PeachWorks

Canaccord Genuity is pleased to announce that its client, PeachWorks, Inc. (“PeachWorks”), a provider of restaurant management software, announced on October 23, 2017 that it has been acquired by Above and Beyond - Business Tools and Services for Entrepreneurs, Inc. (“Beyond”). This deal will not be publicly announced.

PeachWorks is a leading application platform-as-a-service provider for restaurant operations.  The Company’s solution helps restaurants and franchises combat the challenges facing back-office management and unifies all restaurant systems and tools into a single, comprehensive platform.  The Company is based in Southfield, MI.

Beyond is an emerging payment processing and business management solutions Company.  Beyond streamlines the payment process and day-to-day reporting of businesses.  Beyond was founded in 2017 by Robert O. Carr, the founder of Heartland Payment Systems, a former Fortune 1000 Company with $4.3 billion in revenue and approximately 5,000 employees prior to being sold to Global Payments.

Canaccord Genuity acted as exclusive financial advisor to PeachWorks in connection with the transaction.  The relationship with PeachWorks was cultivated during the Technology team’s recent work in the restaurant software space.