The subsidiary of the publicly traded tech firm announced the deal for Toronto-based TouchBistro on Tuesday. Neither side disclosed deal terms, or responded to The Logic’s request for comment. (The Logic)

Talking point: TouchBistro, which sells point-of-sale terminals and software to restaurants and bars, was once a sizzling Canadian tech scaleup. Former e-commerce entrepreneur Alex Barrotti founded the firm in March 2011 to take hospitality tech mobile on the then-new Apple iPad. It competed with Android-based Toast out of Boston. TouchBistro’s customer base was hit hard by the pandemic, and in April 2021 hired financial services executive Samir Zabaneh as CEO; he left for Nuvei this month. The firm raised almost US$319 million, per PitchBook data. That included two headline-making rounds of $158 million in September 2019 led by OMERS, the pension fund’s largest Canadian venture deal to that point, and a $150-million financing in November 2022 from private equity firm Francisco Partners. Constellation and Harris, meanwhile, exist to roll up software firms.