SpotOn acquires work software company Dolce
Photography courtesy of SpotOn
SpotOn adds work management tools to its offering for restaurants.
The fast-growing point-of-sale provider announced Monday it has acquired Dolce, which offers planning, payroll, tip-pooling and compliance software for multi-unit restaurants.
The deal comes as labor costs rise and restaurants struggle to hire and retain employees.
“With the acquisition of Dolce, we are giving our customers the tools they need to manage and retain their employees in compliance in this incredibly competitive job market,” said SpotOn Co-Founder and Co-CEO Zach Hyman , in a press release.
Terms of the contract are not disclosed.
This is the latest in a wave of catering technology acquisitions driven by significant investment and demand for space. SpotOn raised $ 425 million in two funding rounds this year and is now spending some to expand its capabilities. It also acquired Appetize, a mobile ordering company used in entertainment venues, in September.
Dolce helps operators manage labor costs by automating much of the process. For example, managers can allocate a labor budget and compare the labor costs to the budget in real time. They can also receive alerts on overtime, understaffed work periods and workforce trends versus sales.
It also makes payment easier by integrating with over 20 payroll service providers and automating the tedious job of tip distribution.
“When we found out that Dolce had helped us cut our time (tip handing) from an hour to 10 minutes, we knew it was a no-brainer for our restaurants and for SpotOn,” said Chef Michael Mina. , restaurateur and member of SpotOn’s Restaurant. Advisory board.
SpotOn’s existing tools include online ordering, reservations, website development, loyalty, and data reporting.
As part of the deal, Dolce co-founders Peter Lambros and Glenn Kreisel will join SpotOn.
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