Dtiq Announces Significant Global Expansion And Bolsters Its Drive-Thru Solution Offering With Summit Innovations Acquisition
Acquiring Company
DTiQ
Acquired Company
Summit
Marlborough
KelownaInformation TechnologySoftwareSoftwareAnalyticsInsuranceSaaSDescription
DTiQ announced today that it will be acquiring Summit Innovations, a world leader in drive-thru timing and management solutions to leading Quick Service Restaurant (QSR) brands globally. Summit's proprietary technology is installed in over 10,000 restaurants in more than 40 countries. DTiQ expects the acquisition to close sometime in early fiscal Q4 2022.
Quick answer
DTiQ is acquiring Summit, announced October 17, 2022. DTiQ is based in Marlborough, Massachusetts, United States.
- How much did DTiQ pay for Summit?
- The deal value was not disclosed.
- What does DTiQ do?
- DTiQ offers state-of-the art SaaS video surveillance, analytics and next gen Drive Thru solutions to improve loss prevention and operational excellence at multi-location Quick Service and Table Service Restaurants,..
- Where are DTiQ and Summit based?
- DTiQ is based in Marlborough, Massachusetts, United States. Summit is based in Kelowna, British Columbia, Canada.
- Who are the decision-makers at DTiQ?
- Fundz holds 2 contacts at DTiQ. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at DTiQ, and when
When DTiQ changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day DTiQ raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DTiQ, from your own LinkedIn network
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Frequently asked
Who acquired Summit?
Summit was acquired by DTiQ, based in Marlborough. The deal was reported on October 17, 2022. DTiQ is privately held and operates in Information Technology.
When did DTiQ acquire Summit?
DTiQ's acquisition of Summit was reported on October 17, 2022. DTiQ announced today that it will be acquiring Summit Innovations, a world leader in drive-thru timing and management solutions to leading Quick Service Restaurant (QSR) brands globally. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Summit do?
Summit Innovations is a world leader in the development and provision of drive-thru timing and management solutions to leading Quick Service Restaurant (QSR) brands across the globe. It is privately held, operating in Software, and is based in Kelowna.
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