Shift4 Payments Announces Acquisition of VenueNext to Power Sports Stadiums, Entertainment Venues and Theme Parks
04 März 2021 - 1:10PM
Business Wire
VenueNext enhances Shift4’s presence and
capabilities in a number of large and growing verticals, while
expanding the company into entirely new markets
Shift4 Payments (NYSE: FOUR), a leading
provider of integrated payment processing solutions, today
announced the acquisition of VenueNext, a leader in next-generation
mobile commerce, point-of-sale, and loyalty solutions for venues.
This acquisition enhances Shift4’s presence and capabilities in a
number of large and growing verticals such as stadiums and arenas,
while significantly expanding the company’s total addressable
market with entry into entertainment, universities, theme parks,
airports, and other verticals.
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VenueNext is used by teams in every major professional sports
league, in addition to colleges and other business verticals such
as amusement parks and corporate campuses, all of whom will now
have access to the combined offering from 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
best-in-class mobile technology will add value across the entire
Shift4 ecosystem.
This acquisition uniquely positions Shift4 as the only
vertically integrated provider to power every aspect of in-venue
commerce, including software (Mobile & POS), transaction
gateway, and payment processing capabilities. This one-stop-shop
solution delivers a compelling value proposition to venues by
reducing cost and complexity, similar to Shift4’s end-to-end
offering in other verticals.
“At Shift4, we thrive on eliminating complexity and reducing
cost for the most demanding commerce environments. We have taken
the same successful vertically-integrated strategy that has served
us incredibly well in the hospitality and restaurant industries,
and brought it to eCommerce 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 making commerce simple and more enjoyable. In
addition to jointly pursuing new opportunities, we intend to
immediately offer Shift4’s end-to-end payments solution to
VenueNext’s sizeable existing customer portfolio which spans across
virtually every category of large venue across the country and
internationally.”
For additional information about this acquisition, you can view
the VenueNext Acquisition Overview presentation available at
https://investors.shift4.com/events-and-presentations.
About Shift4 Payments
Shift4 Payments (NYSE: FOUR) is a leading provider of integrated
payment processing and technology solutions, delivering a complete
omnichannel ecosystem that extends beyond payments to include a
wide range of commerce-enabling services. The company’s
technologies help power over 350 software providers in numerous
industries, including hospitality, retail, F&B, ecommerce,
lodging, gaming, and many more. With over 7,000 sales partners, the
company securely processed more than $200 billion in payments
volume for over 200,000 businesses in 2019. For more information,
visit shift4.com.
About VenueNext
VenueNext is a next-generation point-of-sale company
transforming the way consumers shop, purchase, and pay. Their
ecosystem of products combines physical and digital solutions to
create a frictionless shopping experience, offering products such
as point-of-sale solutions, online ordering, branded apps, and
branded payments. VenueNext's powerful platform makes commerce
simple for consumers – and easy for brands to incentivize and
reward their most valuable customers for their loyalty. VenueNext
began in 2014 with Levi's® Stadium and the San Francisco 49ers and
has since gone on to power mobile-first, frictionless commerce in
Arenas and Stadiums, Theme Parks, Universities, Corporate Cafes and
Theaters.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304005298/en/
Nate Hirshberg Vice President, Marketing Shift4 Payments
nhirshberg@shift4.com
James McCusker Managing Director Solebury Trout
jmccusker@soleburytrout.com
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