ALLENTOWN, Pa .– (BUSINESS WIRE) – Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing solutions, today announced the acquisition of VenueNext, a leading provider of mobile commerce, point-of-sale and loyalty solutions for next-generation venues. This acquisition enhances Shift4’s presence and capabilities in a number of large and growing industries such as stadiums and arenas, while also significantly expanding the company’s overall addressable market through access to entertainment, universities, theme parks, airports and other industries.
VenueNext is used by teams in all major professional sports leagues, as well as colleges and other business areas such as amusement parks and corporate premises, all of whom now have access to the combined offering of Shift4. The company’s product suite includes mobile ordering, full venue point of sale software, branded mobile applications (turnkey white label apps for teams / venues) and a mobile wallet / loyalty engine. This first-class mobile technology offers added value for the entire Shift4 ecosystem.
With this acquisition, Shift4 is the only vertically integrated provider supporting all aspects of in-venue commerce, including software (mobile & POS), transaction gateway and payment processing functions. This one-stop-shop solution provides venues with a compelling value proposition by reducing costs and complexity, much like Shift4’s end-to-end offering in other industries.
“At Shift4, we are about eliminating complexity and reducing costs for the most demanding trading environments. We have followed the same successful vertically integrated strategy that served us incredibly well in the hospitality and restaurant industries, taking it to e-commerce with Shift4Shop and now to sports stadiums, entertainment venues and theme parks with this exciting acquisition, ”said Jared Isaacman , Shift4 Payments CEO. “We couldn’t be more excited to welcome VenueNext to the Shift4 organization. We love their focus on the “Fan & Patron Experience” and make trading easier and more enjoyable. Not only do we want to jointly pursue new opportunities, but also immediately offer Shift4’s end-to-end payment solution to VenueNext’s extensive existing customer portfolio, which spans almost all categories of large venues across the country and internationally. ”
For more information on this acquisition, see the VenueNext Acquisition Overview presentation at https://investors.shift4.com/events-and-presentations.
Via Shift4 payments
Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, offering a complete omnichannel ecosystem that goes beyond payments and encompasses a wide range of services that enable commerce. The company’s technologies support over 350 software providers in a wide variety of industries including hospitality, retail, F&B, e-commerce, accommodation, gaming, and many more. With over 7,000 sales partners, the company securely processed more than $ 200 billion in payments for over 200,000 companies in 2019. For more information, see shift4.com.
VenueNext is a next generation point of sale company that is transforming the way consumers shop, buy, and pay for. The product ecosystem combines physical and digital solutions to create a smooth shopping experience. It offers products such as point of sale solutions, online ordering, branded apps and branded payments. VenueNext’s powerful platform makes trading easy for consumers – and easy for brands to incentivize and reward their most valuable customers for their loyalty. VenueNext started with Levi’s® Stadium and the San Francisco 49ers in 2014 and has since driven the smooth trading of mobile devices in arenas and stadiums, theme parks, universities, corporate cafes and theaters.