Berlin, May 11, 2022: orderbird, (www.orderbird.com), a leading provider of cloud-based POS systems with integrated payment systems in Europe, today announced its sale to Nets, which is part of the leading European PayTech Nexi Group. The aim of this partnership is to strengthen orderbird's offering of integrated payment services to customers in the hospitality industry and to accelerate orderbird's international growth. Nets was a long-standing partner and shareholder in orderbird through its German-based digital payment provider Concardis. The current transaction follows Nets increasing its stake in orderbird in late 2021. The orderbird brand will remain and the company will continue to operate as a separate business unit within Nexi.
orderbird will benefit from the position of Nets / Nexi Group as the leading European PayTech company. With its many years of experience and broad footprint, Nets / Nexi Group can actively support orderbird in the payment business and help it enter the next phase of its corporate development. Customers, in turn, can look forward to the further optimization of existing payment service offerings and thus an even better customer experience.
The orderbird management team will remain in place after the change in ownership. Mark Schoen, Chief Executive Officer of orderbird, is looking forward to the strengthened relationship with Nets / Nexi Group and the potential prospects for the company:
"Making neighbourhood businesses more successful is what orderbird is all about. One of the reasons our customers are successful is because they are always digitally up to date with us and can use the same technologies as their larger competitors," he explains. "Joining forces with the Nets / Nexi Group, a recognized European PayTech leader, allows us to take this mission to the next level. This will collectively enhance our business presence in Europe while continuing to provide our customers with the best and most relevant solutions they need today – and tomorrow."
"We are very pleased to have Nets / Nexi Group as a partner on our side," added Jakob Schreyer, founder and Chief Strategy Officer of orderbird. "Especially in view of the accelerating trend towards seamless vertical payment and banking software solutions, this is a landmark deal. With this partnership, it was particularly important to us that we could maintain orderbird's total focus on enhancing our leading propositions and meeting the needs of our customers. This will enable us to fully concentrate on our next goal of expanding vertical software payment capabilities more broadly and establishing orderbird as a force to be reckoned with in the payment services sector."
Nets / Nexi Group, in turn, will benefit from orderbird's leading expertise in digitally reaching and enabling small and medium-sized businesses coupled with the company's extensive experience in developing vertically integrated, customer focused SaaS solutions. This transaction further strengthens Nexi's suite of propositions and furthers its participation in the broader hospitality value chain.
"Together with orderbird, we underline our commitment to the integrated software market, while enhancing our offer to hospitality clients." said Robert Hoffmann, CEO of Nets Merchant Services and Concardis. "Our goal is to support European businesses benefit from the rapid digitization of payments, via solutions like orderbird's hospitality-focused SaaS platform, which enhances the customer experience while enabling merchants to run their business more efficiently. We're proud to fully welcome orderbird to the Nexi family as it continues to meet evolving customer preferences in restaurants and beyond across Europe."
Following the transaction through Nets, Nexi will own 100 percent of Orderbird with an aggregate cash out of ca. EUR 100 million including also previous share purchases.
***
About orderbird AG
orderbird (www.orderbird.com) offers intuitive software solutions and additional services for independent restaurateurs and SMBs in Germany, Austria, Switzerland and France. With more than 14,000 active customers, the company is a market leader for cloud-based point-of-sale solutions with integrated payment in Europe. orderbird PRO, Europe's leading iPad POS system in the hospitality industry, enables restaurants, cafés and bars to easily and intuitively take mobile orders, flexibly invoice and generate tax compliant reports with one click. With the MINI by orderbird, orderbird is expanding its range of integrated POS solutions to include a mobile all-in-one cash register. The smart Android solution combines POS software, card reader, receipt printer and barcode scanner in one device and fulfils all the requirements of the KassenSichV. orderbird AG was founded in 2011 and employs more than 120 people in Berlin and Vienna.
Media contact – orderbird
Maintained by Laika Berlin
Email: press@orderbird.com
About Nets
Nets is part of Nexi Group – the European PayTech with scale, capabilities, and geographic reach to drive the transition to a cashless Europe. We are committed to supporting people and businesses of all sizes, transforming the way people pay and businesses accept payments. By simplifying payments and providing the most innovative and reliable solutions we enable businesses and financial institutions to better serve their customers, build closer relationships, and to grow together. For more information please visit: www.nets.eu or www.nexigroup.com
Media contact – Nets
Christian Drixler, Head of Media Relations DACH
Email: christian.drixler@nexigroup.com
