Next Wave provides loss prevention auditing services to quick-service restaurants.
Envysion, a Superior, Colo.-based leader in video-based business intelligence solutions, acquired Next Wave, a technology-enabled services company focused on providing loss prevention auditing services to quick-service restaurants.
The two companies will integrate their complementary auditing and business intelligence solutions to assist restaurant franchise owners in preventing theft and providing effective employee coaching and real-time feedback from store video reviews. The acquisition has the backing of Envysion’s primary investor, Parthenon Capital Partners, a Boston-based mid-market private equity investor in software and technology-enabled businesses.