Back-office technology supplier Restaurant365 is adding employee training to its repertoire.
The company on Tuesday announced that it has acquired ExpandShare, a learning management system that allows operators to create and run training programs for staff.
Terms of the deal were not disclosed.
“We’re thrilled to offer this invaluable learning tool to the 40,000 locations we serve,” said Restaurant365 co-founder and CEO Tony Smith in a statement. “We’re confident that adding best-in-class training to our one-of-a-kind back-office system will allow leaders to holistically grow their business in a way the industry has never seen.”
Training has become a bigger area of focus as restaurants look to reduce turnover, improve operations and keep their costs down. Founded in 2012, ExpandShare is designed to simplify and digitize that process for managers. Restaurants can upload existing training materials into the system or select from its library of readymade courses. They can also use an AI tool to help build training programs. And they can run the whole thing from a mobile app.
Restaurant brands including Newk’s Eatery, Marco’s Pizza and Starbird as well as distributor U.S. Foods use the program.
Restaurant365 also offers accounting, payroll, scheduling and inventory software for restaurants. ExpandShare’s staff will join the company as part of the deal.
“We’re grateful to join Restaurant365 in its mission to integrate and streamline restaurant workforce management, alongside accounting and store operations, on a single platform,” said ExpandShare founder Eric Harsh in a statement. “We’ve seen the importance of labor investment and development in recent years and are excited to help restaurants further strengthen their teams, operations, and bottom lines.”
It’s the latest acquisition in what has been a busy year for restaurant tech deals as providers look to offer restaurants more features in one box.
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