Restaurant365® Turning Up The Heat, Achieving Record Growth

Software Company Averaging Nine New Clients Per Week in 2018

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Jul 17, 2018, 20:05 ET

IRVINE, Calif., July 17, 2018 /PRNewswire/ -- Restaurant365^®, the world's all-in-one, cloud-based, restaurant-specific accounting, back-office and reporting solution, has accomplished record growth in 2018 with 245 new customers to date, bringing the total number of restaurants that use its software to nearly 5,000.

A recent closing at the end of June 2018 included an accounting partner working with a 400-unit McDonald's franchisee who will be using Restaurant365 for their accounting and restaurant management needs. Other notable customers who recently joined the Restaurant365 family include Wolfgang Puck Fine Dining, and One Off Hospitality Group.

Since closing on a $20 million investment in January 2018 from Bessemer Venture Partners, who has also backed companies like Yelp, Pinterest and Blue Apron, Restaurant365 has grown exponentially as a result of its accelerated development schedule and expanded team. This growth includes multi-unit operators and top accounting firms from across the country. In addition, industry-leading point-of-sale (POS) and food vendors are bringing Restaurant365's partner and integration count to an all-time high.

"Our whole team – everyone from product development to sales - has kicked it into high gear this year and we couldn't be more thrilled with our progress," said John Moody, Co-Founder of Restaurant365. "We're continuing to implement new features to our software so it's always improving for our current and future customers. Because of our dedication to our product and our people (that's employees, partners and clients), we're expecting to reach 1,000 total customers before year's end."

Restaurant365 serves restaurants across all segments, including fine dining, casual dining, fast casual, quick service and snack. For more information about the game-changing software, visit www.Restaurant365.com.

About Restaurant365^®Restaurant accounting is the cornerstone of Restaurant365^® Software's cloud-based, all-inclusive back office solution. Restaurant365 was founded by an experienced team of software veterans committed to developing an accounting, back office and reporting tool--specifically for restaurants-- that scales and positions restaurant concepts for growth. The Restaurant365 connectors and open APIs truly enable the platform to "talk" with other systems including POS providers, payroll processors, vendors and banks. In January 2018, Restaurant365 closed $20 million in Series A financing with a minority investment from Bessemer Venture Partners, which will be used to expand the team and accelerate development. Restaurant365 has offices in Irvine, California and Austin, Texas. For more information, please visit Restaurant365.com.

SOURCE Restaurant365