“HungerRush is at the forefront of digital transformation in the restaurant industry. We see tremendous growth potential given its highly differentiated technology architecture, impressive sales momentum and customer pipeline, and numerous upsell and cross-sell opportunities,” said Jeremy Schein, Partner at Corsair. “HungerRush’s proven ability to deliver value to its clients through its holistic cloud POS system, flexible and scalable software capabilities, premier data analytics, and AI-driven ordering system makes it a natural fit within Corsair’s portfolio. We look forward to partnering with Perry and the HungerRush team to capitalize on the significant opportunities in the large and growing market for digital restaurant solutions.”
“We are excited to welcome a like-minded partner with an impressive track record of supporting payments and software companies as we enter the next stage of our growth,” said Perry Turbes, Chief Executive Officer of HungerRush. “Corsair’s investment and partnership provides an opportunity for HungerRush to capitalize on organic and inorganic growth opportunities, enhance our product offerings and go-to-market strategy, and continue to support clients with comprehensive payment and restaurant management solutions that are individually tailored to their values and business goals. We are also extremely thankful to the CapStreet team for their dedication and support over the last four years.”
“We are proud to have supported HungerRush over the past four years as the Company has grown into a leading end-to-end integrated payment, SaaS & eCommerce platform,” said Adrian Guerra, Partner at CapStreet. “Rapidly-shifting preferences of the post-pandemic consumer have resulted in dramatic changes throughout the restaurant industry, and HungerRush’s all-in-one solution has helped their restaurant customers navigate this environment. In partnering with Corsair, we expect Perry and the HungerRush team to reach new heights and are pleased to continue supporting the Company as a minority partner.”
FAQs
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Why is Corsair investing in HungerRush?
Corsair has significant experience investing in and supporting growth at payments and software companies and sees tremendous growth potential at HungerRush.
HungerRush’s proven ability to deliver value to its clients, flexible and scalable software capabilities, premier data analytics, and AI-driven ordering system makes it a natural fit within Corsair’s portfolio.
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How does this change the direction of the company?
The short answer is that it won’t. This transaction will enable HungerRush to benefit from Corsair’s deep payments and software expertise to support the Company as we continue to execute our strategic plan to accelerate growth and enhance product and technology offerings. The transaction will also provide additional support for the Company to pursue further M&A to expand our capabilities and reach.
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How does this transaction impact customers and partners?
This transaction will not impact our day-to-day business nor our relationships with customers and partners. Our mission, vision, and goal of helping restaurants will now be further amplified by this partnership. Current contracts and customer commitments will be maintained.
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Will this affect which HungerRush management or employees I work with? Will my support team change?
Our management team remains unchanged. Perry Turbes, Chief Executive Officer of HungerRush, will continue to lead the Company supported by a fantastic executive team.
Additionally, our account management and live customer support teams will be unchanged, and we will continue to strive to provide best-in-class support to our customers every day.
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Will the cost of HungerRush products and services change?
There will be no immediate changes to any current products or prices as a result of this transaction. As we move towards better packages and solution sets and launch new products, we’ll always strive to price our tools and services in a way that supports our customers’ success.