PriceSensitive

Vault breaks into U.S. market via Restaurant Brands

Consumer
ASX:VLT
29 August 2019 02:15 (AEST)

Leading SaaS business, Vault Intelligence has entered the U.S. market via its key client, Restaurant Brands.

Vault Intelligence specialises in creating solutions in the risk, environment, health and safety sector. Vault operates across 30 industries and has over 350 customers based across eight countries.

Its leading cloud-based systems provide its clients cost-efficient and accessible information to monitor, maintain and improve their businesses.

Restaurant Brands is based in New Zealand and is one of Vault’s largest clients. It operates the New Zealand outlets of KFC, Pizza Hut and Carl’s Jr., as well as KFC in Australia, and Pizza Hut and Taco Bell in Hawaii, Guam and Saipan.

Restaurant Brands is responsible for expanding Vault to an additional 143 sites within Australia and the U.S.

“This extension with one of our largest client’s is a testament to our relationship and the service provided to Restaurant Brands, supported by great products and solutions in the retail food sector,” Vault CEO David Moylan said.

The fast-food franchise is now using Vault’s software, Vault Enterprise at 79 additional sites in the U.S. Specifically in Hawaii, Guam and Saipan. Restaurant Brands has also expanded the use of the software in Australia with an additional 64 sites for KFC.

Vault is extremely pleased with the expansion into the U.S. The company is currently in discussion with several large organisations for potential strategic and/or distribution partnerships to implement Vault’s software.

“Importantly, this growth also affords us our first foray into the substantial U.S. market, which we will leverage over the coming quarters to further grow Vault product penetration and CARR in that market,” David said.

Related News