Quickcue Engages Investors, Raising $2.7 Million In 60 Days

Monday, November 12, 2012

Quickcue, a Chattanooga-based, restaurant-focused, guest-experience platform, raised $2.7 million in private equity during a 60-day, Series A funding round, to launch its vision of enabling exceptional hospitality everywhere. The round opened Sept. 1, and closed on Oct. 31.

This strong financial backing comes just over a month after Quickcue landed Chattanooga-based Craftworks Restaurants and its nationwide locations as its first major customer.

“I think every casual dining restaurant in the country will be using Quickcue or similar technology within three to five years,” said Lex Tarumiaz, Quickcue’s Chairman. “Chattanooga is quickly becoming known as a tech town, Quickcue and its product offering have enormous potential to be a real success story, not only for the benefit of the company, but for all of Chattanooga.”

Officials said Quickcue’s vision is centered on redefining the “conversation” guests have with restaurants, by truly opening communication channels that will improve the overall dining experience. It is a vision that separates Quickcue from other iPad-based reservation, waitlist and notification applications in the casual-dining arena.

“We want to turn every restaurant into “Cheers,” said CEO Bo Ferger. “Our current waitlist, reservation and notification application is one of the most robust in the space, but our vision is to open meaningful dialogue between the guest and restaurant, through rich guest profiles and two-way, mobile communication tools. 

Quickcue released its self-named app in July and has been working steadily to build out new products and features to support its vision.  The next step in enabling exceptional hospitality will be the introduction of Table Management, which is currently in beta testing and is scheduled for full release through Apple’s iTune’s App Store in January.

Officials said Quickcue is revolutionizing the way restaurants engage their guests. The Quickcue host stand iPad application serves as the hub for restaurants to manage their waitlist, take reservations, and develop rich guestbook profiles that create loyal customers and valuable guest insights. Founded in 2011, and headquartered in Chattanooga, Quickcue is currently available in the Apple iTunes App Store.


First Horizon Declares Quarterly Dividends

First Horizon National Corporation, parent company of First Tennessee Bank, board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Oct. 3 to the common shareholders of record on Sept. 9.   The board also approved payment of a quarterly cash dividend of $1,550 per share on First Horizon’s Non-Cumulative ... (click for more)

Develop CENTS Hosts Ribbon-Cutting Ceremony

IT startup Develop CENTS will celebrate the opening of their 6110 Shallowford Road location with a ribbon-cutting ceremony on Thursday, Aug. 4 from 10-11 a.m. Founded in 2013, the company specializes in providing IT support and web hosting to nonprofits and small businesses. Officials said their expansion, including a new office space and an addition to the staff, will allow ... (click for more)

$30 Million Development Planned At King And South Market; Will Include Hotel, Condos, Offices, Retail, Possible Restaurant

A new $30 million development is planned for the Southside at King Street and South Market. Nick Wilkinson, city deputy director for economic development, said it will include a hotel, condos, offices, retail and possibly a restaurant. It could also include some light industry. A storage building and a parking lot are now at the site. He said the developers plan to reuse ... (click for more)

Investor In Scheme Says Dyer Made Contacts At Quarterback Club

One of the investors who was a loser in an investment scheme recently halted by the Securities and Exchange Commission said one of the Chattanooga brokers involved made many of his contacts through the Chattanooga Quarterback Club. Paul Smith, former Hamilton County Democratic Party chairman, said Doug Dyer has been the president for many years of the club that promotes UTC and ... (click for more)

Expand Broadband Internet, Not The Size Of Government

I’d like to respond to two letters in your July 13 edition that praised Rep. Mike Carter’s efforts to expand statewide broadband access. Rep. Carter wants more government involvement in the broadband sector, including an expansion of taxpayer-funded, municipal broadband networks.  Rep. Carter’s supporters argued he’s standing up for consumers against huge telecommunications ... (click for more)

Roy Exum: Keep Mike Carter’s Genius

Mike Carter, who has just been chosen as the “Best Overall” member of the Tennessee Legislature by a group known as the Tennessee Forum and “Legislator of the Year” by Citizens for Home Rule, is truly both. A lawyer and then a Sessions Court judge for 8 ½ years, he is overwhelmingly favored to win a third term during next Thursday’s election and rightly so. While it is laudable ... (click for more)