PRACTI
Data Management for SMB Retailers
Company Overview
Snapshot
Founded in January 2012 by Ohad Folman and Edan Folman, PRACTI operated with 11–50 employees. The company was acquired by Just Eat-Takeaway in April 2019, marking a significant exit in its journey.
Business overview
PRACTI develops retail systems specifically designed for small retail chains and franchises. Its core technology provides mobile point-of-sale applications that enable businesses to manage their data in the cloud, ensuring accessibility from any location. The platform also integrates in-store sensors for offline analytics and offers white-label consumer-facing apps to enhance customer experience. PRACTI serves the retail industry, focusing on data management, mobile payments, and inventory management solutions.
Strategic signal
The acquisition of PRACTI by Just Eat-Takeaway in April 2019 highlights the strategic value of its iPad POS system in the food delivery and restaurant technology sector. This move allowed Just Eat-Takeaway to integrate PRACTI's solutions, aiming to deepen its engagement with restaurants and enhance its ecosystem. The acquisition signals a growing trend of consolidation in the retail tech space, where established players are acquiring innovative solutions to expand their service offerings and market reach.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant corporate event for PRACTI?
- PRACTI was acquired by Just Eat-Takeaway in April 2019. This acquisition led to the company's inactive status.
- Who founded PRACTI?
- PRACTI was founded by Ohad Folman and Edan Folman in January 2012.
- What type of technology does PRACTI provide?
- PRACTI provides retail systems, including mobile point-of-sale applications, cloud-based data management, in-store sensors for analytics, and white-label consumer-facing apps.
- What markets does PRACTI primarily serve?
- PRACTI primarily serves the retail sector, with a focus on small and medium-sized businesses, retail chains, and franchises in geomarkets such as Israel and the United Kingdom.
- What was PRACTI's last disclosed funding amount?
- PRACTI secured $1.5 million in a single funding round. The funding was led by investor Yuval Tal.