|
| [January 09, 2013] |
 |
TPG Growth and Instawares Launch Red Book Connect, First-of-Its-Kind Technology Platform
FORT WORTH, Texas & ATLANTA --(Business Wire)--
TPG Growth and Instawares Holding Company announced today the launch of
Red Book Connect, the first-of-its-kind comprehensive, cloud-based
technology platform for the restaurant, hospitality and retail
industries. The Red Book Connect platform joins industry leaders Red
Book Solutions, MacromatiX, My Recruiting Center, HotSchedules, and
SchooX to offer best-in-class technology with the financial firepower of
global investment firm TPG. The company will be led by John Chidsey,
former CEO and Chairman of Burger King, and backed by an ownership group
with an impressive track record for innovation and disruption in the
technology and service industries.
"Our community is starved for a single-source platform like Red Book
Connect to run more effective and efficient operations across single and
multi-location organizations," said John Chidsey, Executive Chairman of
Red Book Connect. "Combined under one brand, Red Book Connect is now the
largest cloud-based technology solutions company in the industry. By
acquiring or partnering with additional industry leaders in the future,
we are committed to meeting our customers' evolving needs with the
latest technology and solutions."
The offerings of the combined companies will help managers solve complex
managerial challenges, increase operational efficiency and improve
profitability. Many of the most common management tasks, including
hiring application processing, labor scheduling, recruiting and
onboarding, and inventory management, have historically been
accomplished through disparate systems or manually implemented
processes. With the creation of Red Book Connect, all of these
activities will be consolidated into one integrated platform.
The innovative solutions that embody this new scalable venture are:
-
Red Book Solutions: the nation's premier provider of management
playbooks for over 20 years, with a complete suite of tools designed
to help individual units realize their performance objectives by
addressing consistency around task management, communication, key
metric evaluation, crisis management and training. Red Book Solutions
serves 75% of the top 20 quick service restaurants, 80% of the top
restaurant chain management companies, and 100% of the top 10 largest
hotel chains-reaching over 325,000 managers in more than 100,000
locations aross the globe. Within this new endeavor, Red Book
Solutions' flagship tool, The Manager's Red Book, will be offered in a
new digital format in 2013 in response to client demand, along with
the popular print version.
-
MacromatiX: the global leader in cloud-based retail and hospitality
management solutions designed to increase productivity and operational
excellence, including the MacromatiX Retail Operating System, a
complete inventory and supply chain management tool.
-
My Recruiting Center: a comprehensive pre-employment SaaS (News - Alert) platform
designed for smaller businesses, which provides access to products and
solutions typically available only to large enterprises.
-
HotSchedules: through its minority ownership of HotSchedules, Red Book
Connect offers HotSchedules' suite of intuitive mobile and web-based
shift scheduling, forecasting and digital hiring solutions that
streamline the employee scheduling process, and help reduce labor
costs and increase employee retention, reaching 850,000 active users
with 23 million monthly logins. Its mobile apps are consistently rated
by AppToday as one of the Top 10 Business Apps.
-
SchooX: Red Book Connect also has an agreement to deliver SchooX's
online social learning platform, which offers a wide range of courses
developed by expert knowledge providers from both within and outside
an organization. The environment can be adjusted to reflect a
company's curriculum structure in their own Corporate Academy. For
example, restaurants, hotels and other franchises can simply and
affordably provide a continuous learning and training platform to all
of their employees and locations, helping to boost compliance,
training, succession programs, and self-learning.
"We are thrilled to provide these industry leading solutions under the
experienced leadership of John Chidsey, who successfully led Burger King
for six years," said William McGlashan, Jr., TPG Growth Managing
Partner. "Red Book Connect will be the go-to platform for back-of-house
needs, allowing those in the service industry to remain focused on what
they do best - serving their customers."
The Red Book Connect Board of Directors consists of William McGlashan
and Ransom Langford (TPG Growth), John Chidsey (Red Book Connect), Cam
Lanier (Instawares Holding) and Ray Pawlikowski (HotSchedules).
About Red Book Connect
Red Book Connect is the largest technology solutions company supporting
the retail, restaurant and hospitality industries' comprehensive
operational needs in a fast, efficient and affordable way. The company
offers solutions and products from industry leaders Red Book Solutions,
MacromatiX, My Recruiting Center, Hot Schedules, and SchooX. Currently
serving more than 1.2 million users in over 127,000 locations across 27
countries worldwide, Red Book Connect is headquartered in Atlanta,
Georgia with major offices in Denver, Colorado, Austin, Texas, and
Sydney, Australia. www.redbookconnect.com
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of
TPG, the global private investment firm. With $3.7 billion under
management, TPG Growth targets investments in a broad range of
industries and geographies, utilizing leveraged buyout, growth equity,
and private investment in public equity (PIPE) structures. The firm is
backed by the resources of TPG, which has $54.5 billion of assets under
management. TPG Growth has offices in the United States, China and
India. www.tpggrowth.com.
About Instawares Holding Company
Led by legendary technology investor Cam Lanier, Instawares Holding has
been assembling best-in-class technology companies focused on the vast
and growing restaurant marketplace. Their online solutions range from
ecommerce restaurant supply to new customer acquisition technologies
that leverage online banking platforms. www.instawaresholding.com
[ Back To greentechnologyworld.com's Homepage ]
|
