Just Eat has announced the acquisition of Practi, a software service that provides independent restaurants and small chains with tablet-based point of sale (PoS) and restaurant management systems.
The acquisition is aimed at strengthening Just Eat’s partnership with the thousands of restaurants on its platform while helping to drive increased orders and efficiency for outlets..
Whether by deploying new tablets or by incorporating Practi’s software on Just Eat’s Orderpads, it 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.
Practi builds on the acquisition of Flyt, which connects Just Eat’s platform to restaurants chains’ existing PoS systems.
Just Eat’s Practi based offering will target restaurants that do not already have PoS systems, offering them benefits of PoS and restaurant management software. Combined, the two acquisitions will allow Just Eat to cover the full spectrum of restaurant partner needs.
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 cost is an initial £6.7m with further payments dependent on the achievement of certain commercial milestones.