- Gastromatic will continue to be led by its five co-founders
- Riverside has so far completed over 240 investments in software and IT sectors
- Riverside is a global private equity firm based in New York
The Riverside Company has partnered with the founder team of Germany-based Gastromatic, a SaaS provider of workforce management software products for small and medium sized businesses operating in shift-based industries. No financial details of the transaction were disclosed.
Gastromatic, headquartered in Darmstadt, Germany, was founded in 2014 by a team of five co-founders who will continue to lead the firm.
Gastromatic’s software platform provides seamless integration possibilities with adjacent systems such as point of sales systems and property management systems, according to a release.
“Gastromatic’s success is based on an excellent software platform, stemming from the team’s absolute dedication to product and customer centricity,” said Michael Weber, Riverside Europe senior partner. “Shift-based industries exhibit a high level of complexity when it comes to HR processes – Gastromatic simplifies this complexity for its customers and enables them to focus on growing their businesses.”
Riverside’s team involved on the deal were Weber, Florian Halama, vice-president, Nicola Philipp Tomaschko, senior associate, Philipp Schenk, associate, and Sophia Sigalov, analyst.
Riverside has so far completed over 240 investments in software and IT sectors.
The Riverside Company, headquartered in New York, is a global private equity firm focused on investing in growing businesses valued at up to $400 million.
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