TransAct to Supply Regional Foodservice Operator With BOHA! Hardware and Software Ecosystem
September 04 2019 - 10:00AM
Business Wire
New Agreement Includes BOHA! Labeling App
and BOHA! Terminals; Operator to Trial Additional BOHA! Apps for
Potential Future Deployment
TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct”
or “the Company”), a global leader in software-driven technology
and printing solutions for high-growth markets, announced today
that it has secured a new agreement to deploy the BOHA! Terminal
and one of its BOHA! SaaS-based apps across a regional foodservice
operator’s 45 U.S. locations.
TransAct expects approximately 30 customer locations to go live
with the BOHA! Terminal, the BOHA! Labeling SaaS-based app and
TransAct Enterprise Management System (TEMS) over the next 12
months, with an additional 15 locations to follow over time. This
new BOHA! customer will also purchase TransAct Labels which are
specifically designed to work with the thermal printers featured in
the BOHA! Terminal. TransAct believes the annual recurring average
revenue per unit (“ARPU”) for this agreement will be more than
$2,500 a year, with the potential for additional upside as the
customer is currently evaluating two additional BOHA! SaaS-based
apps for potential future deployments.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies,
said, “We continue to see strong levels of interest for BOHA! and
its revolutionary ecosystem of SaaS-based software and
purpose-built hardware. Our newest agreement to deploy the BOHA!
Terminal and BOHA! Labeling app across another regional foodservice
operator’s locations represents the latest endorsement for the
benefits BOHA! provides for back-of-house operations. Since
launching BOHA! earlier this year, operators of all sizes from
across the restaurant and foodservice landscape have come to
appreciate how our revolutionary ecosystem can drive cost savings
and improve efficiency wherever food is prepared for sale in both
take-out and dine-in settings.
“BOHA! was designed from the start to be the industry’s first
single-source platform that provides a wide variety of
software-driven back-of-house functions. With BOHA! rolling out
across a growing base of restaurant and foodservice operator
customers in the US, Canada and abroad, TransAct is focused on
providing customers with an easy-to-use and easy-to-deploy
ecosystem of hardware solutions, cloud-based SaaS apps and
proprietary labels that allow them to operate more effectively and
efficiently. Customers are also benefiting from TransAct’s ongoing
commitment to address each of their distinct operational needs
based on menu requirements and operational workflows. We continue
to position TransAct for long-term growth thanks to a business
model built around up-front hardware sales revenue and attractive
recurring annual ARPU related to our apps and label solutions which
are critical components of the BOHA! ecosystem and our overall
recurring revenue proposition.”
BOHA! is the first single-vendor solution to combine
applications for Inventory Management, Temperature Monitoring of
Food and Equipment, Timers, Food Safety Labeling, Food Recalls,
Checklists & Procedures, Equipment Service Management and
Delivery Management in one fully-integrated platform. Each BOHA!
solution combines cloud-based SaaS applications with hardware and
accessories to deliver superior results for critical back-of-house
operations. BOHA! offers a one-stop solution for restaurants and
food service companies to address their current back-of-house
operating requirements while providing a future-ready platform
capable of addressing back-of-house operations as they continue to
evolve. BOHA! Terminal includes TEMS (TransAct Enterprise
Management System) to ensure only approved apps and functions are
available on the device.
For more information on the Company’s BOHA! hardware and
software ecosystem, please visit
www.transact-tech.com/restaurant-solutions/boha.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in
developing software-driven technology and printing solutions for
high-growth markets including restaurant solutions, POS automation,
casino and gaming, lottery, and oil and gas. The Company’s
solutions are designed from the ground up based on customer
requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®,
Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3
million printers and terminals around the world and is committed to
providing world-class service, spare parts and accessories to
support its installed product base. Through the TransAct Services
Group, the Company also provides customers with a complete range of
supplies and consumable items both online at
http://www.transactsupplies.com and through its direct sales team.
TransAct is headquartered in Hamden, CT. For more information,
please visit http://www.transact-tech.com or call (203)
859-6800.
BOHA! is a trademark of TRANSACT Technologies Incorporated.
©2019 TRANSACT Technologies Incorporated. All rights reserved.
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified
by the use of forward-looking terminology, such as "may", "will",
"expect", "intend", "estimate", "anticipate", "believe" or
"continue" or the negative thereof or other similar words. All
forward-looking statements involve risks and uncertainties,
including, but not limited to, customer acceptance and market share
gains, both domestically and internationally, in the face of
substantial competition from competitors that have broader lines of
products and greater financial resources; our competitors
introducing new products into the marketplace; our ability to
successfully develop and introduce new products and the acceptance
of such products in the marketplace; our dependence on significant
customers; our dependence on significant vendors; dependence on
contract manufacturers for the assembly of a large portion of our
products in Asia; our ability to protect intellectual property; our
ability to recruit and retain quality employees as the Company
grows; our dependence on third parties for sales outside the United
States, including Australia, New Zealand, Europe, Latin America and
Asia; the economic and political conditions in the United States,
Australia, New Zealand, Europe, Latin America and Asia; marketplace
acceptance of new products; risks associated with foreign
operations; the availability of third-party components at
reasonable prices; price wars or other significant pricing
pressures affecting the Company's products in the United States or
abroad; risks associated with potential future acquisitions; the
risk that our new line of food safety and oil and gas products will
not drive increased adoption by customers; and other risk factors
detailed in TransAct's Annual Report on Form 10-K and other reports
filed with the Securities and Exchange Commission. Actual results
may differ materially from those discussed in, or implied by, the
forward-looking statements. The forward-looking statements speak
only as of the date of this release and the Company assumes no duty
to update them to reflect new, changing or unanticipated events or
circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20190904005200/en/
Investors: Steve DeMartino President and Chief Financial
Officer TransAct Technologies Incorporated 203-859-6810 Richard
Land, Joseph Jaffoni, Jim Leahy JCIR 212-835-8500 or
tact@jcir.com
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