Vivonet announces Major Agreement with Sodexo

Vancouver’s Vivonet announced today what they are calling a “landmark agreement” with Sodexo to deploy their Software as a Service (SaaS) Halo into the majority of Sodexo’s 6,000 North American client sites by 2015. According to their press release this morning, Vivonet was the winner in an evaluation process that included all major POS providers.

Halo is a flexible and affordable solution that is delivered to restaurant and foodservice clients simply and securely over the Internet. Halo enables real-time transaction processing, acquires centralized point of sale, product, pricing and people data and organizes it all to be securely analyzed, reported and shared with partners.

“This agreement sets a new benchmark in the retail and restaurant technology sector,” said Ryan Volberg, president and CEO of Vivonet. “Our partnership with Sodexo represents the largest ever Software as a Service point of sale rollout and one of the largest hospitality point of sale rollouts in North America. We believe that a transaction of this scope is a validation of Software as a Service as a legitimate technology solution for clients in the restaurant and foodservice industry who need better data to make better decisions.”

In North America, Sodexo serves ten million customers a day in corporate offices, health care facilities, long term care facilities, retirement homes, schools and college campuses as well as government, military, and remote sites.

In May 2010, Vivonet announced the completion of a US $8.5 million secondary and treasury financing with Vancouver-based private equity firm, Maxam Opportunities Fund LP.

Vivonet was founded in 1999 by Ryan Volberg and Kevin Falk whose vision was to harness the power of the internet to develop an advanced point-of-sale (POS), data warehousing and payment product for the restaurant industry that would provide functionality previously unavailable to the market.

Current Vivonet investors include the BC Discovery Fund, Greenstone Venture Partners, and Roynat Capital.