Itsacheckmate Acquires Open Tender, A First-Party Ordering Platform For Restaurants

Mar 21, 2023•over 2 years ago

Acquiring Company

ItsaCheckmate

Acquired Company

Open Tender

Food and BeverageHospitalityFood And Beverage

Description

ItsaCheckmate, the center of a restaurant’s digital ordering business, announces the acquisition of Open Tender, a first-party digital ordering and guest engagement platform that provides highly customizable and engaging designs for branded websites, mobile apps, and kiosks.

Company Information

Company

ItsaCheckmate

About

ItsaCheckmate allows restaurants to focus on what matters: serving up delicious food and delightful dining experiences. With ItsaCheckmate, operators can toss the tablets in a drawer and control their online orders and menus straight from their POS - updating everything from item availability to pricing - resulting in higher profits, reduced order errors, and happier staff and customers. ItsaCheckmate proudly works with 20,000+ global restaurant locations, 50+ POS systems, and 100+ ordering platforms including UberEats, DoorDash, Grubhub, and many more.

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

Itsacheckmate Acquires Open Tender, A First-Party Ordering Platform For Restaurants

Description

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M&A Insights

Company Information