Press release

Lavu Gives Employees a Stake in the Company

Sponsored by Businesswire

Lavu, an industry leader in restaurant management technology platforms,
announced its implementation of an employee stock option plan to grant
stock options to its growing workforce.

In announcing the stock option plan to staff, Saleem S. Khatri, CEO of
Lavu, noted that “Lavu is at an inflection point and this is a great
time for the company to thank those employees who have helped us get to
where we are today. Our Lavuers have built and shaped this company into
what it is – a rocket ship.”

Lavu’s continued growth in the restaurant management technology space
has resulted in a steady expansion of its workforce in Lavu’s
Albuquerque, New Mexico headquarters as well as its offices in Miami,
Florida and Hyderabad, India. All qualified U.S.-based employees will be
offered an opportunity to participate in Lavu’s employee stock option

For many start-ups that see rapid growth, the retention of valuable
employees is a defining element of success. Lavu’s decision to allow
employees to obtain equity in the company will deepen the already strong
commitment that Lavuers have to the company.

“Lavu is a great example of a local company fostering growth for their
employees. The value for local workers and the strength of the local
economy when homegrown companies grow and succeed is so important for
Albuquerque—it’s a focus of our economic development strategy,” stated
Mayor Tim Keller.

Albuquerque’s job market is growing as is its tech scene. Lavu was
founded in Albuquerque in 2010, and its decision to retain and expand
its headquarters in New Mexico sends a strong message to other
technology start-ups about the attractiveness of Albuquerque. Lavu is
located in the heart of downtown Albuquerque, where an influx of jobs
and funding are rejuvenating the area.

About Lavu:

Lavu is the world’s leading mobile point-of-sale system for restaurants
and bars. Used in food service establishments in more than 90 countries,
Lavu is a full-featured iPad-based POS system. Lavu was the first iPad
point of sale in the Apple App Store and continues to offer the latest
in features and functionalities. Offering flexible payment-processing
solutions, an intuitive interface, and a proprietary business management
suite, Lavu’s restaurant management platform is ideal for all food and
drink establishments.