People Report and Black Box Intelligence create research
powerhouse in partnership with GuestMetrics and
Consumer Edge Research
CONNECTICUT, 8-15-11 - Black Box Intelligence LLC
(BBI), Consumer Edge Research LLC (CER),
GuestMetrics LLC (GM) and People Report ,
announced today the formation of a joint venture that will capture
the combined product offerings of the 4 companies and provide
revolutionary foodservice industry data and analytics. Together the
four firms track the financial, consumer and human capital metrics
of over 200 hospitality and restaurant companies, 60,000 annual
household surveys and one million employees.
BBI provides benchmarked weekly and monthly financial reports
& insights, directly captured from over 12,000 locations
in the casual, fast casual, fine dining and quick service
segments. GM is the leading enterprise management
provider of foodservice industry spending data, and currently
captures over 250M transactions per year across the quick service,
fast casual, casual, fine dining, bar and hotel industries.
CER is a preeminent independent research boutique firm, focused on
the global consumer sector, combining primary research with
rigorous analytics. People Report is the only source of
benchmarked human capital metrics for public and private
foodservice companies, reporting on 20,000 outlets monthly on the
demographics, turnover, and compensation practices in the service
sector workforce.
Commenting on the new partnership, Wallace B. Doolin,
Founder, Chairman and CEO of BBI said, "This joint venture
allows BBI and People Report to deepen its penetration into
restaurants, enter hotel foodservice and add leading macro and
consumer research insights to its rich executive summary and
benchmarked reports. Our combined technologies utilizing direct
data feeds will fuel continued innovation in product offerings and
speed of reporting. This is truly the next generation of game
changing business intelligence. Our combined goal is to provide our
members and clients the predictive analytics that lead to best in
class performance and a sustainable competitive advantage.
Mr. Doolin is a widely recognized and respected global
restaurant industry leader, who has served as the CEO of multiple
brands, including Carlson Restaurants Worldwide, La Madeleine, and
Buca di Beppo. His accomplishments include leading the
acquisition and serving as President of Applebee's, and
leading the global expansion of T.G.I.Friday's from 135
restaurants in 2 countries to over 750 units in 55 countries,
exceeding $2 billion in revenue. He has served on the board
of the National Restaurant Association for fifteen years, and was
the Chairman of its Educational Foundation. Today he serves
on several public, private and non-profit boards.
Bill Pecoriello, CEO of Consumer Edge Research,
said "I'm thrilled to be bringing the collective best in class
capabilities of these four companies together to help revolutionize
the data and value added insights we can collectively provide on
the foodservice industry".
Prior to founding CER in January 2009, Mr. Pecoriello was a
Managing Director at Morgan Stanley covering the Beverages and
Household/Personal Care sectors. He also spent over five
years at Sanford Bernstein, where he was a Partner, and was a
project manager at Mars & Co where he consulted to the senior
management teams of consumer product companies.
The entire release can be read here: http://shortlinks.prbbi.com/BBI_PressRelease