Yet another merger takes place in the supply chain tech industry, with Meal Ticket and MarketMan merging to use their complementary software to create efficient dialogue between foodservice distributors and restaurant operators. The merger is one of many in the industry, as supply chain technology becomes excessively sought after during the major crisis. The companies will continue to manage their respective product lines while collaborating on new innovations.
- The merger is supported by an investment from PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies. The investment of over $100 million aims to support the formation of a global leader in software and data analytics for the foodservice industry.
- Meal Ticket’s all-in-one platform provides software solutions and delivers customer-first insights, helping distributors better serve their customers and increase sales. MarketMan’s cloud-based inventory management software enables restaurants to manage inventory and orders, monitor purchasing spend and food costs, and analyze back-of-the-house operations to save them time and drive greater profitability.
- The company plans to significantly expand its headcount in its existing Tel Aviv and New York offices, particularly its engineering and product development teams based in Israel.