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DateInvestorsAmountRound
-investor investor investor

€0.0

round
N/A

€0.0

round
investor investor investor

€0.0

round
*

N/A

Acquisition
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR201520162017
Revenues000000000000
% growth-738 %139 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Company filings or news article

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More about Ready2order
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ready2order provides cloud-based point-of-sale (POS) and payment software solutions tailored for small and medium-sized enterprises (SMEs) in the retail, hospitality, and service industries. The company was founded in Vienna in 2015 by Markus Bernhart and Christopher Fuchs. The founding was spurred by new POS legislation in Austria, which created a surge in demand for digital, compliant cash register systems.

Co-founder Christopher Fuchs, a passionate developer with extensive experience in web applications and databases, coded the first version of the software during his studies. Co-founder and CEO Markus Bernhart holds degrees in both law and business from the University of Vienna and the Vienna University of Economics and Business, respectively, providing a combination of legal, business, and technical expertise to the company's leadership. The company operates on a subscription-based model, charging monthly or annual fees for its software licenses. It also generates revenue through the sale of its own POS hardware, such as the readyMax terminal, and compatible third-party devices like printers and card readers.

The core of ready2order's offering is a flexible POS application that functions on various operating systems, including iOS, Android, and Windows, turning tablets, PCs, or smartphones into fully functional POS systems. The software's features include inventory and customer management, employee access controls, integrated payment processing for cards and mobile payments like Apple Pay and Google Pay, and detailed sales reporting. For the hospitality sector, a specialized "Gastro Package" adds functionalities like table service and digital ordering. A key selling point is the system's guarantee of being 100% compliant with tax laws through automatic cloud-based updates. The platform also integrates with other business tools, such as WooCommerce, to synchronize product data and stock levels.

Initially backed by investors like Speedinvest and Reimann Investors, who contributed to a €5 million funding round in 2020, ready2order demonstrated significant growth. This trajectory culminated in its 100% acquisition by the Italian IT company Zucchetti Group in July 2023. Despite the acquisition, ready2order continues to operate as an independent brand, with founders Bernhart and Fuchs remaining at the helm to guide its expansion. The company serves over 16,000 customers across Germany, Austria, and Switzerland. Keywords: point-of-sale, POS system, payment processing, cloud POS, SME software, retail technology, hospitality tech, cash register system, inventory management, customer management, mobile payments, digital receipts, restaurant POS, fintech, subscription software, POS hardware, tax compliance software, Zucchetti Group, Markus Bernhart, Christopher Fuchs

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