In 2024, restaurant technology company Qu saw significant growth as the restaurant industry continues to modernize.
The company reported a 112 percent increase in recurring revenue and a 125 percent growth in site deployments, with nearly 40 percent of new customers being enterprise-level restaurants. Over the past three years, Qu also achieved a 670 percent growth rate.
Faster deployments and improved time to value
Qu sped up installation by improving its processes and product readiness in 2024. This led to faster customer setups, reducing the time spent managing multiple systems.
GoTo Foods uses Qu’s POS system across its seven brands. Manuel Valdes, SVP of Tech at GoTo Foods, said it’s accelerated operations in nearly 1,500 locations.
“This technology solution provides a more seamless experience for both our guests and in-store team members,” he said.
Restaurants have also seen benefits from Qu’s real-time reporting, simplified menu management, and improved order accuracy.
Importance of speed
Doug Cook, SVP and Chief Technology Officer at Jack in the Box, noted how critical speed has become in the fast-paced restaurant industry.
“It’s my job to support our business with technology that can scale rapidly and respond to the next opportunity. The answer has to be hours and days, now. That means a different approach,” said Cook.
In addition, a driver of Qu’s momentum has been the expansion of its Certified Partner ecosystem. These partnerships cover areas such as labor and inventory management, customer experience, loyalty programs, and analytics.
Leon Davoyan, Chief Technology Officer at Dave’s Hot Chicken, mentioned the flexibility of Qu’s system. “The adoption of Qu introduces a flexible API-friendly system that enhances store-level stability and operational efficiency. No other POS system we’ve used has been as flexible or reliable as Qu, especially when it comes to offline functionality.”
With a solid foundation and clear vision, Qu has become a key partner for restaurant brands looking to lead in today’s fast-changing market, and is poised for continued growth.
“We’re incredibly humbled by the strong faith demonstrated by leading restaurant brands in prioritizing innovation, stability, and speed in the operations,” said Amir Hudda, CEO of Qu. “The unwavering dedication of our teams is responsible for this tremendous success and we look forward to welcoming several new enterprise quick-serve brands to our platform in 2025.”
