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Chowly Announces Acquisition Of Koala

Feb 01, 2023•almost 3 years ago

Acquiring Company

Chowly, Inc.

Acquired Company

Koala

ChicagoReservationsFood and BeverageHospitalitySoftwareHospitalitySaasSoftware

Description

Chowly, a restaurant technology company that integrates third-party delivery marketplaces with point-of-sale (POS) systems, today announced its acquisition of Koala, a guest experience platform that empowers established and emerging restaurant brands to elevate their digital ordering experience across web, app and kiosk to drive immediate results. The combined business will represent over 16,000 restaurant locations on the platform, integrating over 350,000 orders per day across the US.

Company Information

Company

Chowly, Inc.

Location

223 W ERIE ST.

Chicago, Illinois, United States

About

Chowly is a leading POS integration company that enables restaurants to expand and maintain their off-premise capabilities. Chowly seamlessly integrates orders from the industry’s largest platforms – such as Grubhub, Ubereats, Doordash, Google and hundreds more – directly into a restaurant’s POS system. Chowly's solution features over 12,000 restaurants and continues to solidify the company's mission of simplifying technology for restaurants. To learn more, visit https://chowly.com/.

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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