software/technology

PAR Closes Strategic Acquisitions Totaling Approximately $400 Million

by Katie Lee March 11, 2024

New Hartford, N.Y. — PAR Technology Corporation, a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, has closed two transactions that expand its cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets. PAR has entered into an agreement to acquire TASK Group for cash and PAR common stock at an implied value of approximately $206 million assuming an all-cash transaction, and has completed its acquisition of Stuzo Holdings, LLC for approximately $190 million paid in cash and stock. …

March 11, 2024

franchise development News Product Spotlight restaurants software/technology vendors

Caribou Coffee Selects Toast to Support Growing Coffeehouse Footprint

by Katie Lee February 23, 2024

Boston — Toast, the digital technology platform built for restaurants, has formed an agreement with Caribou Coffee to implement Toast Enterprise Solutions across 500 initial coffeehouse locations in the United States. In addition to Toast point-of-sale (POS) terminals, Caribou Coffee will use Toast Payments, Kitchen Display Systems (KDS) and Multi-Location Management. To help support the brand’s growing coffeehouse footprint, Caribou Coffee sought a modern technology partner with a robust, scalable POS solution that would be easy to use for all stakeholders including company and franchisee operators and team members. Focused …

February 23, 2024

News Product Spotlight retailers software/technology vendors

Waldo’s Dollar Mart Streamlines Retail Operations with Oracle Cloud

by Katie Lee February 20, 2024

Austin, Texas, and Lerma, Mexico — Mexican retailer Waldo’s Dollar Mart is using Oracle Cloud finance and merchandising applications to manage its complex, multi-format business model while continuing to scale to offer customers more choices in products and buying channels. By moving to Oracle Cloud, Waldo’s consolidated and rationalized more than 62 legacy applications and streamlined its distinct business processes across its grocery and clothing operations. Waldo’s operates more than 800 grocery and clothing stores throughout Mexico. By continuing to modernize its operations with Oracle Cloud, Waldo’s can now improve …

February 20, 2024

construction and design News remodels restaurants software/technology

Corner Bakery Cafe Continues Holistic Brand Revitalization in 2024

by Katie Lee February 20, 2024

Dallas — When SSCP acquired Corner Bakery Cafe in June 2023, its goal was to stabilize the brand and lay a strong foundation that would drive growth of the 100+ unit chain in 2024 and beyond. Less than 6 months later, Corner Bakery Cafe’s comprehensive brand revitalization efforts are well underway — already resulting in positive sales growth, steady employee retention and improved guest experience. In addition, Corner Bakery Cafe is embarking on a comprehensive plan to remodel most of its corporate cafes in the coming months. Simultaneously, the brand …

February 20, 2024

News restaurants software/technology vendors

Restaurant365 Names New Chief Financial Officer

by Katie Lee February 14, 2024

Irvine, Calif. — Restaurant365, a leading all-in-one restaurant enterprise management platform, has named Jessica Lanier as its new chief financial officer, effective immediately. Lanier most recently served as vice president of finance at Qualtrics. “Jessica is a world-class finance leader, and we’re grateful to add her to our talented team. She will fit right in as she brings a passion for high-growth SaaS and experience with the milestones we plan to reach on the road ahead,” says Tony Smith, CEO and co-founder of Restaurant365. Prior to Qualtrics, Lanier served as …

February 14, 2024

energy management facilities management green building/LEED green news HVAC/R News restaurants software/technology vendors

Panda Express Partners with GridPoint Across All U.S. Restaurant Locations

by Katie Lee January 29, 2024

Reston, Va. — GridPoint, a leading cleantech company that decarbonizes commercial buildings and accelerates the transition to a sustainable energy future, has expanded its partnership with Panda Express, the largest Asian dining concept in the United States. With nearly 2,500 locations, Panda Express will deploy GridPoint Intelligence™ to all U.S. locations during the next 18 months to optimize energy consumption, reduce energy costs and ensure that all restaurants remain at maximum temperature comfort for its guests and associates throughout varied climate conditions year-round. “We have sought solutions that can deliver …

January 29, 2024

News restaurants software/technology vendors

Bob Evans Selects PAR Technology to Enhance Guest Experience and Loyalty

by Katie Lee January 25, 2024

New Hartford, N.Y. — ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, has been chosen by Bob Evans, the iconic family-style restaurant chain with 437 locations in the U.S., for its industry-leading loyalty and offer solution PAR Punchh®. PAR Punchh will provide customers with personalized offers and rewards through the Bob Evans app, including family deals, value offers and convenient online takeout options. “At Bob Evans, we extend our hospitality well beyond the delicious dishes we serve. We want every guest …

January 25, 2024

Industry Voices restaurants security/loss prevention software/technology vendors

Finding Fraud

by Katie Lee January 24, 2024

— By Anneliese Scherer — Forensic accounting for restaurants. Among business owners facing the highest fraud risk are restaurant owners, who are often susceptible to asset misappropriation schemes. This is where a forensic accounting expert can play an invaluable role. It involves the application of accounting and investigative skills to analyze financial data, transactions and records related to a restaurant’s operations. The goal is to uncover financial irregularities and potential fraud. Employees perpetrate the most common fraud schemes at restaurants, including various cash and inventory misappropriation schemes. Cash Misappropriation An …

January 24, 2024

News Product Spotlight restaurants software/technology vendors

Vox AI to Debut New Conversational Voice AI for Drive-Thru Restaurants

by Katie Lee January 19, 2024

Amsterdam — Vox AI plans to debut its advanced AI and machine learning technology designed for seamless restaurant drive-thru orders. An AI breakthrough that is efficient, conversational and speaks 35 languages, Vox AI is the perfect tool for drive-thru and QSR businesses to relieve overworked employees and boost revenues by up to 17% and increase ROI by 14 times. There are over 200,000 drive-thru restaurants in the U.S. — which represent about 70% of fast food sales. Increasing efficiency is one of the primary goals of drive-thru restaurants, but current …

January 19, 2024

energy management Industry Voices software/technology vendors

Extreme Measures

by Katie Lee January 17, 2024

— By Drew Holst — How AI and IoT can team up to help compensate for the costs of extreme weather. Multi-site retailers and restaurants require a significant amount of energy to operate, even when energy prices rise. Keeping every location at the right temperature is imperative for providing the best possible customer experience. That requires adequate heating or air conditioning, no matter what. Moreover, for restaurants, the use of energy-intensive equipment, such as refrigerators or freezers, is imperative to ensure food safety. But that has consequences: The U.S. Energy …

January 17, 2024

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