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Company to host live virtual event showcasing latest product features and interviews with restaurant operator partnersANN ARBOR, Mich., Feb. 22, 2021 (GLOBE NEWSWIRE) Wisely, the guest engagement platform and restaurant CRM that provides waitlist & reservations, table & order management, marketing automation, and guest sentiment tools for the industry, today announced the debut of two new solutions to support operators amid the growing demand for off-premise meals. To introduce the product offerings, Wisely will host a live virtual webinar event, Sequel presented by Wisely, February 25th at 1:00 p.m. ET. The webinar will feature a number of Wisely’s restaurant partners who provided input as the latest features were built, as well as product demos of several other new offerings. Wisely's Call In Order Management was created to streamline off-premise phone orders, which the company’s data shows can make up to 30% of all orders. Restaurant staff can digitize
Private Equity Firms Dig into Their Pockets to Keep Companies Afloat
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Private equity funds are fronting cash to the smaller and midsized companies they had bought out, in an effort to help keep them afloat through the pandemic.
In the third quarter, midsized corporations that had combined debt of at least $7.6 billion received cash infusions, according to
Lincoln International, an advisory firm that tracks a set of U.S. companies with less than $100 million in annual earnings. Last year, these sorts of transactions were rare.
The cash injections represent an unusual move for private equity funds that usually prefer to take money out of the companies they buy, and signal that the investment firms expect the current pain to soon pass for companies that do everything from running restaurants to building software. Buyout fund managers would rather keep their corporations afloat for a few more months than face messy bankr