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Riverside adds to SaaS portfolio

The Riverside Company has added to its SaaS portfolio through an investment in Gastromatic, a Germany-based provider of workforce management software solutions for small and medium sized businesses operating in shift-based industries. 

Gastromatic’s software platform acts as the single source for all employee related data and enables customers and their staff to benefit from modern and digital workflows, resulting in more efficient operations and increased employee satisfaction.
 
Already more than 2,600 customers in shift-based industries rely on Gastromatic’s software platform to manage their workforce and to automate business processes, from staff scheduling to time recording to payroll across 12,000 sites.
 
Financial details of the transaction, which takes Riverside’s total number of investments in software and IT sector companies past the 240-mark, have not been disclosed.

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