Fourth, provider of the integrated hospitality workforce management and cost-control platform and HotSchedules, workforce and inventory management solutions provider have merged business operations in an agreement backed by Marlin Equity Partners and Insight Venture Partners.
The merger means the company now represents the world’s largest and only provider of end-to-end restaurant and hospitality management solutions.
It said the combined company’s complete software-as-service (SaaS) solution now covers scheduling, time and attendance, applicant tracking, training, inventory management / procurement, HR / benefits and payroll services.
It also means the company has customers in 120,000 locations worldwide and is supported by teams across offices in the US, UK, Bulgaria, China, Australia and UAE.
Ben Hood, co-founder and CEO of Fourth and CEO of the newly merged company, said: “The merger of Fourth and HotSchedules presents a huge opportunity for growth and innovation.
“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 officer 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.”