Just Eat Acquires Practi, for £6.7M
Summary
Just Eat , a global hybrid marketplace for online food delivery, acquired Practi, a software service that provides independent restaurants and small chains with tablet-based Point of Sale (PoS) and restaurant management systems to manage their businesses. The acquisition cost is an initial £6.7m with further payments dependent on the achievement of certain commercial milestones. Whether by deploying new tablets or by incorporating Practi’s software on its Orderpads, Just Eat will provide its restaurant partners with PoS, cash and card payment handling, inventory management, kitchen operation and employee management systems, all within a single software package across multiple devices. Practi builds on the acquisition of Flyt, which connects Just Eat’s platform to restaurants chains’ existing PoS systems. Combined, the two acquisitions will allow Just Eat to cover the full spectrum of restaurant partner needs.