TORONTO, Jan. 5, 2012 /CNW/ - HDX Limited ("Posera-HDX") (TSX: HDX) announced today that it has completed the acquisition of the restaurant division of 2020 IT Solution Corp ("2020") of Saskatoon, Saskatchewan. The purchase price was not disclosed.
Restaurant operators in today's extremely competitive hospitality industry must successfully manage their work force and food costs accurately and efficiently. They require superior automated cost control systems to gain a competitive advantage. For over a decade, 2020 has provided digital menu boards, web enabled video security, web-hosted restaurant back office management systems, and web-hosted employee labour analytics and scheduling solutions. 2020's applications allow quick service restaurants and table service restaurants, to control costs and effectively manage their business.
2020's HyperScheduler, utilized and rated number one in its class by a tier one international restaurant chain, is a hosted, subscription model, web/cloud workforce management solution which allows operators to optimize staff schedules based on a sophisticated proprietary sales and product mix forecasting model coupled with matching the most effective and efficient staff for specific positions for time sensitive duties.
"The completion of the transaction with 2020 is significant for Posera-HDX" says Paul Howell, CEO of Posera-HDX. "The Company will now be able to provide solutions to our clients allowing them to increase their quality of customer service and reduce their "customer waiting time", while managing a part-time workforce with potentially high turnover rates. Ensuring food safety for consumers while minimizing waste and spoilage is mandatory for any restaurant's success. Accordingly, our clients have expressed a need to manage their work force and food costs to a very granular level within very tight daytime segments. 2020's solutions are state of the art and with over twenty thousand restaurants world-wide using Posera-HDX's Fingerprints and Maitre'D POS solutions, we are very excited about the benefits these hosted solutions will provide to our user base. These applications have industry-wide appeal and offer excellent return on investment for business operators. Because we offer these tools as hosted, subscription based solutions, no site visits are required for integration to our point of sale applications. Chains can be deployed very quickly because managers can be trained remotely via webinar. This allows restaurants to reduce up-front implementation costs and achieve an immediate return on their investment. The cost of monthly subscription fees pale in comparison to the labour and food cost savings available."
Through its corporate offices in Toronto, London, Brantford, Seattle WA, Montreal Quebec, Paris France, Singapore, and Glasgow UK, Posera-HDX has a direct sales and service team.
The company has also built a network of approximately 114 value added resale partner companies in 25 countries. There are approximately 1,100 representatives selling, supporting & installing the Posera-HDX Maitre 'D software worldwide and the solution has been deployed in over 20,000 locations in eight different languages around the world.
Posera-HDX customers include Tim Hortons, Wendy's, Arby's, Quick (France), Popeye's, East Side Mario's, O'briens, St-Hubert, Pita Pit, Dunkin' Donuts, Pizza Delight, Baton Rouge, Scores, Hooters, Casey's, Supermac's, HDOS, KFC, Extreme Pita, Pizza Hut, among many others.
About Posera-HDX Limited (the "Company)
The Company is in the business of managing merchant transactions with consumers and facilitating payment. The Company develops and deploys touch screen POS system software and associated enterprise management tools and has developed and deployed numerous POS applications. Posera-HDX also provides system hardware integration services, merchant staff training, system installation services, and post sale software and hardware support services.
The Company's leading edge technology also includes prepaid stored value payments solutions, customer self serve kiosks and "line buster" mobile point of sale terminals. These products have been designed to dramatically enhance customer throughput and drastically reduce customer queues. These technologies are especially effective in high foot traffic environments that have limited cash register counter space, limited retail square footage, and the absence of a drive through.
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form of Posera - HDX Inc. filed on March 24th, 2011 with the regulatory authorities. Posera-HDX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
For further information:
Chief Executive Officer
350 Bay Street, Suite 700
Toronto, Ontario M5H 2S6
(416) 703-6462 ext. 2263