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Foodics acquires Solo Venture and leads investment rounds in 3 pioneering startups

Feb 12, 2025•6 months ago

Acquiring Company

Foodics

Acquired Company

Solo Venture

OuakaHospitality

Description

Foodics, the leading restaurant and payments technology company in MENA, has acquired 100% of Solo Venture, a UK-based provider of self-ordering kiosks, white-label website, and application ordering technology. This strategic acquisition underscores Foodics' commitment to providing a comprehensive 360° SaaS ecosystem for the F&B industry. In addition, Foodics has announced investments in three strategic, pioneering startups: Norma, Add, and Arzaq Plus, aimed at creating valuable solutions that drive growth and deliver tangible success in the industry.

Company Information

Company

Foodics

About

Cloud-based POS & restaurant management system that gives business owners a holistic overview of their company and its operations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed