadership roles during pivotal growth periods for top brands including Chipotle, MOD Pizza, and most recently Papa Johns.

"Mark brings an impressive background building brands and leading marketing teams for fast-casual restaurants, and we’re thrilled to welcome him to Panera Bread,” said José Alberto Dueñas, Chief Executive Officer. “As Panera continues to evolve our brand, guided by listening to our guests, Mark’s depth of experience and ability will help drive our growth as a brand that serves great food you feel good about eating.”

Shambura previously served as CMO at Papa Johns, where he led a revitalization of the brand by enhancing its iconic “Better Ingredients, Better Pizza” platform, and developing a more modern, innovative omnichannel approach to transform how Papa Johns appealed to both new and loyal consumers. As Executive Director at Chipotle, Mr. Shambura guided the marketing function through periods of both sustained growth and transition, providing leadership over brand strategy, advertising, digital, social, events/sponsorships, promotions, and field marketing, including playing a key role in spearheading its “Real Ingredients” brand strategy.

“I’m proud to join the Panera Bread team and excited to build on the momentum of the brand's transformation as it continues to evolve in service of our guests,” Mr. Shambura said. “Panera propelled and cemented its position at the top of the fast casual restaurant segment through its promise of high-quality ingredients and freshly prepared food, and I’m thrilled to join a highly talented team to help shape its next chapter.”

Prior to his tenure in the restaurant industry, Mr. Shambura gained extensive marketing agency experience, working with a broad array of top global consumer brands for over a decade. Shambura will report directly to José Alberto Dueñas, Chief Executive Officer, and officially assumed the role of Chief Marketing Officer on July 29, 2024.

Hospitality industry veteran Skip Kimpel is tapping his passion for XR (extended reality), AI and next-gen tech to power up Magicgate, an exciting new consultancy laser-focused on bringing the art of the possible to restaurants, hotels and hospitality venues worldwide. 

Focused on personalized experiences and digital transformation, Magicgate provides tailored strategies, VR training, AI-powered solutions, and XR innovations to enhance guest experiences, streamline operations, and drive growth in the rapidly evolving hospitality landscape resulting in operational efficiencies and reducing labor costs.

According to Accenture, 83% of Gen Z expects companies to personalize experiences. They also expect seamless experiences fueled by advanced technologies like AI and ML, while younger Gen A is even more immersed in tech. “Research suggests the newest generations will grow up with the most sophisticated understanding of emerging technologies like AI, AR and VR,” said Kimpel. “It’s time for companies to embrace next-gen tech if they want to win over and stay relevant with future generations.”

Under the Magicgate banner, Kimpel will offer guidance to help organizations navigate increasingly blurred lines between what’s real, what’s virtual, and how these multiverse worlds are becoming ever more connected. “Our approach goes beyond just adopting new tech—it’s about reshaping entire business models,” says President and CEO, Skip Kimpel. “We help companies stay ahead of digital disruption by offering tailored strategies that combine XR, AI, and more to deliver real business value.”

Key Offerings:

• Custom Strategy: Tailored roadmaps for XR, AI, spatial computing, metaverse and other disruptive technology integrations.
• XR Solutions: XR strategy from immersive customer experiences to advanced training techniques.
• VR Training & Onboarding: Reduce learning curves, ensure employees are job-ready faster. Minimize travel costs, particularly for global organizations.
• Remote AR Support & Maintenance: Procure AR solutions to enhance real-time remote support, allowing technicians to overlay digital instructions onto physical objects in real time.
• AI-Powered Innovation: Discovery, procurement and implementation of AI / ML tech, like predictive analytics, chatbots, and business operations including the use of advanced Computer Vision.
• Digital Twins: Optimize facility management, enhance guest experiences, and improve sustainability by providing real-time data on operations, predictive maintenance, and personalized guest services.

“We’ve tapped Skip’s expertise to help navigate the training processes into the VR world,” added Cam Crowder, Former Franchise Owner, Tim Hortons. “We see the potential of positive ROI - and it will be an absolute game-changer.”

According to Zarnik and EHL Hospitality Insights, the global market for smart hotel technology alone is projected to reach $24.46 billion by 2027, driven by the adoption of AI, XR, IoT, and other innovative solutions. And according to QSR Magazine and Mordor Intel, AI is rapidly transforming the restaurant sector, with the market for AI-powered solutions expected to reach $49 billion by 2029, up from $9.68 billion in 2024.

“There’s no doubt XR and AI will transform hospitality,” commented Michael Cohen, Managing Partner, Growth Advisors International Network (GAIN). “Skip is already a go-to source for organizations looking to navigate this world, so this represents a natural next step for him, and a big win for the industry at large.”

“We’ve seen XR adoption start to transform industries like aerospace and healthcare” said John Cunningham, COO of the VR/AR Association. “Hospitality is the next horizon, and this consultancy - with Skip at the helm - will help accelerate the industry.”

Sapia.ai, a provider of AI-driven recruitment solutions, launches  Live Interview , a tool designed to simplify interview scheduling for hourly hiring. With a focus on ease of use, Live Interview  makes scheduling as intuitive as booking a restaurant - especially benefiting store managers overseeing hourly workers.

Building on Sapia.ai’s Smart Interviewer  platform, which automates the screening & assessing of candidates, Live Interview™ enhances the interview process, offering more personalization, intelligence, and efficiency at a critical hiring stage. Integrated with Applicant Tracking Systems (ATS) like Workday, SAP SuccessFactors, and iCIMS, Live Interview  supports bulk scheduling without relying on external calendars, ensuring managers can focus on people, not logistics.

"Our mission is to humanize hiring while driving efficiency," says Barb Hyman, CEO of Sapia.ai. "While AI simplifies screening, the human interview remains pivotal. With Live Interview™, users can add a personal touch, like sharing values or introducing themselves via video - bringing personalization to scale for high-volume hiring."

Following the success of Talent Hub, which reduced recruiter workloads by aggregating candidate data and cutting clicks by 90%, Live Interview™ extends Sapia.ai's commitment to delivering intelligent, user-centric solutions. Leading brands such as Woolworths Group and Starbucks have already experienced the impact, reporting Net Promoter Scores (NPS) exceeding 80 for improved candidate and hiring manager experiences.

Live Interview™ is now available via the Sapia.ai platform