News

Toast acquires HR/payroll software provider

July 24, 2019

Toast Inc., a restaurant management platform, has acquired StratEx, a provider of HR and payroll software for restaurants, according to a press release.

StratEx's HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits and labor law compliance.  

As a result of the acquisition, the former StratEx product is part of Toast Payroll & Team Management, an all-in-one HR solution built specifically for the restaurant industry. Designed to seamlessly work with the Toast point-of-sale, the solution automates employee onboarding, accurately tracks hours across locations, streamlines payroll and simplifies compliance for restaurants of all sizes. 

"Joining forces allows us to accelerate investments in our platform and build new employee facing products that will allow restaurants running on Toast to attract, hire and retain great teams," Adam Ochstein, CEO of StratEx, said in the release.