Business
TransAct Secures BOHA! Solutions Order for a Regional Convenience Store Chain
Annual Recurring Revenue Per Unit is Estimated at $1,300 per year. HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct® Technologies Incorporated (Nasdaq: TACT)
About this update from Transact Technologies Incorporated
[{"type":"text","content":"\nAnnual Recurring Revenue Per Unit is Estimated at $1,300 per year.\n\n HAMDEN, Conn.--(BUSINESS WIRE)--\nTransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured another BOHA! agreement with a 230+ location regional convenience store chain. The company expects to deploy the BOHA! system in at least 100 of their locations by year-end, with the remaining deployments in 2021.\n\n\nThe complete system deployment will include the BOHA!™ Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct specifically designed labels. This regional convenience store chain will use the BOHA! ecosystem to support their fresh food program and to ensure FDA labeling compliance. TransAct estimates total annual recurring revenue per unit (“ARPU”) per site will be $1,300 per year.\n\n\n“Convenience store operators are expanding their offerings to satisfy consumers' desire for more fresh food and healthier on-the-go snacks and need an automated, digitized labeling system to comply with FDA labeling requirements. This convenience store chain chose TransAct because our solutions provide convenience store operators with a simple and reliable way to ensure FDA labeling compliance, food safety and improve productivity for employees managing fresh food offerings,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “We are very excited by the momentum BOHA! in the market and believe BOHA! Labeling and TEMS will be immensely helpful to convenience store locations as they work to streamline operations surrounding their new fresh food offerings.”\n\n\nBOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while p...