My summary from the $PAR Punchh acquisition call earlier.
It's an amazing opportunity right out there.
Thread 👇
How much overlap between Brink, RM and Punchhh? What is the cross selling opportunity?
-Site count: Brink 30% penetrated with Punchhh
-Punchh landed 35% of top 100 chains in the country
-Significant cross sell opportunity
-Both can pull each other upwards
What is the integration plan?
-Punchh will be run as a business unit. They are heavy on product engineering.
-$PAR thesis of acquiring Punchh is to build a full platform.
-Restaurants are struggling with spaghetti of solutions.
-Leverage on AI, data migration from Punchh.