Squadle Closes 2020 with Positive Momentum and 400% Increase in Annual Recurring Revenue
February 09 2021 - 9:03AM
Squadle, a workflow automation company that enables multi-unit
operators to simplify complex operations and streamline food
safety, today announced that it closed out 2020 with a 400%
increase in annual recurring revenue (ARR). At the same time,
Squadle announced the appointment of franchising veteran Matthew
Patinkin to its board of directors.
In 2020, Squadle crossed a number of significant milestones,
helping food service brands efficiently complete one billion tasks,
saving over 900,000 managerial hours. Despite the impact of
Covid-19 on the foodservice industry, Squadle expanded its customer
base, providing food safety and automation solutions that proved
essential to their business during the pandemic.
The Squadle platform continued to support QSR brands focused on
delivering a safe and enjoyable dining experience for their guests.
Grocery stores, labeled an essential industry in 2020, are also
starting to adopt digital workflows within their
operations--relying on Squadle as their workflow automation
engine.
Squadle’s workflow automation platform includes digital food
safety, shift management, and remote temperature monitoring
offerings that help brands to automate and record workflow tasks,
removing pen and paper from their back-of-house operations.
“With a firm foothold in the pandemic-resistant QSR industry,
convenient stores, and grocery industry, Squadle experienced a
highly successful 2020. We saw many new brands come online last
year, and as a result, we experienced a tremendous financial
performance,” said Charlie Piper, CEO and President, Squadle, Inc.
“As we look forward to 2021, Squadle is well-positioned to meet the
growing technology demands across the food service industry.”
Matthew Patinkin Joins Squadle Board of
Directors
Matthew Patinkin is a successful business executive with 35+
years of experience leading consumer-facing retail and foodservice
companies. As a member of Squadle’s Board of Directors, he will
participate in all aspects of strategic growth and development.
Mr. Patinkin is currently co-owner and operating partner with
Double P Corporation, one of the largest Auntie Anne's Pretzel and
Cinnabon franchisees, with over 80 stores across the United States.
Mr. Patinkin also currently sits on the Board of Directors of the
International Franchise Association (IFA). He previously served in
senior leadership and board roles with Whitehall Jewelers, Inc.
(NYSE: JWL), GSP, and Sara Investment Real Estate.
“Squadle’s patented technology is trusted by the nation’s
leading brands to ensure food safety, from wirelessly checking food
temperatures on the line, to monitoring walk-in coolers and
equipment,” said Matthew Patinkin. “I look forward to working with
the Squadle team to help meet the needs of leading multi-unit
restaurant brands.”
About Squadle
Squadle is a workflow automation company committed to delivering
a flexible, user-friendly platform which enables multi-unit
operators, convenience stores, and retailers to simplify complex
operations and streamline food safety. By combining its proprietary
digital checklists, patented sensor automation, and machine vision
technology with its customer first approach, Squadle delivers
intuitive, out-of-the-box ready products. Squadle Checklists™ has
stored more than one billion records and completed tasks, while the
ZeroTouch™ technology has measured over 40,000,000 bluetooth
temperatures. Squadle’s customers operate tens of thousands of
locations worldwide and include the largest and most respected
brands in their industries. Learn more at www.squadle.com.
Media Contact:Derek Stangle, Squadle,
Inc.media@squadle.comhttps://www.squadle.com
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