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Framingham surveillance-tech company to acquire Australian-owned drive-thru analytics firm

Framingham-based DTiQ announced that it will acquire Summit Innovations, an international drive-thru technology firm. ....

United States , Mike Coffey , Marc Litz , Quick Service Restaurant , Digital Alpha Advisors , Summit Innovations ,

DTiQ Announces Significant Global Expansion and Bolsters its Drive-Thru Solution Offering with Summit Innovations Acquisition

FRAMINGHAM, Mass., Oct. 18, 2022 /PRNewswire/ DTiQ announced today that it will be acquiring Summit Innovations, a world leader in drive-thru timing and management solutions to leading Quick Service Restaurant (QSR) brands globally. Summit's proprietary technology is installed in over 10,000 restaurants in more than 40 countries. DTiQ expects the acquisition to close sometime in early fiscal Q4 2022. The acquisition adds scale and variety to DTiQ's portfolio and expands the company's service and product offerings within the QSR industry, one of our key end markets. The Covid pandemic has highlighted a significant demand within the QSR industry for drive-thru solutions and is therefore an important growth area for DTiQ. "I look forward to welcoming Summit Innovations and their talented and highly skilled employees to our team," said Marc Litz, CEO of DTiQ. "I am confident that our shared capabilities will make us the most qualified and competent team in the ....

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DTiQ Announces Significant Global Expansion and Bolsters its Drive-Thru Solution Offering with Summit Innovations Acquisition

FRAMINGHAM, Mass., Oct. 18, 2022 /PRNewswire/ DTiQ announced today that it will be acquiring Summit Innovations, a world leader in drive-thru timing and management solutions to leading Quick Service Restaurant (QSR) brands globally. Summit's proprietary technology is installed in over 10,000 restaurants in more than 40 countries. DTiQ expects the acquisition to close sometime in early fiscal Q4 2022. The acquisition adds scale and variety to DTiQ's portfolio and expands the company's service and product offerings within the QSR industry, one of our key end markets. The Covid pandemic has highlighted a significant demand within the QSR industry for drive-thru solutions and is therefore an important growth area for DTiQ. "I look forward to welcoming Summit Innovations and their talented and highly skilled employees to our team," said Marc Litz, CEO of DTiQ. "I am confident that our shared capabilities will make us the most qualified and competent team in the ....

Andrej Pravaz , Marc Litz , Kim Redstall , Rick Shrotri , Prnewswire Dti , Corporate Development Strategy At Summit Innovations , Cisco Systems Inc , Burger King , Hard Rock Cafe , Digital Alpha Advisors , Quick Service Restaurant , Taco Bell , Dairy Queen , Digital Alpha Fund , Summit Innovations , Kim Redstall Director , Corporate Development , Managing Partner , Golf Town , Vineyard Vines , Business Intelligence , Alpha Advisors , Cisco Systems , Digital Alpha , Silicon Valley , Digital Economy ,