Diversis Capital Partners has taken a stake in data analytics company Black Box Intelligence.
Black Box provides data-based insight to the restaurant industry. ““Diversis has had tremendous success investing in technology businesses that support the restaurant industry,” says Diversis managing partner Kevin Ma. “Black Box Intelligence has everything we’re looking for in a successful platform – a highly unique and unmatched product offering, a management team of recognized industry thought leaders and a strong and loyal customer base. We were particularly impressed by the fact that CEOs of many major restaurant brands not only know Black Box Intelligence but are themselves active users of the product on a daily or weekly basis.”
Diversis, which focuses on software and technology-enabled organizations, had earlier acquired supply chain software provider ArrowStream Inc. Peak Technology Partners is serving as financial advisor to Black Box.