Posera Announces Distribution Agreement with Solink

TORONTO, May 30, 2017 /CNW/ - Posera Ltd. (TSX : PAY), a leading provider of mission critical software solutions for the hospitality industry, today announced a distribution agreement with Solink, a leader in the Security as a Service space, to distribute their video recording and loss prevention solution throughout Posera's vast install base.

Posera is proud to announce a reseller partnership with Solink to offer a cloud-based subscription solution for video recording and loss prevention to Posera's 30,000+ customer base. This partnership will empower Posera's hospitality customers to proactively tackle theft in their stores while expanding the use of surveillance video to improve operations and management.

Solink's solution matches in-store transactions to corresponding video, providing store owners with multiple data points to search for and track important events such as voids, discounts, no sales, refunds and cash transactions. This eliminates the need to manually search for events in video by time and location. When the software identifies an outlier, it will notify the owner or manager who can then open the Solink app on their mobile device or laptop and review the incident. Other features include email digests reports, ability to share video via email or text message, case management, and live chat for customer support.

"Our customers will benefit greatly from the monthly recurring service model as it requires a low up-front capital expenditure to upgrade their existing legacy solution and IP based security video cameras to Solink's cloud based solution," said Dan Poirier, Chief Executive Officer of Posera Ltd.

"We're excited to combine Posera's reputable point-of-sale technology and customer service with the security solution that we've built, specifically for the hospitality industry," said Mike Matta, Chief Executive Officer of Solink.

About Posera

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include SecureTablePay®, which is an EMV compliant Pay-At-The-Table ("PATT") application. Posera's MaitreD'® and FingerPrintsTM restaurant management systems offer a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support. Posera's solutions are deployed globally including across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

Posera Ltd.'s shares are traded on the Toronto Stock Exchange under the symbol "PAY". 

More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

About Solink

Solink was founded in 2009 to tackle ATM fraud with a focus on making video a proactive source of insight. Since then, the company has developed a cloud-based security and loss prevention solution that is deployed in thousands of locations in the quick service, retail and financial space. Solink is headquartered in Ottawa, Canada. For more information visit solinkcorp.com

Forward-Looking Statements 

This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management.  The forward-looking statements are not historical facts, but reflect Posera's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March 31st, 2017 with the regulatory authorities. Posera assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless required by law. 

SOURCE Posera Ltd.

For further information: Kevin Mills, Chief Financial Officer, 1.416.703.6462 ext. 2203, ir@posera.com, www.posera.com


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