Just Eat acquires PoS provider Practi
Written by Peter Walker
Just Eat has acquired point of sale (PoS) software provider Practi for an initial £6.7 million, with further payments dependent on the achievement of certain commercial milestones.
According to a statement from the online food delivery firm, the deal will strengthen its partnership with the thousands of restaurant partners on the platform.
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.
The company said this will transform its offering to restaurants, providing the PoS through which all their offline and online transactions are handled, the software through which they will manage their business, and facilitating deep integration with their online business and customer promotions.
Practi builds on the acquisition of Flyt, which connects Just Eat’s platform to restaurants chains’ existing PoS systems.
Practi’s founders, Ohad Folman and Edan Folman, will continue to work at Practi, ensuring their expertise remains at the core of the business within the Just Eat group.
Peter Duffy, interim chief executive at 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.”