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New investment of SOFTONE Group in the restaurant management software market

January 11, 2024

News & Events

The leading business software provider proceeds with the acquisition of a majority stake in Twinsoft, strengthening its leading position in the hospitality industry

The leading cloud-based business software solutions provider in Greece and SE Europe, announces the acquisition of a majority stake in Twinsoft, one of the largest restaurant management software companies in Greece. The founders of Twinsoft retain a significant stake and will continue to play a key role in the management and development of the new consolidated entity in the foodservice industry.

SOFTONE Group’s new investment, together with the recent acquisition of Sunsoft, creates a unified customer base of over 9,000 restaurant management businesses, thus establishing the Group’s leading position in one of the most crucial sectors of the Greek economy. The merger of these companies with SOFTONE allows the exploitation of synergies, arising from the implementation of cutting-edge digital technologies and the company’s extended network of partners. With Twinsoft’s deep expertise and strong presence in the restaurant management market, SOFTONE Group is well-positioned to lead the necessary advancements for digital transformation within the industry. This includes crucial integrations such as the cash registers and POS terminals, electronic invoicing of transactions, and the implementation of the Digital Employee Card. Beyond Greece, the vision is to expand this offering in all regional markets where SOFTONE is present, i.e. Romania, Bulgaria and Cyprus.

Referring to the new acquisition of SOFTONE, the Group’s CEO, Panos Martinis, stated: “The year 2023 marked our group’s dynamic entry into the fast-growing restaurant management software market by acquiring Sunsoft. Within a short time, we further strengthened this investment by acquiring Twinsoft, one of the most important companies in the restaurant management industry, known for their impressive record of thousands of successful installations. Aligned with our long-term strategy, this targeted investment solidifies our leading position in the food service sector and positions us as a catalyst for fostering digital transformation within the industry and across South Eastern Europe”.

The CEO of Twinsoft, Mr. Dimitris Charalambous, stated: “SOFTONE Group’s investment in our company marks a significant milestone in its 20-year journey of success. From inception, our company has been committed to developing specialized software solutions that address the unique challenges faced by restaurant management businesses at any stage of their lifecycle.
Since the beginning of its operation, our company’s goal has been to develop specialized software solutions that meet the daily challenges of restaurant management businesses, regardless of the stage of their life cycle. I am confident that joining SOFTONE Group will undoubtedly equip us with the essential resources needed to pursue this goal with enhanced consistency and efficiency”.

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