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Foodservice Distributor Software Provider Meal Ticket to Merge with Restaurant Platform MarketMan.

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MANews-(C)2009-2022

Idaho, US-based foodservice distributor business management solution Meal Ticket and Israel-based restaurant industry inventory management and supplier automation platform MarketMan, have agreed a merger to combine their complementary software and enable more automated, efficient interactions between foodservice distributors and restaurant operators, the companies said.

The merger is supported by an investment from PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies.

The investment of over USD 100m aims to support the formation of a leader in software and data analytics for the foodservice industry.

Meal Ticket was founded in 2011 by Wink Jones and Brian Konrath, and MarketMan in 2013 by Noam Wolf, Igal Wolf and Or Mintz, with the intention of providing a suite of operational tools and solutions for businesses across the foodservice supply chain to drive efficiency and profitability.

Meal Ticket's all-in-one platform provides software solutions and delivers customer-first insights, helping distributors better serve their customers and increase sales.

MarketMan's cloud-based inventory management software enables restaurants to manage inventory and orders, monitor purchasing spend and food costs, and analyze back-of-the-house operations to save them time and drive greater profitability.

As a combined company, Meal Ticket and MarketMan will continue to operate their existing product lines in addition to developing new products together and serving customers globally.

The company plans to significantly expand its headcount in its existing Tel Aviv and New York offices, particularly its engineering and product development teams based in Israel.

MarketMan's investors include Flashpoint Venture Capital and lool ventures. Oppenheimer and Co. served as financial advisor to MarketMan.

Meal Ticket is a software provider in the foodservice supply chain, delivering a suite of SaaS tools that...

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