Recruit invests in restaurant mobile POS provider TouchBistro, Inc.
May. 31, 2017
Recruit Holdings Co., Ltd.
Through RSI Fund No. 1, LLC, Recruit Holdings Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi; referenced below as "Recruit") has acquired a portion of the shares issued by Touch Bistro, Inc. (Headquarters: Toronto, Canada; President and CEO: Alex Barrotti; referenced below as "TouchBistro"), which manages and provides mobile POS for restaurants. The details are reported below.
1．Purpose and background
The market for cloud-based mobile cash registers, called "mobile POS," is currently continuing to grow around the world. Especially in North America, mobile POS has been progressing rapidly because of a high rate of credit card use, and is starting to be used not only in retail stores and so-called "quick service" fast food restaurants and cafes, but also in restaurants with high levels of service. This market is expected to continue to expand in the future. However, compared to other work support functions (such as reservation and calculation) for shops and restaurants, the cash register function became available on the cloud relatively late, and is expected to be coordinated with other functions for uniform operation.
TouchBistro, the company Recruit has invested in, provides "TouchBistro," a mobile POS made especially for restaurants. Through this share acquisition, Recruit will support the spread of "TouchBistro" in the restaurant market.
2．TouchBistro., Inc summary
Provides the mobile POS "TouchBistro," which is equipped with various work support functions for restaurants. In addition to the basic cash register function, it also includes a wide variety of functions to support restaurant work, such as staff attendance and salary payment management, as well as support for smooth coordination between service and kitchen workers. It has also been noted for its unique UI (patented) that allows for intuitive operation, and is used by over 9,000 restaurants around the world.
|(3)||Headquarters||477 Richmond St. W, 10th Floor Toronto, ONT M5V 3E7, Canada|
|(4)||Main business||Manufactures, sells, and supports the restaurant mPOS "TouchBistro."|
3．Overview of RSI Fund No. 1, LLC
|(1)||Company name||RSI Fund No. 1, LLC|
|(3)||Headquarters||8-4-17 Ginza, Chuo-ku, Tokyo|
|(4)||Established||April 21, 2016|
|(5)||Main business||Investment development and venture capital|
This fund was established with the goal of investing in companies that possess new business models, assets, and technologies in Recruit Group's fields of business and business development.
The fund will support its investments, aiming to get actively involved in new growth opportunities including business partnerships.
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