Alumni Order Up a Deal
They go together like hamburgers and french fries: the budding company whose software allows restaurants to take online orders and the daily deal website looking to better serve its clients.
The software company is ONOSYS, the brainchild of 2007 Case Western Reserve University graduates Stan Garber, Alex Yakubovich and Oleg Fridman.
The website is LivingSocial, the Groupon rival that connects budgetconscious consumers with limited-time deals from restaurants, spas, travel companies, entertainment venues and other businesses.
LivingSocial bought ONOSYS this spring, which, Garber says, should allow the company to nearly double its 20 employees by the end of this year.
“We weren’t looking [to sell] by any means,” Garber says. “It ended up making business sense, and the culture was so similar between both companies it just made it a no-brainer.”
The sale is the culmination of more than a decade of labors first begun when the three were undergraduates working out of a campus residence hall. They started with Rascal House Pizza on Euclid Avenue, followed by Quizno’s down the street and then Georgio’s Pizza on Cedar Road. Today, the Cleveland-based company counts 75 national restaurant chains at more than 4,000 locations among its clients. More than $90 million in sales went through the ordering system last year.
“For any entrepreneur, a purchase is the big dream,” Garber says, “that validation of, ‘hey, we really built something great here.’ ”