Canada: Transact Campus acquires mobile app Hangry
Phoenix-based Transact Campus , which provides credential and payment services on campuses, has acquired Toronto-headquartered Hangry, which offers mobile ordering for higher education institutions.
Transact Campus described Hangry as “an established and valued Transact partner” as the companies have a history of working closely together.
Founded in 2012, Hangry’s product is integrated with all major campus card and point-of-sale systems. It provides campus customers with a school-branded mobile app covering food ordering, delivery, reservations, dietary filtering, and nutrition tracking. It also offers a campus-wide loyalty and rewards module with targeted marketing and rich push messaging. Hangry stated that in this past school year, it processed $125 million in transactions at more than 180 campuses across North America.
Fabian Raso, founder and chief executive of Hangry, said: “Key Hangry components are already tightly integrated and user-tested with hundreds of Transact clients, so we expect a very seamless transition. We have established a solid record of success working closely together. We anticipate that by joining Transact, we will leverage our common strengths, continue to improve the student experience, and expand Transact product capabilities.”
Nancy Langer, chief executive at Transact, added: “We are excited to welcome the talented Hangry team and to combine their innovative R&D culture with the continued successes of our campus commerce solutions at Transact. The acquisition will enable us to build on Hangry features and functionality as well as incorporating them into the wide array of Transact solutions that already provide a leading mobile-centric experience for millions of students.”
Sampford Advisors acted as exclusive M&A advisor to Hangry.