FOODICS acquires Jordan’s POSRocket

FOODICS acquires Jordan’s POSRocket

Press release:

FOODICS, the leading GCC restaurant-tech company based in Saudi Arabia, has announced today its first acquisition, with the full ownership of POSRocket, the second largest restaurant cloud technology provider in Mena.  

This landmark acquisition is a strategic move by both companies and one that enables Foodics to consolidate the market, as well as take a market leadership position in Egypt, Kuwait, Oman and Jordan on top of the dominant position it already had in the rest of GCC. This first acquisition also opens the door to further upcoming M&A activities and international expansion from Foodics.