TouchBistro Inc.

SpotOn Announces Sale of Sports & Entertainment Unit, Doubling Down on Restaurant Business

Retrieved on:

Monday, October 2, 2023

The move will streamline the SpotOn business, focusing resources on the restaurant industry.

Key Points:

The move will streamline the SpotOn business, focusing resources on the restaurant industry.
SpotOn Restaurant has delivered high double-digit growth year over year and has been rated the #1 restaurant point-of-sale by real users.
“The unique structure of this deal enables SpotOn to accelerate product development in support of our restaurant business while ensuring that our Sports & Entertainment clients are well supported going forward,” said Zach Hyman, co-founder and co-CEO of SpotOn.
NerdWallet recently named SpotOn Restaurant the best customizable restaurant POS system.

Global Automotive Electric HVAC Compressor Market Analysis 2022-2031: EV Adoption Drives Market Expansion - ResearchAndMarkets.com

Retrieved on:

Wednesday, September 13, 2023

The "Global Automotive Electric HVAC Compressor Market, By Component, By Cooling Capacity, By Voltage Range, By Vehicle Type, By Drive Train, By Sales Channel, Estimation & Forecast, 2018-2031" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Global Automotive Electric HVAC Compressor Market, By Component, By Cooling Capacity, By Voltage Range, By Vehicle Type, By Drive Train, By Sales Channel, Estimation & Forecast, 2018-2031" report has been added to ResearchAndMarkets.com's offering.
The global automotive electric HVAC compressor market, valued at USD 10.51 billion in 2022, is projected to witness substantial growth, reaching USD 58.32 billion by 2031, at a robust CAGR of 21.33% during the forecast period.
This growth is attributed to the surge in electric vehicle (EV) adoption and the rising demand for efficient HVAC systems.
Electric HVAC compressors, featuring energy efficiency and compact size, are gaining popularity in EVs, replacing traditional belt-driven compressors.

Global Kitchen Display Systems Market Analysis 2022-2030: Efficiencies and Growth Prospects in Focus - ResearchAndMarkets.com

Retrieved on:

Wednesday, September 13, 2023

The Global Kitchen Display Systems (KDS) Market, standing at US$ 434.52 Mn in 2022, is projected to reach US$ 725.53 Mn by 2030, expanding at a CAGR of 7.06% during the forecast period.

Key Points:

The Global Kitchen Display Systems (KDS) Market, standing at US$ 434.52 Mn in 2022, is projected to reach US$ 725.53 Mn by 2030, expanding at a CAGR of 7.06% during the forecast period.
The growth of the global KDS market is largely driven by increasing automation across restaurants and the growing focus on enhancing efficiency to cut labor costs and improve consumer experiences.
These factors have led to a higher adoption rate of KDS in the hospitality industry, thereby bolstering the market growth.
The report provides further insight into the global KDS market, such as:
Insights into the drivers and restraints impacting market growth.

MarginEdge Selected by TouchBistro for Restaurant Back-of-House Profit Management Solution

Retrieved on:

Wednesday, September 13, 2023

Office management, Partnership, TouchBistro Inc., Invoice processing, Sale, Scan, Restaurant, Automation, Software, Online shopping

ARLINGTON, Va., Sept. 13, 2023 /PRNewswire/ -- MarginEdge, the leading restaurant management and bill payment platform, announced its technology has been chosen by TouchBistro to power TouchBistro's Profit Management, a robust back office management system built just for restaurants. Powered by automation and driven by data, the centralized solution provides restaurants with the tools required to track food costs in real time, adjust recipes for maximum profitability, process invoices digitally, streamline accounting processes, standardize inventory management across multiple locations, and more. This addition completes a comprehensive suite of back-of-house solutions for improved profitability.

Key Points:

ARLINGTON, Va., Sept. 13, 2023 /PRNewswire/ -- MarginEdge, the leading restaurant management and bill payment platform, announced its technology has been chosen by TouchBistro to power TouchBistro's Profit Management, a robust back office management system built just for restaurants.
We are excited to have been chosen by TouchBistro to complete their restaurant management solution offering," said Bo Davis, CEO of MarginEdge.
Key features of TouchBistro Profit Management Powered by MarginEdge include:
Inventory & Food Usage Automations: Track food costs and pinpoint waste more accurately with a digital inventory management system that updates prices daily.
Multi-Location Management: One centralized, privacy-protected platform to standardize inventory management across locations and access consolidated sales reports.

TouchBistro Launches Suite of Back-of-House Solutions to Help Restaurants Control Costs and Increase Profit Margins

Retrieved on:

Tuesday, August 22, 2023

TouchBistro today announced the launch of a comprehensive suite of back-of-house (BOH) solutions that help restaurateurs improve profitability by automating operations and profit management analysis that directly impact the bottom line.

Key Points:

TouchBistro today announced the launch of a comprehensive suite of back-of-house (BOH) solutions that help restaurateurs improve profitability by automating operations and profit management analysis that directly impact the bottom line.
TouchBistro’s goal has always been to help restaurants grow and succeed by providing restaurant specific management solutions to lower costs, improve operational efficiencies and create great guest experiences.
TouchBistro Kitchen Display System (KDS), Powered by Fresh, delivers accurate orders instantly to the kitchen for preparation.
These tools give them the real-time visibility they require to control costs and streamline workflows,” explains Zabaneh.

