Linked Eats acquires innovative revenue
management features to integrate with its proprietary technology,
optimizing digital ordering and delivery
Link to Assets
LOS
ANGELES, Aug. 6, 2024 /PRNewswire/ -- Linked Eats,
the leading provider of third-party delivery revenue management
software for restaurants, is proud to announce the successful
acquisition of Sauce Technologies, a leader in AI-powered solutions
for digital-ordering. Linked Eats will work with Sauce
Technologies' teams to add innovative features across marketing and
demand forecasting into its groundbreaking platform. As third-party
delivery has reached scale, restaurant operators have had to adapt
but without the tools to manage these critical channels the way
they have for in-restaurant. Linked Eats provides operators with a
streamlined and user-friendly platform, providing powerful revenue
management tools to optimize, automate and manage their third-party
delivery business. This service has been proven to enhance
financial performance, reduce errors and improve service speed.
Founded by MIT graduates,
Colin Webb and Nenye Anagbogu, Sauce
Technologies specializes in revenue management technology for
restaurants utilizing third-party delivery services. The company's
standout core product offers leading-edge automation solutions that
hundreds of restaurants have already embraced. Sauce Technologies'
proprietary tools take a sophisticated approach to drive traffic
and revenue, including adjusting prices downward and item by item
based on demand and various dining occasions. By implementing these
tools, restaurants have significantly increased both orders and
sales, leveraging Sauce Technologies' expertise to thrive in the
competitive market.
"We are thrilled to welcome the entire Sauce team to Linked
Eats," said Robbie Earl, Chairman of
Linked Eats. "With third-party delivery reaching critical scale we
are seeing the landscape shift to a more profit-driven marketplace,
and restaurants need new tools to thrive in this challenging and
competitive environment. This acquisition will add further
AI-expertise to our team and features and further our leadership in
developing and providing these tools."
Linked Eats will incorporate Sauce Technologies' features into
its standout platform, providing solution-driven insights to help
restaurants achieve higher profits within third-party delivery,
trusted by nearly 4,000 restaurants across more than 30 enterprise
brands. With Sauce Technologies, Linked Eats will have even more
industry-specific, best-in-class AI and ML expertise, driving the
technology to greater advancement and success.
"We at Sauce are excited to join the Linked Eats team and scale
the digital growth tools that we've built for restaurants.
Combining Linked Eats' operator-first approach and current platform
with Sauce's marketing automation software creates a powerful
synergy to supercharge what it means to be successful for today and
tomorrow's restaurateurs," added Colin Webb Sauce Technologies' CEO
and co-founder.
Before joining Linked Eats, Sauce Technologies raised over
$3.6 million from notable investors
including Harlem Capital, Red Sea Ventures, Global Founders Capital
and Rackhouse Ventures, a venture firm started by Kevin Novak, the former head of Data Science at
Uber. Sauce Technologies' prominent core product has garnered a
robust user base with hundreds of restaurants benefiting from its
automation solutions. These tools have proven essential in helping
restaurants increase both traffic and revenue by optimizing
strategies against various factors such as demand, inter-item
dependencies and dining occasions.
For more information on Linked Eats, visit linkedeats.io/.
ABOUT LINKED EATS
Linked Eats is the leading provider
of third-party delivery revenue management software for
restaurants, built by digital restaurant and technology experts,
trusted by enterprise clients. Linked Eats unified technology
platform designed to streamline and enhance the performance of
third-party digital channels for restaurants. Linked Eats provides
operators with intelligence, optimization, and automation to drive
revenue, enhance yield management, and reduce costs through a
streamlined, and user-friendly platform using AI-powered tools
across operations, marketing, pricing, and reporting. Linked Eats
has been proven to enhance financial performance, increase digital
revenues, and reduce negative impacts from third-party errors and
downtime. Linked Eats is currently trusted by 4,000
restaurants across more than 30 enterprise brands.
ABOUT SAUCE TECHNOLOGIES
Sauce is the leading platform
for restaurants across digital ordering. Data-driven restaurant
brands use Sauce to increase profit margins and online conversion
rates, driving increased traffic, revenues, and profits for their
locations. Sauce combines AI, automation, holistic data, and
control to allow restaurants to implement and test smart strategies
that counter rising costs and margin constraints. Hundreds of
restaurant brands use Sauce to find the right value-pricing at the
right time of day for their customers, automatically and
easily. Whether it's the ability to have pricing programs
rates for lunch vs dinner, weekday vs. weekend, happy hour vs.
popular events, or just updating all platforms to reflect the
latest changes in food costs, Sauce makes it easy to scale new
strategies across all digital platforms.
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SOURCE Linked Eats