Just Eat, a leading global marketplace for food delivery, announced on Tuesday (April.16th) that it has acquired Practi, a software service that provides independent restaurants and small chains with tablet-based Point of Sale (PoS) and restaurant management systems.
The acquisition cost is an initial £6.7m with further payments dependent on the achievement of certain commercial milestones.
The acquisition will help boost Just Eat’s partnership with the thousands of restaurant partners on its platform, either by deploying new tablets with new restaurants or by incorporating Practi’s software on Just Eat’s Orderpads.
Through the acquisition, the company plans to 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 a number of different devices.
Earlier this year, Just Eat acquired Flyt for £22m, a software company that provides software for restaurants and restaurant suppliers.
The acquisition helped connect Just Eat’s platform to restaurant chains’ current PoS systems.
Practi’s founders, Ohad Folman, and Edan Folman will both remain at the company.
Peter Duffy, interim chief executive officer at 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.”