365 Retail Markets, a global leader in unattended retail technology, announced its acquisition of Kafoodle, a U.K.-based food technology company that specializes in menu and kitchen management, nutritional data, and allergy compliance.
Adding Kafoodle's technology into 365's portfolio will complement the company's existing offerings and enhance its ability to provide comprehensive solutions to its clients. The acquisition also expands 365 Retail Markets' reach in the United Kingdom and European markets, where Kafoodle has established a strong presence.
Kafoodle's software simplifies recipe and menu management, nutritional data tracking, and allergen regulation compliance for foodservice operators. The acquisition will allow 365 customers to easily create menus that cater to the needs of specific demographics, such as those with dietary restrictions or allergies.
"Kafoodle's technology is truly innovative and aligns with our commitment to providing data-led insight to our clients while streamlining their business processes," 365 Retail Markets chief executive officer (CEO), Joe Hessling, said in the announcement. "We are thrilled to welcome them to the 365 family, and we are excited about the possibilities that this acquisition presents."
The Kafoodle team will continue to operate out of their U.K. headquarters and will work closely with 365 Retail Markets' global team to ensure a seamless integration. Customers of both companies can expect to see new and enhanced solutions in the near future.
"Everyone in the food service industry has the same responsibility to provide key information about the food they serve, and Kafoodle's mission has always been to streamline how businesses accurately provide data to consumers," Kafoodle founder and CEO, Tarryn Gorre, said in the announcement. "We are excited to join 365 Retail Markets' team, to offer global support to food service businesses and tackle the challenges surrounding what's in the food we consume and how it is sourced."