Wednesday, November 24, 2021

QLess Acquired By Private Equity Investor

Pasadena-based QLess, which develops software for managing virtual customer waiting lines, said on Tuesday evening that it has been acquired by Palisades Growth Capital, along with a syndicate of un-identified family offices. Financial terms of the acquisition were not announced. QLess powers virtual check-ins for virtual lines, where people can check in and receive SMS updates about wait times. QLess is led by President and CEO Mark Tapling. Palisades Growth Capital has been an investor in QLess for four years; co-managing partner Paul D'Addario sits on the QLess board of directors.