365 snaps up Scots catering software firm Spoonfed
Co-founders: Murray McNicol and Willie Biggart
Glasgow-based company Spoonfed, whose software is used by global and independent contract caterers, as well as restaurant chains, has been bought by a US technology firm.
The board of Aptus Systems, trading as Spoonfed, have confirmed completion of the seven-figure deal with Michigan-based 365 Retail Markets.
Full details were not disclosed, but the deal provides an exit for Spoonfed’s investor base, including main backers Equity Gap and Scottish Enterprise.
Spoonfed has grown rapidly since its launch in 2013 and is now used by many brands and institutions, including three of the top 10 globally-ranked universities.
It is a web-based software subscription service, delivering efficiencies for a wide range of catering activities.
The company was founded by Willie Biggart and Murray McNicol and with the help of software entrepreneur Steven Wojciechowski, they created a software solution to resolve major operational issues.
Joe Hessling, founder of 365, believes Spoonfed will add further value to its expanding customer base.
“We have built a great relationship with the Spoonfed team, and we share an exciting vision for the business.”
365 will provide the capital, international network and support for Spoonfed to realise its full potential particularly in the US and European markets as part of the broader 365 product portfolio.