Infor Acquires Vivonet
Infor, a leading provider of industry-specific cloud applications, today announced it has acquired Vivonet, Inc., an industry leader in cloud-based hospitality solutions. The acquisition extends Infor's suite of solutions for hospitality with point-of-sale (POS) and inventory and procurement functionality for companies in the food service management, full and quick service restaurant, and hotel food and beverage micro-verticals.
Founded in 2000, Vancouver, BC-based Vivonet offers solutions for POS, kiosks, kitchen systems, payments, labor scheduling, and food and labor cost management. Vivonet products are deployed at more than 4,000 locations, with customers including Sodexo, Delaware North, Booster Juice, Burger 21, Pita Pit, and Texas Chicken & Burgers.
"Vivonet's specialized applications are highly complementary to Infor, creating a more comprehensive suite for customers, and expanding our marketing opportunity into three new foodservice micro-verticals," said Charles Phillips, CEO of Infor. "Last-mile industry functionality enables Infor customers to use the cloud to harness the power of their mission-critical data to transform their business with machine learning, predictive analytics, and artificial intelligence."
Infor is one of the world's largest providers of hospitality software. Its customers include 6 of the top 10 largest hotel brands, and its products are in use at almost 20,000 hotel and casino locations worldwide. Infor Hospitality solutions, which include robust capabilities for property management, revenue management, asset and incident management, analytics, and artificial intelligence, will be extended with POS from Vivonet.
The terms of the transaction are not being disclosed.
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