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The former Pizza Hut executive will begin his tenure on March 1

Proposed Acquisition to Strengthen Yum! Brands’ Global Delivery Capability and Integrate New Technology Talent into CompanyLOUISVILLE, Ky. & PERTH, Australia--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) (Yum! Brands) and Dragontail Systems Limited (ASX: DTS) (Dragontail), an innovative provider of technology solutions for the food industry, announced today that they have

Taco Bell, KFC and Pizza Hut parent, Yum! Brands Inc., has completed a binding agreement to acquire the Australian-based foodservice tech provider, Dragontail Systems Limited through a share scheme of arrangement under Australian corporate law, a news release said. Yum…

The deal would enhance the restaurant companies order and delivery management capabilities Yum Brands Inc. has agreed to acquire technology company Dragontail Systems Limited for 93.5 million Australian dollars (around $72.6 million), with plans to scale Dragontail’s artificial intelligence kitchen order management and delivery technology globally, the two companies said Wednesday. Dragontail, based in Perth, Australia, said its technology integrates the process of getting food to customers from the time orders arrive in the kitchen to when drivers are dispatched, with the added abili...

Why Restaurants, Such as Yum Brands, Bet on Tech Related Stories April 27, 2021 April 26, 2021 April 22, 2021 With warmer months upon us and Covid-related restrictions easing, restaurants are poised to see an increase in diners. Technology that helps eateries with online ordering and contactless payments are in high demand, spurring M&A in the sector. Customers collect take-away food from a service hatch at a KFC restaurant “Many restaurant and hospitality-oriented technology companies have performed exceptionally well over the past 12 months and are poised for sustained growth into the fut...