Quantaco has announced the acquisition of cloud-based kitchen management software solution, CTB and Co., bringing together two entrepreneurial Australian companies into a broad-scope technology solution for the hospitality industry.
CTB and Co.’s software simplifies processes, lowers costs, and improves financial transparency for food and beverage operators. The recent acquisition will support hospitality businesses in making real-time data-driven decisions to improve their performance.
Founder and CEO of Quantaco, Anthony Sullivan, said that both companies are well-respected in the Australian hospitality industry.
“Both Quantaco and CTB and Co. have been serving the Australian hospitality industry for over a decade, working with some of the most esteemed businesses such as Brickfields Hospitality, O’Hara Hotel Group, Feros Group and Welcome Hospitality. Given CTB and Co.’s specialty in servicing the restaurant sector, this acquisition will allow us to further expand our footprint into this space.
“I’ve had the pleasure of working with CTB and Co. founder Andrew Briese and his team for several years and have always been impressed by the innovation and creativity of the solutions developed by their team. I’m excited about what we can achieve together,” he said.
CTB and Co. will continue to trade under its brand, operating as a service line within Quantaco’s technology suite. In addition, CTB and Co. founder Andrew Briese will join the Quantaco executive team in the role of executive director for CTB and Co.
Sullivan said that the acquisition will allow Quantaco to provide its clients with a more comprehensive suite of products, integrated into one seamless digital ecosystem.
“Quantaco’s mission is to help our customers further digitise existing processes which were historically analogue, for increased business performance and profitability.”
“The acquisition of CTB and Co. will provide a wealth of data points including sales transactions, purchases, and historical trends on food prices, which will deliver deeper operational insights for businesses and help them take any corrective action to improve their financial performance.
“With this new chapter, Quantaco continues to set the standard in hospitality management solutions, delivering outstanding results to pub groups, clubs, and restaurants across the country,” he said.
Briese said that the acquisition will enable CTB and Co. to better support its customers.
“I’ve observed Quantaco for many years and have seen how Anthony Sullivan and his team have developed solutions to solve problems in the industry. The addition of CTB and Co. perfectly complements Quantaco’s existing capabilities, and I couldn’t be more excited to join the Quantaco team.
“Together, we’ll drive cost control and transparency within the hospitality industry while delivering innovation initiatives in our product offering. With Quantaco’s expertise and resources behind CTB and Co., we’ll accelerate and expand the benefits offered to our customers. Our customers are the heart of everything we do, and this acquisition will allow us to better serve them by providing even more cutting-edge solutions that meet their evolving needs,” he said.
All CTB and Co.’s existing employees will transition to become part of Quantaco, resulting in a combined workforce of more than 200 employees working across Australia, New Zealand, and Asia.