365 Retail Markets announces the acquisition of Spoonfed
Global technology leader to benefit from dynamic catering platform positioned for growth
TROY, Mich., December 13, 2021 / PRNewswire / – 365 Retail Markets (â365â), a leading provider of self-service commerce technologies for the restaurant industry, today announced the acquisition of Spoonfed, a Glasgowbased company whose software is used by global contract caterers, restaurant chains and independent caterers in the US, UK and the west Europe.
Spoonfed is a web-based software subscription service, founded in Scotland through Willie biggart and Murray McNicol. The company has grown rapidly since its launch in 2013 and is now used by many global brands and institutions, including 3 of the world’s top 10 universities. It offers significant efficiency gains for a wide range of catering activities. With the help of a software contractor Steven Wojciechowski, they created a dynamic software solution to support their customers.
Founded in 2008, 365 Retail Markets offers a full range of self-service technologies for foodservice operators. Today, the company’s technology solutions – integrated end-to-end SaaS software, payment processing and point-of-sale hardware – power food retail spaces in corporate offices, manufacturing facilities. and distribution, and more, offering attractive dining options to consumers. 365’s technology solutions include a growing suite of smart frictionless stores, vending machines and point-of-sale options to meet the growing needs of its customers.
Spoonfed’s technology exhibits synergies with the existing product offering of 365, and 365 CEOs Joe hessling believe this will add additional value to their growing range of solutions for their customers. “We are proud of the significant growth we have achieved to date as we create value for stakeholders in the restaurant industry as well as corporate campuses, and we see tremendous opportunities ahead. “said Hessling. âWe have built a fantastic relationship with the team at Spoonfed, and they share our vision for the company. They fit in perfectly culturally with our team at 365, and we are delighted to partner with them as We are entering this next chapter of our Business Growth targets the international markets, higher education and restaurant business sectors. “
The deal involves 365 retail markets to take full ownership of Spoonfed, providing exit to the investor base, including major backers Equity Gap and Scottish Enterprise. 365 will provide the capital, international network and support to Spoonfed to realize its full potential, particularly in the US and European markets as part of the larger 365 product portfolio. Biggart and McNicol will remain involved in running the business, working alongside Allison sutera, Director of Growth at 365.
Murray McNicol Spoonfed co-founder said: âWorkplace catering is an unrecognized industry, working tirelessly behind the scenes to serve its customers. At Spoonfed, we just want to make their day better by providing them with the best tools to help them produce and deliver great food, without worrying about administration. In particular, during the time of Covid-19, we have worked hard to develop the right solutions to enable caterers to emerge in good shape to face the new landscape of work. It’s great that Joe hessling and the 365 Retail Markets team recognized the efforts of our entire team and we are excited to work with them to help build on the success of their exceptional suite of self-service products. ”
About 365 retail markets
365 Retail Markets is the global leader in self-service technology and services for the catering industry. 365 has won numerous awards for its innovation and growth, including being repeatedly on the Inc. 5000 list of the fastest growing private companies in the United States. Through our combination of MicroMarket, sales and catering technologies, we offer the best point of service platform for the workplace. 365 offers a consolidated approach to operators looking for a streamlined system that consumers love to use. 365 has been a pioneer of innovation in the industry since 2009 and continues to revolutionize the market with superior technology, strategic partnerships and ultimate flexibility in personalization and branding. 365 is committed to capturing every transaction, every time, by delivering secure, scalable and reliable products. For more information on 365 retail markets, visit www.365retailmarkets.com. You can also follow 365 Retail Markets on Facebook, Twitter, YouTube, and LinkedIn.
Spoonfed is a leading provider of catering software in the institutional market, where clients include both stand-alone organizations and the world’s leading contract catering providers, in turn serving global brands in the business sectors, education, defense and recreation, as well as retail and restaurant operators. Combining an intuitive, white-label online ordering platform with comprehensive background management, caterers benefit from a feature-rich solution, configured to their needs. For more information on Spoonfed, visit getspoonfed.com. You can also follow Spoonfed on Facebook, Twitter, and LinkedIn.
365 retail markets
with a spoon
Jason rose or Jane Lynchehaun at Hot Tin Roof PR
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SOURCE 365 Retail Markets, LLC