Sherweb Webinar 30 May

Posera Ltd. Announces Launch of Posera Technology in the Philippines and Broadcasts Timing of a Business Update Conference Call

Posera Ltd., a leading provider of mission critical software solutions for the hospitality industry announced today that it has successfully deployed its Point-of-Sale ("POS") software technology in the Philippines, leveraging the International expansion of a major customer.

"We are delighted to have had a successful launch in the Philippines which will be a reference account for our broader expansion throughout Asia. This deployment was achieved on an aggressive schedule which is a testimonial to the versatility of our product, dedication of our employees and the confidence of our customer and their local partner," said Paul Schafer, Vice President of Major Accounts.

"Posera has a deep expertise in providing technology solutions for the Quick Service Restaurant ("QSR") industry and Posera's successful launch confirms that our QSR POS solutions that have been proven in North American and Europe are also suited to the fastest growing markets, including Asia. Posera has made a significant investment to establish this beachhead in Southeast Asia, which will provide a launching pad to the rest of Asia. Posera has thousands of QSR locations deployed worldwide, with concentrations in Europe and North America. This demonstrates that our POS products are well suited to International growth in the economies of Asia, Africa, Central and South America, as our products have been built from inception with a multi-lingual approach," said Dan Poirier, Chief Executive Officer.

Transparency Market Research ("TMR") estimates(1) that the global fast food market is expected to grow to $617.1 billion USD by 2019 from $477.1 billion USD in 2013. Further TMR predicts that growth will be accelerated in the emerging regions, such as Asia, Africa, Central and South America, because of favourable demographics, increasing disposable income and greater urbanization. These trends have spearheaded Posera's approach to focus on these developing markets and expand our footprint beyond North America and Europe.

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