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“It is easy to think that the potential of cloud computing and software as a service, in particular, has been exaggerated, but when you see the true scalability and remarkable growth of a business like Fourth you can understand why the excitement is there. We have been tracking the business for a long time now and are delighted to have advised ECI on its acquisition.”
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The company has a strong track record in providing the market-leading software for labour, stock and purchasing functions, generating material cost synergies (up to 7%) for its customers. During its 12-year history, the company has never lost a customer to a competitor. Customers include Pizza Express, Fuller’s, Marston’s, Wagamama, Café Rouge, Hilton, Jamie’s Italian, Carluccios, the Gordon Ramsay Group and ASK. Revenues in the year to 31 August 2010 rose by 17%, with EBITDA up 29%. The company has 167 full time employees.
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The company has a strong track record in providing the market-leading software for labour, stock and purchasing functions, generating material cost synergies (up to 7%) for its customers. During its 12-year history, the company has never lost a customer to a competitor. Customers include Pizza Express, Fuller’s, Marston’s, Wagamama, Café Rouge, Hilton, Jamie’s Italian, Carluccios, the Gordon Ramsay Group and ASK. Revenues in the year to 31 August 2010 rose by 17%, with EBITDA up 29%. The company has 167 full time employees.
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