Groupon sells restaurant software business

SHARE Groupon sells restaurant software business

Groupon has sold Breadcrumb, its restaurant software business to Upserve. | AP file photo

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.

The Latest
Lyric deserves enormous credit for embracing this undertaking and going all in both in terms of scale and daring. It is, by any measure, a major event.
He was pronounced dead at the scene, police said. His name had not been released as of Sunday morning.
In his first two high school seasons, Trey Butler established himself as one of the best players in the Public League and the state.
With former Ald. Patrick Daley Thompson’s conviction, it may seem that the Daley family’s grip on the 11th Ward is slipping. But despite boundary and demographic changes in the ward, the Daleys and their allies are still exerting influence.
Four males were taken into custody after the shooting, which occurred about 10:50 p.m. Saturday.