Contact: heather Thompson, Public relations manager, AT 678-684-2257
Dinova’s Business Dining Marketplace Continues Unwavering Growth in Q3
Atlanta (December 6, 2017) – Dinova, Inc., the only innovative, proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced today its second quarter marketplace results. Dinova’s marketplace has seen growth throughout the year, despite downturn in the restaurant industry. In the third quarter, business dining spend through Dinova’s marketplace has increased 20%, with 21% growth in the number of business dining transactions and a 6% increase in transaction size from our enterprise corporation segment, compared with Q3 2016
By contrast, consumer spend at restaurants in general was down again for Q3 2017 with a 2.2%* decline of same-store sales, according to Black Box Intelligence, a TDn2K company. Additionally, consumer traffic was down 4.1% in Q3, further highlighting the need for restaurants to find alternative ways to bring in spend.
Driven by its preferential connection to business diners and ability to influence which restaurants they frequent, Dinova continues to add high-profile restaurants and companies to its business dining marketplace and expand its reach nationwide
“Our plate has been wonderfully full this year – we’ve earned tremendous growth, multiple company awards, and a significant investment from Frontier Capital,” says Vic Macchio, CEO and founder of Dinova. “We’re excited now to forge ahead and focus on innovation and growing our marketplace in 2018 and beyond.”
Dinova Continues to Build Momentum as Leader in Business Dining
Atlanta (October 3, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, continues to build momentum and lead the industry as it wins awards and adds new, exciting restaurants concepts to its ever-growing business dining marketplace.
Dinova’s Vic Macchio Honored as TiE Atlanta Top Entrepreneur
On September 27, TiE Atlanta hosted its annual 2017 Top Entrepreneur Awards and Gala, where Dinova’s CEO and founder, Vic Macchio, was honored as a top entrepreneur for upper middle market companies. The 2017 TiE Atlanta Top Entrepreneur Awards recognize Atlanta startups and companies based on revenue growth, profitability, sustainability, leadership, culture & innovation.
TiE is a non-profit, global community welcoming entrepreneurs from all over the world. TiE was founded in 1992 by a group of successful entrepreneurs and is currently the world’s largest entrepreneurial organization. With programs like TiE Young Entrepreneurs (TYE) and Mentor Match, it is reaching out and fostering the next generation of entrepreneurs.
BTN Innovator Award Presentation
Additionally, Dinova was selected to compete for the Business Travel Innovator Award at the 4th annual BTN Innovate Conference in New York, on September 28, and showcased the latest technology innovation of its business dining marketplace. Fourteen invited companies, including Dinova, made presentations of cutting-edge products, technologies and services to solve travel industry challenges and show new innovative products designed to support managed business travel and/or business travelers.
“It’s an honor to be recognized by TiE Atlanta for the Top Entrepreneur Awards and to be one of the few select companies invited to present at the prestigious BTN Innovator Awards,” said Vic Macchio, CEO and founder of Dinova. “Our inclusion in these prestigious forums is testament to the innovation that Dinova brings to both the restaurant and travel industries that we serve.”
Ocean Prime Joins the Dinova Marketplace
Dinova is also proud to announce the inclusion of Ocean Prime in its marketplace. Ocean Prime is a modern American restaurant and lounge from renowned restaurateur Cameron Mitchell. Ocean Prime delivers an extraordinary experience to business diners: stunning settings and a vibrant energy, an impressive menu of seafood and prime cuts of steak, signature cocktails, a Wine Spectator-honored wine list and truly genuine hospitality. Each Ocean Prime location is unique and inspired by the energy of the city where it’s located.
“We are excited to partner with Dinova to establish a closer relationship with our existing guests and introduce new guests to the genuine hospitality of Ocean Prime,” says Mitch Miller, Vice President of Ocean Prime. “Their partners – some of the largest corporations in the U.S. – are comprised of our ideal guests, and we look forward to welcoming them. From solo travelers to those entertaining clients, Ocean Prime is truly the perfect place for any business guest to enjoy an elegant lunch or dinner while accomplishing their goals.”
