Toasting Up an Acquisition and OpenTable Truly Delivers

This edition of MRM’s News Bites features Toast, Open Table, Olo, Revel Systems, Prakas & Co, Arbella Insurance Group, Lunchbox, Joella’s Hot Chicken and  US Foods Holding Corp.

Toast Hot for HRToast acquired StratEx, a  provider of HR and payroll software for restaurants. StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance.  

“At Toast, we know that for a restaurant to be successful it often starts with recruiting and retaining a great team, yet many restaurants wrestle with employee turnover that can exceed 70 percent,” said Chris Comparato, CEO of Toast. “By adding StratEx to the Toast Platform, we can better support restaurants of all sizes in simplifying HR, payroll, and talent management on a platform that works seamlessly with Toast and our technology partner ecosystem.

As a result of the acquisition, the former StratEx product is now part of Toast Payroll &…