Dragontail Systems acquired by Yum! Brands
In September 2021, Yum! Brands completed its acquisition of Dragontail Systems Ltd. The deal, which is all-cash and values the company at $69.1 million, was first announced in May 2021. Dragontail Systems is based in Australia and is an AI platform that focuses on optimizing the food preparation and delivery process. Its software automates kitchen flow and dispatches drivers, which helps restaurants sequence and time each order while allowing customers to track their orders. Dragontail will operate as a wholly-owned subsidiary of Yum! Brands
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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