DTiQ Acquires Summit Innovations
DTiQ has struck a deal to acquire Summit Innovations, a provider of drive-thru timing and management solutions to Quick Service Restaurant (QSR) brands globally. Summit's proprietary technology is installed in over 10,000 restaurants in more than 40 countries. DTiQ expects the acquisition to close sometime in early fiscal Q4 2022.
The acquisition adds scale and variety to DTiQ's portfolio and expands the company's service and product offerings within the QSR industry. The pandemic has highlighted a significant demand within the QSR industry for drive-thru solutions and is therefore an important growth area for DTiQ.
DTIQ offers state-of-the-art video surveillance to improve loss prevention efforts for over 45,000 businesses, including Adidas, Burger King, Dairy Queen, Golf Town, Hard Rock Café, KFC, McDonald's, Pandora, Subway, Swarovski. Taco Bell, US Polo, Vineyard Vines and Yankee Candle. For more information, visit www.dtiq.com