Aramark is spinning off its majority share in Seamless North America, LLC, to its shareholders.
Aramark is spinning off its majority share in Seamless North America, LLC, to its shareholders. A leading mobile and online service for ordering delivery and takeout food from more than 11,000 restaurants in the US and UK, Seamless recorded over $400 million in orders in 2011. Aramark acquired Seamless in 2006 and sold off a minority share in the venture to Spectrum Equity Investors in 2011.
Since releasing its iPhone, Android, BlackBerry, and iPad native applications, Seamless has seen more than 40% of its orders come through mobile devices and says it will place a continued emphasis on mobile ordering. The new ownership structure positions the company to further accelerate its geographic expansion and continue the evolution of its leading suite of services to diners, restaurants and enterprise clients, says CEO Jonathan Zabusky.
"Aramark has provided strong stewardship of Seamless since 2006, and the spin-off is part of the natural evolution of a dynamic, fast-growing business like ours," he adds. "We continue to experience high growth across the more than forty cities that Seamless and MenuPages currently serve, and expect the new ownership structure to enable us to further cement our positioning as the clear leader in the space."