Posera and Squirrel in Merger Talks
POS providers Posera Software, Inc. and Squirrel Systems announce that they have entered into strategic discussions with the intention of merging both privately held companies.
"This merger underscores both companies' dedication to the hospitality industry," says Michel Côté, vice president and general manager at Posera. "By combining our respective experience, expertise and strengths, the new Company will be in a better position to serve this industry, while providing our customers and channel partners with a stronger product offering and unequalled customer service."
Squirrel and Posera stand to benefit from a larger distribution channel, a 24/7 customer support for the companies' combined customer base, access to a larger pool of R&D, and an increase in financial backing that will support growth future growth opportunities.
"We are excited about the prospect of working with Posera," says Charles Young, Squirrel's interim president. "We believe that this merger will create more opportunities for success with all of our customers and stakeholders."
"This merger underscores both companies' dedication to the hospitality industry," says Michel Côté, vice president and general manager at Posera. "By combining our respective experience, expertise and strengths, the new Company will be in a better position to serve this industry, while providing our customers and channel partners with a stronger product offering and unequalled customer service."
Squirrel and Posera stand to benefit from a larger distribution channel, a 24/7 customer support for the companies' combined customer base, access to a larger pool of R&D, and an increase in financial backing that will support growth future growth opportunities.
"We are excited about the prospect of working with Posera," says Charles Young, Squirrel's interim president. "We believe that this merger will create more opportunities for success with all of our customers and stakeholders."