HotSchedules, a provider of workforce and inventory management solutions for the restaurant industry, has merged with Fourth, the provider of an integrated hospitality workforce management and cost-control operations platform.
The agreement between the firms, considered the two biggest companies of scale providing SaaS to the global hospitality and leisure industries, was backed by Marlin Equity Partners and Insight Venture Partners.
Together, the merged company now represents the world’s largest and only provider of end-to-end restaurant and hospitality management solutions for customers across the globe and for restaurants of all sizes.
The combined company’s complete software-as-service (SaaS) solution suite includes scheduling, time & attendance, applicant tracking, training, inventory management, procurement, HR,benefits and payroll services.
It will serves customers in 120,000 locations worldwide and is supported by a dedicated, unified team across offices in the US, UK, Bulgaria, China, Australia and UAE.
“The merger of Fourth and HotSchedules presents a huge opportunity for growth and innovation,” said Ben Hood, co-founder and CEO of Fourth and CEO of the newly merged company.
“We are excited to join forces with a company that aligns so closely to our mission, values, history, culture and overall commitment to customer success. After overseeing Fourth’s journey to date, it is a dream partnership.”
David Cantu,co-founder and chief customer offices at HotSchedules, added: “Merging with Fourth will enable us to accelerate innovation.
“As the two largest players in the restaurant and hospitality vertical, our combined strengths and industry expertise will ensure our customers have the solutions they need to solve complex business problems and remain competitive.
“We look forward to what the future holds and serving the industry together.”