iPad-based point-of-sale (POS) firm Revel Systems, has acquired iqPOSitive, the Russian developer of automation solutions for restaurant businesses. Financial details surrounding the deal have not been made public but the transaction took place in May.
The startup which was founded in 2014 by Timur Bagaev, a former programmer, aimed to address the problems surrounding the new generation of cloud-based solutions with tablets used for a range of process including checkout, employee schedule and inventory management.
