Zomato acquires cloud-based data firm MaplePOS

Restaurant search application Zomato has acquired cloud-based point of sale (POS) product for restaurants MaplePOS, a company statement said here on Tuesday.

Zomato has already renamed the MaplePOS product "Zomato Base", and information on the product is now available.

With this acquisition, Zomato moves a step forward in providing business-focused solutions for restaurants, which in turn, will help the company offer highly differentiated services to the end consumer, the statement said.

Zomato offers restaurants features such as menu and inventory management, and has a built-in payment solution to accept debit and credit card payments.

"There is a lot that can be done if we are able to build a technology platform that connects consumers to restaurants and vice versa, and we believe that a world-class cloud-based POS system is the first step towards building that platform. MaplePOS is a great point-of-sale product, and we are excited about the prospect of working with the MaplePOS team to build this further," said Zomato founder and CEO Deepinder Goyal.

The company, however, did not divulge the size of the deal.

This is the first product acquisition for Zomato. Since July 2014, Zomato has acquired seven companies in various parts of the world to extend its reach in the restaurant search space. This includes the acquisition of Urbanspoon, which gave Zomato a dominant position in Australia, Canada, and the US.