Quantaco acquires CTB AND CO to dominate hospitality tech

Quantaco, a prominent financial technology and advisory services provider in Australia's hospitality sector, has announced its acquisition of CTB AND CO, a kitchen management software company. This strategic move is expected to position Quantaco as one of the largest technology solutions providers for the hospitality industry in Australia.

The acquisition aims to create a comprehensive suite of products for customers, integrating Quantaco's financial technology solutions with CTB AND CO's expertise in kitchen management software. Both Quantaco and CTB AND CO have served the Australian hospitality industry for over a decade, working with notable businesses such as Brickfields Hospitality, O'Hara Hotel Group, Feros Group, and Welcome Hospitality.

"Quantaco's mission is to help our customers further digitise existing processes which were historically analogue, for increased business performance and profitability," said Anthony Sullivan, Founder and Chief Executive Officer of Quantaco. "The acquisition of CTB AND CO will provide a wealth of data points including sales transactions, purchases, and historical trends on food prices, which will deliver deeper operational insights for businesses and help them take any corrective action to improve their financial performance."

Sullivan acknowledged the innovation and creativity of CTB AND CO, noting his long-standing professional relationship with its founder, Andrew Briese. "I've had the pleasure of working with Andrew Briese and his team for several years and have always been impressed by the innovation and creativity of the solutions developed by their team. I'm excited about what we can achieve together," Sullivan said.

CTB AND CO will continue to trade under its brand and will operate as a service line within Quantaco's technology suite. Andrew Briese will join Quantaco's executive team as the Executive Director for CTB AND CO. Briese expressed his enthusiasm for the collaboration, saying, "I've observed Quantaco for many years and have seen how Anthony Sullivan and his team have developed solutions to solve problems in the industry. The addition of CTB AND CO perfectly complements Quantaco's existing capabilities, and I couldn't be more excited to join the Quantaco team. Together, we'll drive cost control and transparency within the hospitality industry while delivering innovation initiatives in our product offering. With Quantaco's expertise and resources behind CTB AND CO, we'll accelerate and expand the benefits offered to our customers. Our customers are the heart of everything we do, and this acquisition will allow us to better serve them by providing even more cutting-edge solutions that meet their evolving needs."

Quantaco plans to leverage the acquisition to create a seamless ecosystem of products that can better serve the evolving needs of the hospitality industry. This development is seen as particularly timely given the challenging retail and hospitality environment.

The acquisition will result in a combined team of over 200 employees working across Australia, New Zealand, and Asia, including hospitality experts, support specialists, and chefs transitioning from CTB AND CO to become part of Quantaco.