Posera Software and Squirrel Systems Announce Intent to Merge

  • Maitre’D by Posera
  • 01.31.07
Leading hospitality point of sale providers Posera Software Inc. and Squirrel Systems announced today that they have entered into strategic discussions to merge both privately held companies.

The proposed merger between Squirrel and Posera highlights the natural synergies between both companies—including a similar target market, business model, and customer service philosophy—and will enable a broader and improved range of specialized products, solutions and services for the North American and international QSR and TSR markets. 

Michel Côté, Vice President and General Manager at Posera commented: “This merger underscores both companies’ dedication to the hospitality industry. By combining our respective experience, expertise and strengths, the new Company will be in a better position to serve this industry, while providing our customers and channel partners with a stronger product offering and unequalled customer service.”

Other benefits anticipated as a result of this merger include an enhanced distribution channel that combines Posera’s strength in the international market place with Squirrel’s strength in North America, 24/7 help desk customer support for the companies’ combined customer base, access to a larger pool of R&D and other dedicated resources, and solid financial backing that will support growth opportunities for the new merged company.

Charles Young, Squirrel’s interim President commented: “We are excited about the prospect of working with Posera.  We believe that this merger will create more opportunities for success with all of our customers and stakeholders.”

Posera and Squirrel do not anticipate any significant short-term impact on either company’s employees, customers or channel programs as a result of this merger. More information on this merger will be communicated as it becomes available.

About Posera Software Inc.
Posera Software develops software solutions for the hospitality industry. Posera has over 20,000 customers in 15 countries, operates 3 corporate offices and manages a worldwide distribution network, which enforces the company's International position. Posera’s Maitre’D software suite offers a complete set of solution to effectively manage restaurants of any size. www.posera.com
 
About Squirrel Systems
Squirrel Systems is a leading total solutions provider of point of sale and 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 20+ years, Squirrel has earned a reputation for innovation and excellence by meeting and exceeding the needs of more than 10,000 customers with 50,000 installed Squirrel workstations.



Related Articles
want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.