Summit Innovations Pty Ltd Asset Profile

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Year established

2009

Location

Australia

Primary Industry

Software

About

Founded in 2009 and based in Victoria, Australia, Summit Innovations Pty Ltd operates as an information technology (IT) company that provides products and management solutions to the quick service restaurant (QSR) industry. In October 2022, DTiQ Technologies, Inc. agreed to acquire Summit Innovations. The transaction is expected to be completed in early fiscal Q4 2022. As of 2022, Summit serves more than 10,000 restaurants in over 40 countries and also has an office in the US. The company provides products including a drive-thru timing system, dynamic ranking system, panorama reporting, a G5 drive-thru headset, and a restaurant performance monitor. The firm's clients include Taco Bell, Starbucks, Subway, Nando's, Dunkin', Caltex, Burger King, Liberty, H & M, and more.

Current Investors

DTiQ Technologies, Inc.

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Primary Industry

Software

Sub Industries

Internet, Sales & Marketing Software, Operating Systems (OS), Application Integration Software, Analytics & Performance Software, Information Services

Website

www.summitinnovations.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Summit Innovations Pty Ltd	17 Oct 2022

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