News

Industry
Cashless payment service ParentPay acquires school catering app Cypad
10/01/2018 - 11:19
ParentPay Limited, a digital service provider of cashless payments for schools and parents, has acquired school catering solutions software/app, Cypad.

The deal, which was agreed on 29 December, will see the two businesses' products and services remain as distinct, stand-alone offerings.

Cypad, a school meals solution provider for caterers, local authorities and schools, will remain at its Bristol base following the change in ownership.

ParentPay says the agreement will allow it to extend its product offering with a “comprehensive meal ordering, meal management and kitchen management solution for primary schools, MATs, LAs and caterers.”

Commenting on the deal, Clint Wilson, group chief executive of ParentPay said: “By joining together the UK leaders of online payment, meal ordering and kitchen management solutions, we bring to the market a breadth and depth of solution not currently available.

“This unique offering delivers the best school meal management platform to parents, schools and caterers across the UK.

“Cypad’s feature-rich use of web applications, will benefit from our scale, reach and delivery expertise. This adds a new dimension to our growth strategy, allowing us to extend deeper into our customers’ operations, delivering even greater value and better service to them.”

Cypad’s digital school meals services include selecting meals; managing production; recording meals taken; paying for them; providing performance indicators and monitoring the service

It is currently being used in over 9,000 UK sites, according to its website.

Jonn Fredericks, managing director of Cypad, added: “ParentPay’s leading position in the school payments market and its continued strong growth, brings a compelling opportunity for Cypad. 

"Combining with ParentPay’s significant customer base and leveraging their highly successful national field sales operation, means that together we can expand our offering across the UK to the benefit of the business, staff and customers alike.

“We’re excited about the journey ahead, and the opportunity to build deep lying integrated solutions that deliver more for our customers.”