PE-backed Restaurant365 to acquire Compeat.

PE-backed Restaurant365, a restaurant management platform, agreed to acquire Compeat, a provider of software solutions for restaurants. Restaurant365 is backed by private equity firms Bessemer Venture Partners, ICONIQ and Tiger Global Management and now Serent Capital. Financial terms were not disclosed. "The last year has been full of challenges for the restaurant industry due to the COVID-19 pandemic, but restauranteurs are tenacious and we're in awe of their incredible creativity to adapt. We provide technology to support their ingenuity and see this as the perfect time for this bold move to expand our offering and help restaurants rethink and streamline their operations," Tony Smith, Restaurant365 CEO.