Sigma Capital-backed Posera sells POS system to Sicom

Posera Ltd (TSX: PAY), a portfolio company of Sigma Capital Partners, has sold its FingerPrints point-of-sale system to Sicom Systems Inc, a Doylestown, Pennsylvania provider of end-to-end solutions for quick service and fast casual restaurants. Posera sold the system, used by more than 1,100 restaurants in Canada, for $12.2 million. Posera, a London, Ontario-based provider of hospitality technology, said the divestiture will allow it to focus on its core products. Sigma, a U.S. technology private equity firm, invested in the company in 2014.

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