A Milestone in PayFacto’s Growth Strategy
The acquisition of NEOPOS marks a pivotal milestone in PayFacto’s ongoing growth and investment initiatives in Quebec. By combining resources and expertise, the consolidation of PayFacto and NEOPOS aims to provide tailored and enhanced solutions for the specific needs of Quebec’s restaurant community. Both companies will maintain seamless operations during this transition, ensuring uninterrupted service for current and future clients.
Decades of Collaboration
PayFacto and NEOPOS share a history of more than 20 years of collaboration in developing and distributing innovative POS software, including PayFacto’s well-known Maitre’D and Veloce software brands. With this acquisition, PayFacto’s team will expand to include over 350 professionals dedicated to supporting more than 10,000 restaurateurs in Quebec, including prominent restaurant chains and associations.
Enhanced Offerings for Restauranteurs
NEOPOS’ expertise in sales, distribution, system integration, and post-sales support will amplify PayFacto’s ability to deliver all-in-one solutions. These solutions are designed to drive efficiency and create new growth opportunities for restaurateurs by seamlessly integrating POS software with advanced payment systems.
“By joining forces with NEOPOS, we will drive enhanced growth opportunities and efficiencies for our restaurant clients and partners,” stated Martin Leroux, CEO of PayFacto. Luc Girard, President and CEO of NEOPOS, added, “We are excited to join the PayFacto team. Together, we are committed to redefining standards of excellence in the restaurant industry.”
Support from Financial Partners
Flexpoint Ford, LLC (“Flexpoint”), PayFacto’s financial sponsor, along with members of the management team, provided additional capital to fund this transaction. Arjun Thimmaya, Managing Director, and Vilas Nair, Principal at Flexpoint, expressed their enthusiasm:
“We remain excited about our partnership with Marty and the PayFacto team. We are pleased with PayFacto’s growth and development across both its POS software and payment offerings. The acquisition of NEOPOS is a key element of our inorganic growth strategy, and we look forward to supporting PayFacto’s continued success.”
About PayFacto
Headquartered in Montreal, with operations in Canada, the United States, and the United Kingdom, PayFacto is a leader in restaurant POS software and payment solutions. Its offerings include the Maitre’D and Veloce software brands and VelPAY, an integrated payment and POS solution. PayFacto is recognized for its expertise, agility, and commitment to enabling merchants to optimize their operations. With proprietary payment gateway and POS technologies, PayFacto supports a vast network of distributors and resellers to deliver innovative, locally-supported solutions. For more information, visit payfacto.com.
About NEOPOS
With over 30 years of experience, NEOPOS specializes in implementing and maintaining computerized systems, including point-of-sale (POS) solutions and secure wireless networks. Serving clients in the restaurant, bar, retail, and food service sectors, NEOPOS provides innovative products that enhance business performance. The company is known for its professional and flexible service, delivering tailored solutions derived from top-performing software. NEOPOS is committed to building lasting client relationships and optimizing profitability for businesses.
