April 24, 2024

Cocoabar21 Clinton

Truly Business

Workforce-management programs company secures new expenditure

2 min read

UniFocus, a hospitality service provider of workforce-administration techniques, has been given an expenditure from international private equity firm The Riverside Co. The expenditure positions UniFocus for strategic advancement and will enable the corporation build upon its labor-management platform.
“We’re thrilled to spouse with The Riverside Company and insert their methods and deep experience to further aid our membership program small business, as very well as other providers we supply to the current market,” explained Mark Heymann, CEO at UniFocus. “Now, a lot more than ever, the hospitality marketplace requirements superior solutions to take care of and optimize labor and enhance the customer and staff encounter. This strategic investment decision positions us to far better serve our consumers who have confronted unprecedented challenges this yr.”
Obtain to cash from a lengthy-phrase strategic growth companion will permit UniFocus to expand to other staffing industries which include dining places and health care, as very well as new geographies. Through this financial commitment, UniFocus strategies to continue on to acquire price-included software package modules addressing the one of a kind requirements of its prospects as very well as seek the services of more talent to aid progress in locations which include products progress, profits and marketing and global expansion.
“Having the option to partner with not only the marketplace chief but the workforce that defined scheduling and labor management in just hospitality is an amazing option for Riverside,” claimed senior associate David Jacob, a member of Riverside’s investment decision team. “Hospitality is experiencing never ever-right before-seen headwinds and UniFocus’ technology can be a important alternative for these businesses to not only regulate labor prices but also boost guest satisfaction and supply actionable company analytics. In the course of our partnership, we appear forward to supporting UniFocus’ ongoing software program progress to introduce new, worth-additional software package modules, employ the service of supplemental talent to aid expansion, and additional increase internationally when discovering adjacent stop-marketplaces. In addition, UniFocus has a lengthy observe history of correctly pursuing and finishing really complementary incorporate-on acquisitions, a system we glimpse to proceed in excess of the several years to arrive.”

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