NEW PARTNERSHIP BETWEEN ATLAS: EARTH AND NATIONAL FOOD CHAINS DRIVES IRL TRANSACTIONS THROUGH VIRTUAL GAME

Retrieved on:

Wednesday, April 12, 2023

Food, AMP, TouchBistro Inc., Atlas, Saladworks, Meal, Restaurant, Online shopping, EARTH

AUSTIN, Texas, April 12, 2023 /PRNewswire/ -- ATLAS: EARTH, the popular virtual real estate game, today announced new partnerships with national food chains Zoup! and Barberitos, enabling players to earn rewards when they order their favorite meals. By linking select credit cards to the ATLAS: EARTH app, consumers will now receive in-game currency for every dollar spent at the restaurants, which can be used to buy virtual properties in the ATLAS metaverse. Other brands already signed up for the Atlas Merchant Platform (AMP) have seen player visits increase by as much as 15 percent and average order values increase by 10 percent.

Key Points:

and Barberitos can now earn virtual currency for real-world purchases through the ATLAS: EARTH app
AUSTIN, Texas, April 12, 2023 /PRNewswire/ -- ATLAS: EARTH , the popular virtual real estate game, today announced new partnerships with national food chains Zoup!
By linking select credit cards to the ATLAS: EARTH app, consumers will now receive in-game currency for every dollar spent at the restaurants, which can be used to buy virtual properties in the ATLAS metaverse.
New partnerships between ATLAS: EARTH and national food chains enable players to earn rewards when they order meals.
and Barberitos join other major US retailers, who are already using the platform to drive thousands of transactions each week.

Mercatus Bolsters Leadership Team Adding New COO and CTO

Retrieved on:

Thursday, March 9, 2023

As the grocery industry continues to experience elevated online sales post-pandemic, grocery retailers understand the value of owning their customer relationships.

Key Points:

As the grocery industry continues to experience elevated online sales post-pandemic, grocery retailers understand the value of owning their customer relationships.
Mercatus was at the forefront in 2019 advocating for regional grocers to take back control of their digital future by owning their first-party web and mobile shopping channels.
"I'm thrilled to be joining the Mercatus team at this exciting stage in their journey,” said Bosch.
Prior to joining Mercatus, Benteau served as CTO at Precima, a leading global retail strategy and analytics company acquired by NeilsenIQ.

Texan Restaurateurs Faced with Rising Food Costs and Lower Profit Margins Struggling to Keep Menu Prices Down

Retrieved on:

Wednesday, March 1, 2023

Professional Services, Data Management, Retail, Restaurant, Bar, Small Business, Technology, Food, Beverage, Online, Social media, Seafood, Uber Eats, Meat, Vegetable, City, DoorDash, TouchBistro Inc., Fast food

Both cities have also seen a significant increase in the cost of food and other expenses.

Key Points:

Both cities have also seen a significant increase in the cost of food and other expenses.
Restaurateurs in Dallas and Houston report spending 46% and 41% more, respectively, on food costs on average compared to the year prior – figures that are in line with the national average.
Staff training costs vary wildly – Restaurateurs in Houston report spending an average of $2,937 to train each new employee, which is about 25% lower than the national average.
The Dallas Report can be downloaded for free at https://www.touchbistro.com/blog/dallas-state-of-restaurants-report/ and the Houston Report can be downloaded for free at https://www.touchbistro.com/blog/houston-state-of-restaurants-report/ .

Restaurateurs Faced With Rising Food Costs and Lower Profit Margins Struggling to Keep Menu Prices Down

Retrieved on:

Tuesday, February 21, 2023

Food Tech, Retail, Restaurant, Bar, Technology, Other Technology, Software, Food, Beverage, Social media, Seafood, Meat, Grubhub, Vegetable, City, Lead, TouchBistro Inc., Fast food

However, due to the rising cost of food and other expenses, the profit margins of full service restaurants in Los Angeles dropped to 9.4%, which is 1.2% lower than the U.S. average of 10.6%.

Key Points:

However, due to the rising cost of food and other expenses, the profit margins of full service restaurants in Los Angeles dropped to 9.4%, which is 1.2% lower than the U.S. average of 10.6%.
Los Angeles restaurants report spending 50% more on food costs on average compared to the year prior, which is 7% more than the U.S. average.
Nearly all Los Angeles restaurants (95%) say they are short staffed, with most operators saying they are short about six staff members on average.
Expanded seating capacity – Unlike restaurateurs in many other cities, 50% of operators in Los Angeles reported expanding the seating capacity at their venue (i.e.

Restaurant Point Of Sale Terminal Market to be Worth $38.16 Billion by 2030: Grand View Research, Inc.

Retrieved on:

Thursday, February 23, 2023

SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- The global restaurant point of sale terminal market size is expected to reach USD 38.16 billion by 2030, according to a new report by Grand View Research, Inc.

Key Points:

SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- The global restaurant point of sale terminal market size is expected to reach USD 38.16 billion by 2030, according to a new report by Grand View Research, Inc.
Key Industry Insights & Findings from the report:
POS demand in QSRs is expected to witness modest growth exceeding 8.5% CAGR over the forecast period.
The COVID-19 pandemic decelerated the market growth owing to the closed restaurant operations while only the online order system was in-service.
Grand View Research has segmented the global restaurant point-of-sale terminal market based on product, component, deployment, application, end-user, and region
Restaurant POS Terminal Market - Product Outlook (Revenue, USD Million, 2018 - 2030)