Dive Brief:

• San Francisco-based point-of-sales software company Revel Systems Tuesday announced that it has raised as much as $100 million in Series C funding, led by private equity firm Welsh, Carson, Anderson & Stowe. 

• The company, founded two years ago, sells iPad-based POS systems for restaurants and retailers. It’s been growing steadily but could take off as retailers look to replace older systems in light of cybersecurity concerns and new rules requiring chip-and-PIN payment cards.

• Revel’s co-founders say the company may go public within two to three years and is considering switching from an upfront sale to a subscription model. Welsh, Carson, Anderson & Stowe says Wall Street would prefer this model because it guarantees steady income.

Dive Insight:

Revel Systems, like ShopKeep, Square, and Poynt, among others, has an unusual opportunity to install their systems, not because they are particularly disruptive, but because POS is in something of a disrupted state.

With data hacks becoming alarmingly regular and mobile payments apparently surging, many retailers and restaurants of all sizes are looking to change up their POS systems. Many of these systems, like Revel’s, also provide inventory and analysts software, among other added capabilities.