Groupon Inc. has agreed to sell its restaurant software business to Upserve, which provides a cloud-based software system to restaurants.
Chicago-based Groupon bought Breadcrumb, the software business, in 2012. Breadcrumb is used by restaurants, bars and nightclubs to do such things as manage tables, track labor costs and accept payments.
“Breadcrumb and Upserve go together like peanut butter and jelly,” Upserve founder and CEO Angus Davis said in a news release. “Our product range offers restaurants the most comprehensive solution on the market.”
Upserve, based in Providence, Rhode Island, said the combined software business will be used by more than 6,000 restaurants nationwide.
Groupon will receive a minority stake in Upserve, but the companies didn’t place a dollar value on the transaction. The deal was first reported by the technology website Recode.
The companies began integrating their software in late 2015.
“Restaurant point of sale is a very competitive space, and Breadcrumb stands to enormously benefit as part of Upserve’s comprehensive suite of smart restaurant management solutions for the front and back of the house,” Dan Roarty, Groupon senior vice president of food and beverage. “We are incredibly proud of the Breadcrumb product and team, and we look forward to watching the product’s continued success as a shareholder in Upserve.”
The companies said employees from Breadcrumb will join Upserve’s team in San Francisco, Chicago, Providence and New York.
