Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to Riverside Company as it enters into a partnership with the founder team of Germany-based Gastromatic
Shift-based industries involve highly complex HR processes. Gastromatic simplifies these processes for its customers so they can spend more time focusing on business growth. More than 2600 customers in shift-based industries already rely on Gastromatic’s software platform to manage their workforce and automate critical business processes, from staff scheduling to time recording to payroll across 12,000 sites.
Gastromatic’s software platform is the single source for all employee-related data. It lets customers and their staff reap the benefits of modern and digital workflows. The result is more efficient operations and greater employee satisfaction.
Gastromatic’s software platform offers seamless integration possibilities with adjacent systems, including point of sales systems and property management systems. The company’s success is owed to its well-received software platform, which is a testament to the team’s dedication to product and customer centricity. With Riverside on board, Gastromatic will have a partner with significant experience in building software businesses as well as a global network and resources. Gastromatic anticipates this partnership will help accelerate its growth trajectory.
The partnership with Gastromatic is yet another example of Riverside’s investment in software and IT sector companies. Not only has Riverside completed more than 240 investments in this focus area, it also has a team of global experts dedicated to growing companies in SaaS, software, and specialized IT areas.
Scope of Work
Code & Co. provided Tech & Product Due Diligence to Riverside ahead of its investment in Gastromatic. The due diligence process involved assessing the company’s architecture, infrastructure, security and technology. It also involved an analysis of the company’s team and processes, product KPIs, operations and customer support practices.
Gastromatic is a leading SaaS provider of workforce management software solutions for small and medium-sized businesses operating in shift-based industries. The company was founded in 2014 by a team of five co-founders who will continue to lead the company, which is headquartered in Darmstadt, Germany.
The Riverside Company is a global private equity investor focused on the smaller end of the middle market. By partnering with sellers who are keen to remain on board, Riverside helps drive growth through fundamental operating improvements and add-on acquisitions. Riverside has more than 960 investments and strives to grow companies organically via new products, expanding markets, enhanced operations, and improved processes.
About Code & Co.
Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.