US software company Infor has snapped up Vivonet, a Vancouver-based company that specialises in cloud-based hospitality solutions.
With the acquisition, Infor’s suite of solutions for hospitality will be expanded with point-of-sale (POS) from Vivonet for companies in the foodservice management, hotel food and beverage micro-verticals and full and quick service restaurant industry.
Established in 2000, Vivonet provides solutions for kitchen systems, payments, POS, kiosks, labour scheduling, and food and labour cost management.
Vivonet products are being used at more than 4,000 locations, with clients including Sodexo, Delaware North, Burger 21, Pita Pit, Booster Juice and Texas Chicken & Burgers.
Commenting on the acquisition, Infor CEO Charles Phillips said: “Vivonet’s specialised applications are highly complementary to Infor, creating a more comprehensive suite for customers, and expanding our marketing opportunity into three new foodservice micro-verticals.
“Last-mile industry functionality enables customers to use the cloud to harness the power of their mission-critical data to transform their business with machine learning, predictive analytics, and artificial intelligence.”
Infor’s customers include six of the top ten largest hotel brands and nearly 20,000 hotel and casino locations across the globe use Infor products.
The company has a workforce of 16,500 staff and serves more than 90,000 customers in over 170 countries.
Financial terms of the transaction have not been revealed.