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Friday, January 27, 2023

Wix (NASDAQ: WIX) Announces Acquisition Of Miami-Based SpeedETab

Wix.com Ltd. (NASDAQ: WIX) disclosed on Tuesday that it has bought technology provider SpeedETab. Wix.com has bought the firm to enhance the experience of the customer. The buying of SpeedETab will improve the Wix Restaurants. Wix Restaurants is an all-in-one specialized solution that permits restaurant holders to generate an online and mobile presence, provide menus, take online orders and bookings, and get paid.

Earlier year, the restaurant industry has experienced a hit because of the COVID-19 pandemic. More and more businesses turned towards online mode. Likewise, the Restaurant industry has also adopted the online mode. The international users of Wix Restaurants have increased rapidly as more and more people prefer the online services of restaurants.

Wix Restaurants has offered the services online and offers order, shipment, and pickup alternatives. Furthermore, Wix Restaurants has continued to advance to fulfill these new and growing requirements. Wix disclosed that in the last two years, the new sign-ups of Wix Restaurants increased. Generally, the number of restaurants selling online rose by 143%, the number of online orders rose by 378% and the GPV rose by 449%.

The buying of SpeedETab will provide an opportunity for Wix Restaurants to combine with the cutting-edge restaurant POS Systems. These POS Systems will enable owners to manage and control all the offline and online orders. The solution will assist restaurants to grow and simplify orders and delivery to provide better service to customers.

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