U.S. private equity firm Marlin Equity Partners has acquired Vivonet, Inc., a Vancouver, British Columbia-based point of sale software and systems business for the restaurant industry. No financial terms were disclosed. Prior to Marlin Equity’s acquisition, Vivonet was venture-backed. Among the company’s Canadian investors since 2005 have been Discovery Capital Corp., Greenstone Venture Partners, Maxam Capital Corp. and Roynat Capital.
Marlin Equity Partners has acquired Vivonet, a Vancouver, Canada-based leader in point of sale software and systems for the restaurant industry. The company’s cloud-based solutions are designed for remote management of single and multi-location operations, complex workflows and order management and consumer interactions. Clients rely on Vivonet’s flagship product Halo™ as the backbone of their operations, including sales and loyalty management, sales analytics, enterprise management and employee timekeeping. No financial terms were disclosed.
Photo courtesy of Shutterstock.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.