Sling Has Been Sold to Toast
Oaklins DeSilva+Phillips’ client, Sling, a leading employee scheduling, communication and management solution, has been sold to Toast, the all-in-one digital technology platform built for restaurants. Through features including scheduling templates, in-app messaging and multi-location team management, Sling helps restaurants staff more efficiently and better manage labor costs, and helps increase employee job satisfaction.
Managing Director John Chaparro noted: “ODP was pleased to deliver a high water mark transaction for Sling and its owners. Despite an exceptionally challenging market environment, the restaurant technology space is in a time of great innovation and the acquisition of Sling will help further Toast’s leadership position in this dynamic market. ODP’s strategic industry insights and exceptional execution capabilities delivered an outstanding result for both our client and buyer.”
Partner, Joanna Stone Herman added, “Sling demonstrated that their best-in-class shift scheduling tool was a perfect addition to Toast’s suite of solutions. We were thrilled to represent Sling in its sale to Toast and look forward to seeing the success they will have in the marketplace together.”
|Transaction Type||M&A Sell-side|
|Industry||Technology, Data & Information; SaaS|