Toast said July 24 that it acquired StratEx. Boston – July 24, 2019 – Toast, the fastest-growing restaurant management platform in the U.S., today announced it acquired StratEx, a leading provider of HR and payroll software for restaurants.StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance. The acquisition, Toast’s first, will allow Toast customers to automate their HR and payroll … StratEx's HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits and labor law compliance. Toast, Inc. is the fastest growing restaurant management platform in the U.S. StratEx is a leading provider of HR and payroll software for restaurants. As a result of the acquisition, the former StratEx solution is now part of Toast Payroll & Team Management, which was launched in May. In April, Toast raised $250 million in VC funding. Barash said the company may dip its toes into more M&A … Toast Inc., a restaurant management platform, has acquired StratEx, a provider of HR and payroll software for restaurants, according to a press release. Toast launched its payroll and HR solution in May this year to enable restaurant operators to manage payroll and employees by automating payroll, streamlining on-boarding, and reducing compliance risk. By RTN Staff - 7.24.2019 In April, Toast announced that it had raised $250 million in Series E funding at a whopping $2.7 billion valuation. StratEx provides HR and payroll software for restaurants. StratEx's HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits and labor law compliance. All Rights Reserved. Toast, the fastest-growing restaurant management platform in the U.S., announced it acquired StratEx, a leading provider of HR and payroll software for restaurants. Financial terms weren’t announced. As the transaction is complete, Toast has integrated StratEx’s platform into its Payroll & Team Management solution. Toast also recently acquired StratEx, a payroll software startup based in Chicago. It would have taken longer to build a payroll solution than it took to acquire Stratex. Halyard Capital has sold StratEx, a cloud-based provider of human resources and payroll services to restaurants, to Toast, a cloud-based restaurant software company.Halyard acquired StratEx, in partnership with its founders, in December 2016 though Halyard Capital Fund III LP.. StratEx is a provider of a Human Capital Management (HCM) SaaS platform that is used to monitor all aspects of … Terms of the transaction were not disclosed. Payroll is also a relatively lucrative part of the stack – look at pricing from Gusto, a well known payroll “startup”, as proof (screenshot below). In order to help restaurants better retain their hardworking employees, Toast, a Boston-based restaurant management upstart, has made its first-ever acquisition, StratEx, for an undisclosed amount. If you assume the average Toast location has 25 employees that’s $339 per store per month. Toast Inc., a restaurant management platform, has acquired StratEx, a provider of HR and payroll software for restaurants, according to a press release. Powered By Toast • © Toast, Inc. 2019. StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance. The … StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance. • Privace Policy • Terms Of Service • Toast Blog Privace Policy • Terms Of Service • Toast Blog Toast, a Boston, MA-based restaurant management platform provider, acquired StratEx, a provider of HR and payroll software for restaurants..