KSA-Headquartered Foodics Acquires Jordan-Based POSRocket To Become The Leading Restaurant Tech Provider In The MENA – Entrepreneur

KSA-Headquartered Foodics Acquires Jordan-Based POSRocket To Become The Leading Restaurant Tech Provider In The MENA – Entrepreneur

Saudi restaurant tech company Foodics has fully acquired Jordan’s POSRocket, a restaurant cloud services provider in the MENA region.

Foodics

Ahmad Al-Zaini, Foodics CEO and co-founder, along with Zeid Husban, founder and Chief Executive Astronaut, POSRocket

The acquisition is a strategic move that will help solidify Foodics' position as the leading restaurant tech provider in the MENA region, become the market leader in Egypt, Kuwait, Oman, and Jordan, and also open the possibilities for further M&A activities and international expansion.

Foodics, which offers operating software to restaurant and retail businesses using cloud technology, had previously secured US$20 million in a Series B funding round led by Sanabil Investments. Other backers included Endeavor Catalyst, Elm, and Derayah. With its software as a service (SaaS) ecosystem, the company manages customer orders, inventory, and other operational aspects. It has eight offices across KSA, UAE, Jordan, Kuwait, Egypt and the Netherlands.

Launched in 2016 in Jordan, POSRocket offers cloud-based point-of-sale software for restaurants and retailers, enabling owners to remotely manage operations in real-time. With the acquisition, POSRocket merchants can benefit from Foodics’ ecosystem in managing payments, supplies, and capital lending infrastructure.

Ahmad Al-Zaini, co-founder and CEO of Foodics, commented, “We are delighted to welcome the