Toast, a Boston, MA-based restaurant management platform provider, acquired StratEx, a provider of HR and payroll software for restaurants.
The amount of the deal was not disclosed.
Led by Adam Ochstein, CEO, StratEx provided HR software and consulting services for restaurants to automate applicant tracking, scheduling, payroll, benefits, and labor law compliance.
As a result of the acquisition, the former StratEx product is now part of Toast Payroll & Team Management, an all-in-one HR solution built specifically for the restaurant industry. Designed to work with Toast Point of Sale, the solution automates employee onboarding, accurately tracks hours across locations, streamlines payroll, and simplifies compliance for restaurants of all sizes.
Launched in 2013 and led by Chris Comparato, CEO, Toast powers restaurants of all sizes with a technology platform that combines restaurant POS, front of house, back of house and guest-facing technology with a diverse marketplace of third-party applications. By pairing technology with commitment to customer success, the company enables restaurants to streamline operations, increase revenue and deliver the best guest experiences possible.