For our business partners, the acquisition opens up a broad new range of restaurant solutions to take into the market-solutions that meet the needs of restaurant operators at every point in the evolution of their technology strategy. Working together, we will ensure continuity for our existing customers and enable choice for new ones.
Acquisition Answers at a Glance
Why did SIVA acquire Progressive?
Will we continue to enhance, sell
and support both companies’ product lines?
How will the acquisition affect
me as a reseller?
How will the acquisition affect
me as a partner?
What is SIVA's product strategy?
How will the acquisition affect
customers?
How will the acquisition affect
employees?
Will there be a new name for the
combined company?
Will there be new names for
the Progressive products?
Why did SIVA acquire Progressive?
Since 2000, SIVA Corporation™ has met customer needs for quality
restaurant technology. Our acquisition of Progressive Software is the
next step in this process.
Progressive has a twenty-year track record of creating successful technology solutions for restaurant operators and excellent relationships with its customers, who include some of the biggest brands in the industry—Jack in the Box, Steak n Shake, Starbucks, and more.
The combined company will represent more than 13,000 installations, immediately making it the third largest POS vendor to the U.S. restaurant industry in terms of installed customer base. In addition, it will be the only major vendor in the restaurant segment to offer a next generation product as well as Windows and DOS lines. The ability to provide a migration path to a next generation application, whether to existing or potential customers, will be a compelling differentiator for the new, post-acquisition SIVA. back
Will we continue to enhance, sell and support both companies’
product lines?
Yes. SIVA will sell and support the full line of Progressive products,
including the IRIS and SMART point-of-sale applications. Current Progressive
customers will be able to migrate to the next generation iSIVA™
point-of-sale technology if and when they choose, but will not be required
to do so.
Premium products such as SIVA's IntelliKitchen®, EventAlert, and POS² and Progressive's eSign, eRewards, and LaborPro will be integrated with all three point-of-sale applications. back
How will the acquisition affect me as a reseller?
Our objective is a smooth continuation of our established relationship
with you. To that end, we are committed to honoring current agreements,
including exclusive territories for Progressive and SIVA products.
We believe that our resellers' businesses will benefit from the nature and range of our united product offering. Those dealers interested in representing the full spectrum of the combined company's solutions will be given the opportunity to be certified to do so. back
How will the acquisition affect me as a partner?
We value our relationships with industry leaders and look forward to working
with both Progressive's and SIVA's existing partners to deliver evolution
and choice to restaurant operators. back
What is SIVA's product strategy?
SIVA understands that restaurants have a wide range of technology needs
and that their technology strategies evolve over time. We are committed
to providing a range of options to meet these needs at every stage of
evolution.
With the acquisition of Progressive, SIVA's offering will include three distinct POS products that cover the technology spectrum:
- iSIVA™, which is built on an enterprise architecture using next generation web technologies;
- IRIS, one of the most widely installed Windows-based POS systems in QSR and fast-casual restaurant chains; and
- SMART, the only DOS-era application that has been continuously maintained and enhanced with the new functionality restaurant operators want and need.
Customers can extend any of these applications with a comprehensive, cutting-edge set of back office and operations intelligence solutions, as well as above-store reporting, real-time alerts, and enterprise application management tools. back
How will the acquisition affect customers?
With the help of current Progressive employees, SIVA will continue to
provide existing customers with the high quality products and service
that they have come to expect. In addition, customers will benefit from
access to a broader range of solutions designed to support a greater number
of restaurant operations issues than previously available. back
How will the acquisition affect employees?
Progressive and SIVA employees are secure in their jobs as well as in
their locations, since we will maintain offices in both Delray Beach,
Florida and Charlotte, North Carolina. We foresee significant growth opportunities
and we need these employees' talent and knowledge of our industry.
For resellers and partners, existing management and support team contacts will remain intact. Christopher Sebes, Progressive's current CEO, will be joining SIVA's management team as Chief Operating Officer. back
Will there be a new name for the combined company?
No. After the acquisition, the combined company will be represented by
the SIVA name. back
Will there be new names for the Progressive products?
No. The market recognizes the proven quality of the IRIS and SMART brands;
thus, SIVA intends to continue using those names. back
"Our philosophy in developing partnerships is to look for leading edge technology that can support diverse business needs. The completeness and flexibility of the Progressive Software solution suite is a tremendous addition to our point-of-sale business and a great fit for our customers as well."Consolidated Business Machines
"Combining SIVA's Internet-based point-of-sale, back office, and enterprise applications with our consulting and hosting services results in a powerful solution for restaurant operators. Owners can keep an eye on their operations from anywhere at any time without investing in and managing a complex IT infrastructure."
Business Technology Solutions
