TransAct has secured a new agreement with a large US foodservice provider for the deployment of the BOHA! hardware and one of the BOHA! SaaS-based apps.
The deal, which is the latest in a recent string of agreements for the firm, will see the system used at more than 400 locations by 2021 year end.
The company expects approximately 175 customer locations will be live with the BOHA! hardware and software solutions by 2019 year end with approximately 250 further locations expected to go live over the following two years.
The BOHA! deployments at these locations will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System alongside two to three BOHA! Terminals per location.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said: “Momentum for our revolutionary BOHA! ecosystem of hardware and SaaS-based software apps continues to grow as restaurant and foodservice providers gain additional understanding and appreciation for how the BOHA! ecosystem of solutions can help them manage their back-of-house operations more effectively and efficiently.
“As we continue to gain traction with BOHA! solution sales, we are benefitting from initial upfront revenue related to hardware sales while also growing our base of annual recurring revenue related to the deployment of BOHA! software apps, recurring label sales and ongoing services revenue.
“This new agreement with a large, national foodservice brand provides additional evidence that BOHA! is able to meet the growing industry demand for back-of-house automation solutions and bolsters our confidence that we can achieve our near- and long-term growth objectives as we continue to execute on what we estimate is an approximately $1 billion market opportunity.”
BOHA! is the first single-vendor solution to combine applications for inventory management, temperature monitoring of food and equipment, timers, food safety labeling, food recalls, checklists & procedures, equipment service management and delivery management in one fully-integrated platform.