December 28, 2018
Infor, a provider of industry-specific cloud applications, has acquired Vivonet, Inc., a provider of cloud-based hospitality solutions, according to a press release. The acquisition extends Infor's suite of solutions for hospitality with point-of-sale and inventory and procurement functionality for companies in the foodservice management, full and quick service restaurant, and hotel food and beverage micro-verticals.
Vivonet offers solutions for POS, kiosks, kitchen systems, payments, labor scheduling, and food and labor cost management. Vivonet products are deployed at more than 4,000 locations, with customers including Sodexo, Delaware North, Booster Juice, Burger 21, Pita Pit and Texas Chicken & Burgers.
"Vivonet's specialized applications are highly complementary to Infor, creating a more comprehensive suite for customers, and expanding our marketing opportunity into three new foodservice micro-verticals," Charles Phillips, CEO of Infor, said in the press release. "Last-mile industry functionality enables Infor customers to use the cloud to harness the power of their mission-critical data to transform their business with machine learning, predictive analytics and artificial intelligence."
The terms of the transaction were not disclosed.