Squadle Posts 400% Increase in Annual Recurring Revenue
Squadle, a workflow automation company that enables multi-unit operators to simplify complex operations and streamline food safety, today announced that it closed out 2020 with a 400% increase in annual recurring revenue (ARR).
In 2020, Squadle crossed a number of significant milestones, helping foodservice brands efficiently complete one billion tasks, saving over 900,000 managerial hours. Despite the impact of Covid-19 on the foodservice industry, Squadle expanded its customer base, providing food safety and automation solutions that proved essential to their business during the pandemic.
The Squadle platform continued to support QSR brands focused on delivering a safe and enjoyable dining experience for their guests. Grocery stores, labeled an essential industry in 2020, are also starting to adopt digital workflows within their operations--relying on Squadle as their workflow automation engine.
Squadle’s workflow automation platform includes digital food safety, shift management, and remote temperature monitoring offerings that help brands to automate and record workflow tasks, removing pen and paper from their back-of-house operations.
In other news, Matthew Patinkin joins Squadle board of directors. He has more than 35 years of experience leading consumer-facing retail and foodservice companies.