TransAct Furthers Momentum for Acceptance of BOHA! Software and Hardware Ecosystem Through Agreement With Local Convenience Store Operator
HAMDEN, Conn.--(BUSINESS WIRE)--Dec. 9, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new agreement with a local convenience store operator to deploy one BOHA! SaaS-based app alongside the BOHA! Terminal to support the customer’s fast-casual café concept.
TransAct expects the 21 customer locations to go live with a BOHA! Terminal, the BOHA! Labeling SaaS-based app and the TransAct Enterprise Management System (TEMS) in the near-term. The local convenience store operator will also purchase TransAct Labels which are specifically designed to work with the thermal printers featured in the BOHA! Terminal. TransAct believes the annual recurring average revenue per unit (“ARPU”) for this agreement will be more than $1,100 per year. The deployment of BOHA! Labeling will satisfy the customer’s immediate labeling needs made necessary by forthcoming Food and Drug Administration labeling laws. The customer will also soon begin an evaluation period for two additional BOHA! SaaS-based apps for potential future deployment.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “We introduced the BOHA! ecosystem earlier this year as an innovative, flexible solution than can easily support the needs of restaurant and foodservice operators of all sizes. This latest win, following on the early success of BOHA! with a number of larger operators, proves that our solution is well-positioned to help smaller companies bring real benefits to their back-of-house operations. Our customers are embracing BOHA! as an easy way to implement cost-saving, efficiency-driving software-driven technology solutions into their day-to-day workflows and we believe the growing momentum for BOHA! across the restaurant and foodservice industry landscape will further benefit TransAct through a combination of up-front hardware sales revenue and attractive recurring annual ARPU related to our apps and labels.”
BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.
For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.
TransAct expects the 21 customer locations to go live with a BOHA! Terminal, the BOHA! Labeling SaaS-based app and the TransAct Enterprise Management System (TEMS) in the near-term. The local convenience store operator will also purchase TransAct Labels which are specifically designed to work with the thermal printers featured in the BOHA! Terminal. TransAct believes the annual recurring average revenue per unit (“ARPU”) for this agreement will be more than $1,100 per year. The deployment of BOHA! Labeling will satisfy the customer’s immediate labeling needs made necessary by forthcoming Food and Drug Administration labeling laws. The customer will also soon begin an evaluation period for two additional BOHA! SaaS-based apps for potential future deployment.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “We introduced the BOHA! ecosystem earlier this year as an innovative, flexible solution than can easily support the needs of restaurant and foodservice operators of all sizes. This latest win, following on the early success of BOHA! with a number of larger operators, proves that our solution is well-positioned to help smaller companies bring real benefits to their back-of-house operations. Our customers are embracing BOHA! as an easy way to implement cost-saving, efficiency-driving software-driven technology solutions into their day-to-day workflows and we believe the growing momentum for BOHA! across the restaurant and foodservice industry landscape will further benefit TransAct through a combination of up-front hardware sales revenue and attractive recurring annual ARPU related to our apps and labels.”
BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.
For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.
