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M&A Deal Summary

Mad Mobile Acquires Cake

On August 6, 2020, Mad Mobile acquired internet software and services company Cake from Sysco

Acquisition Highlights
  • This is Mad Mobile’s 2nd transaction in the Internet Software and Services sector.
  • This is Mad Mobile’s 2nd transaction in the United States.
  • This is Mad Mobile’s 1st transaction in California.

M&A Deal Summary
Date 2020-08-06
Target Cake
Sector Internet Software and Services
Buyer(s) Mad Mobile
Sellers(s) Sysco
Deal Type Divestiture

Target

Cake

San Mateo, California, United States
Cake Corp. is focused on offering restaurant-specific technology solutions. Cake’s platform seamlessly integrates front and back of house restaurant operations, allowing restaurant owners and operators to achieve unparalleled visibility into and control over their point of sale, table and waitlist management, menu pricing, guest preference tracking, reservations systems, inventory, and payroll. Cake was formed in 2011 and has offices in Silicon Valley, California, Austin, Texas, and Sri Lanka.

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Buyer(S) 1

Buyer

Mad Mobile

Tampa, Florida, United States
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Mad Mobile is a tech company provides enterprise mobile applications with a proven platform that rapidly integrates and orchestrates real-time data from enterprise systems into a single, mobile application for store associates. The company's Concierge application enables store associates to conduct Clienteling, Assisted Selling, BOPIS, and MPOS on any mobile device. Mad Mobile is based in 2010 and is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 KidoZen

Miami, Florida, United States

KidoZen, Inc. is a provider of cloud base platform for development of mobile applications.

Buy -

Seller(S) 1

SELLER

Sysco

Houston, Texas, United States
Category Company
Founded 1969
Sector Distribution
Employees76,000
Revenue 78.8B USD (2024)
DESCRIPTION
Entrance to Sysco's corporate headquarters in Houston, Texas.
Entrance to Sysco's corporate headquarters in Houston, Texas.

Sysco is a distributor of food products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. Sysco's family of products also includes equipment and supplies for the food service and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 J. Kings Food Service Professionals

Holtsville, New York, United States

J. Kings Food Service Professionals, Inc. is a distributor of food products in the New York area, also servicing customers in Connecticut and New Jersey. J. Kings Food Service Professionals, Inc. was founded in 1974 and is based in Holtsville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Greco and Sons

Bartlett, Illinois, United States

Greco and Sons is an importer, manufacturer, and distributor of food and disposable products to the foodservice industry. Through a comprehensive offering of more than 15,000 products, including their proprietary Greco and Bellissimo brands, the Company is a one-stop-shop for customers within target segments. Greco and Sons was founded in 1990 and is based in Bartlett, Illinois.

Buy -
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