LOS ANGELES, December 24, 2012 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Vivonet Incorporated (“Vivonet”), a North American leader in cloud-based point-of-sale (“POS”) software and systems for the food service sector. The company’s solutions allow single and multi-location operations to remotely manage complex workflows, order management and consumer interactions. Vivonet’s robust data analytics capabilities and real-time reporting provide customers with the necessary tools to significantly enhance profitability and reduce costs within their current operating environment.
Steve Johnson, a partner at Marlin, stated, “Through its state of the art web-based software, world class management team and differentiated customer value proposition, Vivonet is uniquely positioned to take advantage of enormous growth potential in a rapidly changing POS industry.”
“With Marlin as our new owner,” added Ryan Volberg, Vivonet’s CEO, “we have gained a partner who not only shares our strategic vision for the future of the POS industry, but who also has the domain experience, the financial resources and the same intense commitment to product development and innovation that has been the key to accomplishing our rapid growth.”
Shawn McMorran, a Marlin operating partner, said, “Traditional POS technology is experiencing dramatic transformation as restaurant owners and retailers seek ways to deepen their relationships with their customers at the same time as they seek real-time information about their customer interactions. Vivonet’s flagship product, Halo, solves these problems and provides business owners with the ability to manage their operations much more effectively.”
About Marlin Equity Partners
Marlin Equity Partners is a global private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 60 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Vivonet
Vivonet is a North American leader in cloud-based point-of-sale software and systems for the food service sector. Its solutions are designed for remote management of single and multi-location operations, managing complex workflows and order management, and facilitating consumer interactions through integrated mobile applications on the iOS and Android platforms. Vivonet’s more than 1,000 customers include contract foodservice operators, limited service restaurants, table service restaurants and retail operators. These customers rely on Vivonet’s flagship product Halo™ as the backbone of their operations, including sales and loyalty management, sales analytics and enterprise management. For more information, please visit www.vivonet.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.