M&A activity steams ahead this week with several noteworthy deals as we enter the holiday season. To kick things off, SpotOn announced their acquisition of Dolce Software, a labor-management ISV geared towards the restaurant vertical. As a result of this deal, SpotOn will now offer employee management tools including scheduling, labor compliance, tip distribution, and more. Terms of this deal were not disclosed, and SpotOn is currently offering its clients a direct integration to Dolce through their point-of-sale platform. Separately, the online marketplace provider, Cart.com, announced their acquisition of 180Commerce this week for an undisclosed sum. Complimentary to Cart.com, 180Commerce specializes in eCommerce marketplaces through their offerings of advertising tools, inventory management, and content optimization. This deal is positioned around enhancing and increasing Cart.com’s features and functionality in the online marketplace environment.
In other M&A news, U.S. Bank has entered into an agreement to acquire TravelBank, a fintech specializing in expense and travel management. This deal follows their partnership in 2020, which brought the integration of U.S. Bank’s Instant Card into TravelBank’s solution. With this acquisition, U.S. Bank will accelerate their focus on the integration of digital payments for the commercial travel industry.