KORT Payments (KORT), a leader in specialized omnichannel payments, has announced the acquisition of Barnet Technologies (Barnet), a Canadian software company known for its comprehensive point of sale (POS) systems, particularly in regulated industries. Barnet’s all-in-one POS system, widely recognized in the licensed liquor sector, integrates supplier and inventory management with e-commerce capabilities.
This acquisition aligns with KORT’s aggressive growth strategy, as the company looks to scale Barnet’s technology and integrate it with its own payment platform. The combined solution will enhance value for existing clients and generate new recurring revenue streams for KORT.
Joel Leonoff, Chairman and CEO of KORT Payments, stated, “The acquisition of Barnet is a key milestone in our mission to expand into new verticals. Barnet’s expertise in regulated industries provides a solid foundation for growth.”
Olena Dubina, Founder and CEO of Barnet Technologies, added, “With KORT’s resources, we can broaden our offerings and deliver even greater value to our customers, especially as the market for regulated businesses continues to expand.”
This transaction highlights KORT’s commitment to capitalizing on high-potential opportunities in integrated software platforms and payment services, positioning the company for further expansion and innovation in the evolving fintech landscape.
