EPoS software house well-placed to capture value for investors
Lolly, an EPoS software house today announces it is seeking investment funding to accelerate further growth in the UK, with expansion across Europe and the USA.
The Shoreditch based tech company, which was shortlisted in the 2015 Payments Awards , is driving the next generation of trading tools for hospitality businesses. An area of focus is the coffee shop sector, which currently has 19,000 outlets and is forecast to grow to 27,000 by the year 2020.
Lolly delivers payment processing and productivity applications via SaaS (Software as a Service), allowing small, lean businesses to reduce their costs by running more efficiently and profitably. This reflects Lolly’s strategy to extend its technology to include cloud-based, downloadable products and services.
Peter Moore, CEO of Lolly, comments: “We know this market incredibly well, and have always understood the importance of integrating EPoS and payment technology for small hospitality businesses.
“With real traction in the UK, a management team with solid experience in the payment and technology industries, and massive growth opportunities, this proposition represents an exciting time for investors to be part of a real success story.”
The company has served more than 30,000 customers, covering coffee shops, food to go outlets, pubs, bars, and clubs. The business restructured last year following an MBO and has seen consistent, month-on-month growth, which is forecast to accelerate as the year unfolds.
Peter Moore business profile
Peter Moore founded the Consolis Group after selling Omega Logic to a listed American Corporation in 2007. The Group was founded to focus on integration at point of sale including EPoS, payments and other evolving technologies – providing first enterprise level integration for small hospitality businesses.
Peter has a passion for technology innovation within the hospitality sectors. His track record is based around identifying future trends, and predicting breakthrough technologies. He has experience of purchasing and building successful companies over a number of years which he has sold on at a profit.
Notes to editors
Lolly is a software house which helps lean and dynamic small businesses across the hospitality sectors to run more efficiently and profitably.
The company delivers EPoS, payment processing and productivity applications via SaaS (Software as a Service) on its own range of till hardware at affordable prices help to lower the barrier of entry for small businesses.
Lolly’s hardware (tills) connect to the internet, and provide real-time management information from a cloud site accessible anytime, anywhere. Its cloud-based technology can be tailored to fit a variety of environments. It can also be adapted to scale and grow with the business.
Lolly is the result of a re-brand from Consolis Payments in 2016. Originally founded in 2007 after the acquisition of CES TS Software. The management team could see the hospitality market needing to integrate payment processing into the point of sale, and – as a result – the company was the first to provide this enterprise level integration to smaller businesses. The Management Team completed an MBO in September 2015.
For further information please contact:
Katrina Suppiah, Publicité
t| + 44 (0)20 8543 6582