Upserve Acquires Inventory Management Company SimpleOrder

Providence, Rhode Island-based developer of digital restaurant management tools Upserve Inc. has acquired Tel Aviv-based inventory management startup SimpleOrder Ltd., the companies announced Tuesday.

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Founded in 2012, SimpleOrder develops a system that helps restaurants manage their inventory of perishables, detect changing prices in real time, and automatically calculate the actual cost of various dishes.

The financial terms of the deal were not disclosed.

UpServe, which was founded in 2009, offers business management tools for restaurants. The company has additional offices in Denver, New York, Chicago, and Tel Aviv has raised $65 million to date.

Following the acquisition, SimpleOrder’s service will be rebranded as Upserve Inventory and will be integrated into Upserve’s interface, according to the announcement published by the companies.