Just Eat has acquired Practi – a software service that restaurants with tablet-based point of sale (PoS) and management systems – for an initial £6.7m.
Food delivery company Just Eat said the strategic acquisition further strengthened its partner with the thousands of restaurant partners on its platform, and that it would transform its offering.
Whether by deploying new tablets or by incorporating Practi’s software on Just Eat’s Orderpads, Just Eat will provide its restaurant partners with PoS, cash and card payment handling, inventory management, kitchen operation and employee management systems, all within a single software package across multiple devices, it said.
Peter Duffy, interim chief executive officer, Just Eat said: “We are very excited about the acquisition of Practi. We found that many of our restaurant partners were calling for this type of software to help manage their businesses.
“It will play a vital role in supporting small and medium sized restaurants as it transforms how they run their restaurants and deliver the best service for customers through Just Eat.”
The acquisition was for an initial £6.7m with further payments dependent on the achievement of certain commercial milestones.
Precis
Just Eat has acquired Practi – a software service that restaurants with tablet-based point of sale (PoS) and management systems – for an initial £6.7m. Food delivery company Just Eat said the strategic acquisition further strengthened its partnership with its restaurant partners on its platform, and that it would transform its offering. The acquisition will allow Just Eat to provide its restaurant partners with PoS, cash and card payment handling, inventory management, kitchen operation and employee management systems, either on new tablets or by incorporating Practi’s software onto its existing orderpads. Peter Duffy, interim chief executive officer, Just Eat said: “We found that many of our restaurant partners were calling for this type of software to help manage their businesses. It will play a vital role in supporting small and medium sized restaurants as it transforms how they run their restaurants and deliver the best service for customers through Just Eat.”
