Norwalk, CT
— June 11, 2013
Adaco, a leader in cloud-based solutions for hospitality procurement, inventory and menu engineering, is pleased to announce that the success of Adaco.Net continues to accelerate. The fully-integrated purchasing and operational control system has been selected for a number of properties with existing clients in recent months across the globe, including Starwood Hotels, Marriott Hotels & Resorts, Loews Hotels & Resorts, and Jumeirah Hotels & Resorts.

New properties and clients selecting Adaco.Net include: Viceroy Snowmass; Marriott, Santiago; and The Ritz Carlton, Santiago. Multiple implementations also were completed across the globe.

With a 27 year history, Adaco has an excellent reputation in the hotel sector as a global provider of purchasing and operation control solution, with Adaco .NET software currently processing more than $5 billion worth of purchasing annually. Acquired in 2012 by Fourth, a London-based provider of labor, payroll, inventory and procurement systems, including Procure-to-Pay, Adaco has significantly increased its international footprint with solutions now in 54 countries, including North and South America, Europe and the Middle East. Adaco now serves as the operating base for Fourth USA.

"New orders for our SaaS product, Adaco.Net, have never been stronger," said Fourth Chief Sales Officer Steve Mansfield. "It's been a very busy period for both new orders and new enquiries, particularly in North and South America and the Middle East. We continue to invest in current and new highly skilled people, product and internal management systems to support the needs of our U.S. and international customers."

To see Adaco.Net at HITEC, pre-schedule an appointment by calling Steve Mansfield at (203) 838-3700 x7506. For more information on Adaco, e-mail [email protected] or visit http://www.adaco.com.

About Adaco

Adaco is the global leader in purchasing and operation control solution for hospitality industry. With over 400 customers its products are used in 54 countries by the world's leading hotel groups including Marriott, Starwood, Loews, Wyndham, Ritz Carlton and Jumeirah. Recent customer wins include Saraova Hotels, Shangri La, The Dorchester and Hotel Du Vin/Malmaison. www.adaco.com

About Fourth

Fourth employs 200 people, with offices in London and Cheshire and is the leading provider of completely integrated cloud-based solutions for the hospitality industry in the world. Its solutions are used by the hospitality sector at 13,250 sites in 22 countries. It has 651 customers including: restaurant groups Gondola, Tragus, Carluccio's and Jamie's Italian; fast-food groups Krispy Kreme and Subway; pub groups Spirit, Fuller's, Marston's and Stonegate; hotel groups Intercontinental Hotel Group, Hilton and Starwood, and leisure customers such as Center Parcs and Merlin, plus catering organisations such as SSP, Sodexho, MITIE and Aramark. www.fourth.com

Steve Mansfield
(203) 838-3700 x7506