Rising Sun Ventures, Moorestown, N.J., purchased a majority stake in Eyenalyze, a Pleasanton, Calif.-based software firm specializing in data analytics for restaurant owners and franchises.
"We were fortunate to find the ideal partner in Rising Sun to help accelerate our growth, increase our market share and expand our suite of products and services for restaurant back-office solutions. They bring an unparalleled innovation and expertise in integrated software solutions, payment technologies and mobile payment infrastructure that has proven to be the perfect complement to our API, which is rooted in accounting best practice and standards, so that we are well-positioned for a robust future together," says Michael Rasmussen, founder of Eyenalyze.
Rasmussen will continue to work with Eyenalyze Group as founder, executive vice president and chief strategy officer. Doug Merryman, vice chairman of Rising Sun Ventures, will serve as interim CEO of the newly formed Eyenalyze Group.
"This capital investment will sufficiently fund product development and optimize service delivery, as we leverage the depth and breadth of talent among our portfolio of companies to satisfy continuing market demands and exceed customer expectations," says Merryman.