Restaurant management platform Upserve has acquired SimpleOrder, an Israel-based inventory management platform for restaurants.
Established in 2012, the inventory management platform was founded by Ibex Investors and Cyrus Capital Partners and currently has operations in more than 25 countries.
As part of the deal, SimpleOrder will be integrated into Upserve’s inventory solution to assist restaurants with real-time food costing, automated inventory management and one-click purchasing.
Upserve CEO and founder Angus Davis said: “By acquiring SimpleOrder, we bring the industry’s best-in-class inventory solution to our comprehensive restaurant management platform, the magic ingredient that helps restaurants boost profitability.
“Customers using Upserve Inventory save 30-50 hours every month and report 5-8% improvement in their margins. Simply put, if your restaurant doesn’t have it, your profit margins are suffering.”
Following the transaction, SimpleOrder will be rebranded as SimpleOrder by Upserve and will continue to operate outside the US.
Upserve Inventory helps restaurants adapt recipes to limit waste and reduce over-ordering.
Restaurant operators can also manage vendor relationships by creating and sending orders digitally to each supplier, as well as tracking deliveries through a mobile app.
The inventory solution allows restaurant owners to manage multiple restaurants through a central online kitchen and assist them to source from local and niche food and beverage distributors.
SimpleOrder CEO and co-founder Guy Even-Ezra said: “We’re absolutely thrilled to be teaming up with a forward-thinking company to realise the vision of an end-to-end solution for the restaurant industry.”