New Agreement Includes BOHA! Labeling App and BOHA! Terminals; Operator to Trial Additional BOHA! Apps for Potential Future Deployment
TransAct Technologies Incorporated, a global leader in software-driven technology and printing solutions for high-growth markets, announced that it has secured a new agreement to deploy the BOHA! Terminal and one of its BOHA! SaaS-based apps across a regional foodservice operator’s 45 U.S. locations.
TransAct expects approximately 30 customer locations to go live with the BOHA! Terminal, the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (TEMS) over the next 12 months, with an additional 15 locations to follow over time. This new BOHA! customer 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 $2,500 a year, with the potential for additional upside as the customer is currently evaluating two additional BOHA! SaaS-based apps for potential future deployments.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “We continue to see strong levels of interest for BOHA! and its revolutionary ecosystem of SaaS-based software and purpose-built hardware. Our newest agreement to deploy the BOHA! Terminal and BOHA! Labeling app across another regional foodservice operator’s locations represents the latest endorsement for the benefits BOHA! provides for back-of-house operations. Since launching BOHA! earlier this year, operators of all sizes from across the restaurant and foodservice landscape have come to appreciate how our revolutionary ecosystem can drive cost savings and improve efficiency wherever food is prepared for sale in both take-out and dine-in settings.
“BOHA! was designed from the start to be the industry’s first single-source platform that provides a wide variety of software-driven back-of-house functions. With BOHA! rolling out across a growing base of restaurant and foodservice operator customers in the US, Canada and abroad, TransAct is focused on providing customers with an easy-to-use and easy-to-deploy ecosystem of hardware solutions, cloud-based SaaS apps and proprietary labels that allow them to operate more effectively and efficiently. Customers are also benefiting from TransAct’s ongoing commitment to address each of their distinct operational needs based on menu requirements and operational workflows. We continue to position TransAct for long-term growth thanks to a business model built around up-front hardware sales revenue and attractive recurring annual ARPU related to our apps and label solutions which are critical components of the BOHA! ecosystem and our overall recurring revenue proposition.”
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.