Vivonet Acquisitions Acquires Syrus Restaurant Information Services
Vivonet Acquisitions Ltd., a provider of SaaS-based point of sale solutions, completed the acquisition of Syrus Restaurant Information Services, a SaaS provider of back office solutions and above store reporting systems used by more than 2,500 restaurants consisting of local, regional, and national chains.
Under the terms of the agreement, Vivonet has acquired Syrus in an all cash transaction. The deal is intended to accelerate Vivonet's strategy of providing best-in-class solutions to the hospitality industry.
"Syrus has an impressive list of customers in the food service industry," said Vivonet President and CEO, Alaa Pasha. "Their SaaS platform integrates with the leading point of sale systems in the market and we intend to extend and enhance that support for all of the great partnerships that Syrus has established. We were also attracted to the unmatched level of customer service that Syrus provides to their clients. We look forward to working with Syrus to further enhance our capability to turn transactions into insights for our clients. Furthermore, the Syrus multi-tenant architecture and SaaS delivery model make this a perfect match for the Vivonet SaaS point of sale solution."
"We are extremely pleased to be part of Vivonet," said Syrus President and CEO, Jim Karam. "The new combined company will provide Syrus the resources to enhance our product suite, present more value to our customers, and provide Vivonet customers with a highly integrated solution for labor, inventory, and ordering. Our historic focus on the customer and high touch service model complements Vivonet and their high NPS scores for customer service."
Under the terms of the agreement, Vivonet has acquired Syrus in an all cash transaction. The deal is intended to accelerate Vivonet's strategy of providing best-in-class solutions to the hospitality industry.
"Syrus has an impressive list of customers in the food service industry," said Vivonet President and CEO, Alaa Pasha. "Their SaaS platform integrates with the leading point of sale systems in the market and we intend to extend and enhance that support for all of the great partnerships that Syrus has established. We were also attracted to the unmatched level of customer service that Syrus provides to their clients. We look forward to working with Syrus to further enhance our capability to turn transactions into insights for our clients. Furthermore, the Syrus multi-tenant architecture and SaaS delivery model make this a perfect match for the Vivonet SaaS point of sale solution."
"We are extremely pleased to be part of Vivonet," said Syrus President and CEO, Jim Karam. "The new combined company will provide Syrus the resources to enhance our product suite, present more value to our customers, and provide Vivonet customers with a highly integrated solution for labor, inventory, and ordering. Our historic focus on the customer and high touch service model complements Vivonet and their high NPS scores for customer service."