Willkie represented Fourth and Insight Partners in the transaction, the largest in the hospitality technology industry.
On July 10, HotSchedules, provider of the leading workforce and inventory management solutions for the restaurant industry, and Fourth, provider of the only integrated hospitality workforce management and cost-control operations platform, announced they merged business operations in an agreement backed by Marlin Equity Partners and Insight Partners. Willkie represented Fourth and Insight Partners in the transaction.
Together, the merged company represents the world’s largest and only provider of end-to-end restaurant and hospitality management solutions for customers across the globe and of all sizes—from a single location or franchisee restaurant to a global restaurant or hotel chain. The combined company’s complete software-as-a-service (SaaS) solution suite including: scheduling, time & attendance, applicant tracking, training, inventory management/procurement, HR/benefits and payroll services now serves customers in 120,000 locations worldwide and is supported by a dedicated, unified team across offices in the U.S., U.K., Bulgaria, China, Australia and UAE.
HotSchedules and Fourth will unite under the leadership of Ben Hood, CEO of Fourth, and an executive team comprised of HotSchedules and Fourth team members. The combined entity will continue to support solutions across their respective platforms. The business will be headquartered in Austin, TX and London, U.K.
Fourth provides complete, end-to-end restaurant and hospitality management solutions that empower operators to optimize profits, enhance guest satisfaction, improve employee engagement and scale profitably. Founded in 1999, Fourth serves more than 1,200 customers in 60 countries. HotSchedules provides state-of-the-art technology, services and user experiences for the restaurant, retail and hospitality verticals. Over 30,000 customers across 170,000+ locations globally – from large international chains to independent and emerging concepts – rely on HotSchedules’ software and solutions to help them control costs, maintain compliance, improve visibility, increase profitability and drive operational consistency.
The Willkie deal team was led by partners Morgan Elwyn and Ziyad Aziz.