Press Releases
Squirrel Systems and RestaurantTrade Announce Strategic Partnership to Provide Comprehensive
Web-based Reporting to the Hospitality Industry.
Squirrel Systems, Inc ( www.Squirrelsystems.com ), a leading provider of restaurant management systems for independent and chain restaurants, announced today that they have entered into a strategic partnership with RestaurantTrade ( www.restauranttrade.com ). RestaurantTrade is the leading provider of Web-based software for the hospitality industry.
The RestaurantTrade Operations Reporting software significantly extends the functionality of a POS system by converting existing raw data into user-friendly reports that enable hospitality business owners to better manage their operations. The POS industry has over 70 percent penetration of the hospitality industry nationwide. Squirrel is an industry leader, with approximately 10,000 restaurants, hotels and clubs using its systems worldwide. RestaurantTrade and Squirrel Business Partner MetroTouch in New York, have already successfully targeted many Squirrel customers in the greater New York City area. As a result, there are now more than 30 Squirrel customers that have the RestaurantTrade Operations Reporting software.
"The addition of RestaurantTrade to Squirrel's arsenal of best of breed partners enhances the value proposition to Squirrel customers," says Barry Logan, President of Squirrel Systems. "This partnership enables us to offer our customers greater access to their data from anywhere using the Internet. The flexibility and ease of reporting the data in many meaningful and graphic ways is exciting and beneficial," adds Logan.
Under the terms of the agreement, Squirrel will sell the RestaurantTrade software through direct and business partner channels. RestaurantTrade's Operations Reporting software is compatible with both the legacy version; Squirrel Classic and Squirrel for Windows NT, Squirrel's newest version. This will enable this product to be sold to both existing and new Squirrel point of sale users.
RestaurantTrade's ability to optimize POS data through its Operation Reporting software combined with Squirrel's state of the art Point of Sale system allows customers to benefit from streamlined operations and timesaving features. By providing hospitality businesses with the data analysis and operational management tools needed to stay on top of their business, RestaurantTrade enables the operator to make the right decisions quickly, efficiently, accurately and cost-effectively.
"We are very pleased by our agreement with Squirrel," said Damian J. Mogavero,
CEO and Founder, RestaurantTrade. "Not only does it ensure the national distribution
of our software, but it provides Squirrel customers with an incredibly valuable
reporting functionality, making a great POS system even better. Instead of hunting
through stacks of paper printouts to monitor and track critical sales data, Squirrel
customers will be able to access rich, user-friendly reports in just seconds."
RestaurantTrade develops Web-based software applications that streamline back-office operations. The RestaurantTrade Operations Reporting software integrates with point-of-sale (POS) systems and converts existing raw data into user-friendly reports that contain the information critical to managing day-to-day back-office operations. The POS industry has over 70 percent penetration of the hospitality industry nationwide; because Operations Reporting is the only software application with universal POS integration, it is uniquely positioned to capitalize on this market penetration. As RestaurantTrade expands, the Operations Reporting software will serve as a platform upon which additional software applications will be built. The RestaurantTrade team has deep hospitality experience, making it particularly qualified to understand the industry. The company was founded in 1999 and is based in New York City. For more information, please visit www.RestaurantTrade.com.
About Squirrel Systems
Squirrel Systems is a leading total solutions provider of management systems for
independent and chain establishments, including restaurants and food and beverage
operations in hotels, resorts and clubs. Headquartered in Vancouver , Squirrel Systems
and Squirrel Systems Canada are privately held companies. In its 15 years of profitable
operation Squirrel has earned a reputation for innovation and excellence by meeting
and exceeding the needs of over 10,000 customers with 50,000 installed Squirrel
workstations. As the first company to introduce touch-screen ordering into the restaurant
market, it has a long track record as an innovator. To learn more about Squirrel,
visit www.Squirrelsystems.com.
Linda Gillis
Director, Marketing
Squirrel Systems
Tel: 604.412.3300
Email: lgillis@Squirrelsystems.com
Siobhan Burns
Senior Director, Communications
RestaurantTrade
Tel: 888.830.1012 / 212.391.9810
Email: sburns@rtnyc.com
