Revel Systems
Payments | Technology
Former Portfolio Company
Revel Systems (“Revel”) provides industry leading, tablet-based point-of-sale (POS) and payments solutions primarily to multi-establishment, quick-service restaurant clients in the U.S. and internationally.
Revel serves ~7,000 clients operating ~19,000 establishments, with its largest customer bases utilizing its solutions in more than 1,000 establishments across multiple geographies. Revel serves an underpenetrated cloud-based POS market, often replacing legacy on-premise solutions and manual processes that restaurants use to manage their day-to-day operations. Revel’s POS software is delivered as a cloud-based service through tablet devices, which are connected to peripheral hardware (such as cash drawers, printers, bar code scanners and display screens) at the point-of-sale and is combined with a fully integrated payments solution. Merchants use Revel’s POS system to manage customer orders, product inventory and employee staff and gain powerful business intelligence.
Many leading quick-service restaurant brands, such as Focus Brands, FAT Brands, Dave’s Hot Chicken and Pizza Ranch, rely on Revel’s solutions to manage and grow their enterprises.
Investment Year: 2014
Fund: WCAS Fund XI
Exit: 2024