Corsair, a private equity firm targeting business services, software, and payments investments in the financial services market, has acquired a majority stake in HungerRush, a cloud-based software provider for the restaurant industry, from The CapStreet Group (CapStreet), a Houston-based private equity firm.
CapStreet will continue as a minority investor in the Company.
Terms of the transaction have not been disclosed.
HungerRush 360 is an all-in-one cloud POS system with integrated software, payments, and digital ordering capabilities primarily serving multi-site quick service restaurants (QSR) and fast casual operators. HungerRush 360 combines restaurant management, digital ordering, payment processing, customer engagement, and delivery management features with flexible software designed to give operators of all sizes more insight into their customers, control over their operations, and power to profitably grow their business.