Mobile restaurant point-of-sale and payment processing system developer Lavu has bought Sourcery, an automated accounts payable solution designed for the restaurant industry.
With the acquisition, Lavu hopes the Y Combinator-backed addition to its portfolio will enable greater success in all aspects of restaurant management.
Saleem S. Khatri, CEO of Lavu, argued the industry is ripe for disruption. “Restaurants today still receive paper invoices from many vendors and waste precious time on cumbersome manual payment processes,” he said. “Here at Lavu, we’ve listened to the painful stories of our clients and we’ve responded to their pain by acquiring Sourcery’s technology. We are excited to share Sourcery with our customers and see them achieve optimum operational efficiency.”
Teri Wilson, general manager at Sourcery, added, “Lavu is the perfect complement to Sourcery, bringing modern restaurant technology to all aspects of the management process. We are eager to see the success restaurants can achieve with the combined power of the Lavu and Sourcery platforms.”
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