Dinova Business Dining Marketplace Reports 21 Percent Growth in Q2 2017
Casual and Fine Dining Showing Significant Growth Among Business Diners
Atlanta (August 24, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced today its second quarter marketplace results. Business dining spend through Dinova’s marketplace has increased 21% in the second quarter of 2017, with a 16% growth in the number of business dining transactions and a 6% increase in the average business dining transaction size, over Q2 2016.
For the first half of the year, business dining spend through Dinova’s marketplace has increased 20%, with a 14% growth in the number of business dining transactions and a 9% increase in the average business dining transaction size, over H1 2016.
“The continued growth of our proprietary business dining marketplace underscores the importance of business dining segment to the restaurant industry. Participating Dinova restaurants enjoyed increased traffic and overall growth from Dinova’s business dining marketplace in Q2,” said Vic Macchio, CEO and founder of Dinova. “In addition, we were honored to receive three major business growth/accelerator awards this quarter, which is additional market validation for our role in driving business diner traffic to restaurants.” In Q2 2017, Dinova saw participating enterprise corporations shift 18.23% more of their existing business dining spend into Dinova preferred restaurants vs. Q2 2016.
Dinova estimates that business dining industry-wide sales was down 1% in Q2 2017 vs. Q2 2016, making Dinova’s marketplace performance even more noteworthy. Consumer traffic was down once again in Q2 2017 with a 3.1% decline, according to Black Box Intelligence – a TDn2K company.
Based on Dinova’s unique view into the business dining market, Dinova is also reporting the following Q2 industry-wide business dining traffic trends:
· 71% spending increase at Fine Dining establishments; driven by a 17% increase in number of business dining transactions
· 44% spending increase at Casual establishments; driven by a 15% increase in number of business dining transactions
· 5% spending increase at QSR establishments; driven by an 9% increase in number of business dining transactions
· Fast Casual establishments were the only segment to see a spending decrease, with a 5% decline in spending and a 1% decrease in number of business dining transactions
Dinova continually welcomes new, diverse restaurants to its business dining marketplace. Two such examples are Restaurants Unlimited, Inc. and Anthony’s Coal Fired Pizza.
Since opening its first restaurant in 1969, Restaurants Unlimited, Inc. (RUI) has brought its talent for bringing the finest food to some of the best possible locations across the nation. RUI operates 20 different restaurant brands in 44 locations throughout the U.S. The restaurants are located in 10 states, including Alaska and Hawaii. RUI is headquartered in Seattle and owned by private equity firm Sun Capital Partners. Additional details are available at www.r-u-i.com.
“We were looking for a new marketing partnership that would help drive sales, grow our audience and increase awareness of our brands to the right stakeholders,” said Laura McMillan, Director of Marketing at RUI. “We liked the prospect of working with Dinova because it hit all the marks in terms of the audience we wanted to reach without hurting our brand images. That, on top of the added awareness the partnership will bring to our Private Dining and Event programs, made the decision to work with Dinova a no-brainer.”
Unveiled in 2002, Anthony’s Coal Fired Pizza introduced the concept of coal oven pizza to south Floridians. Led by founder, Anthony Bruno, the vision was to create coal oven pizza delivering a crisp, “well done” taste that rivaled the ones he enjoyed while growing up in New York. Armed with authentic recipes, the first restaurant opened in Fort Lauderdale, with a strong, successful response.
Anthony’s Coal Fired Pizza serves up award-winning (USA TODAY), authentic Coal Fired Pizza, Oven Roasted Chicken Wings, homemade meatballs, Eggplant Marino (named after partner and NFL hall of famer Dan Marino) and Anthony’s Classic Italian Salad. With over 60 locations in the NE and Florida, Anthony’s has become a household name, delivering the signature crisp, “well done” taste.
“We are thrilled to be partnering with Dinova. Their innovative concept is a win-win for the restaurants they are offering up as well as the corporations that can offer their employees incredible dining options; while saving money,” said Danielle Guzzetta, SVP of Marketing for Anthony’s Coal Fired Pizza. “We are excited to be able to tap into the business channel and share our craveable food with as many customers as possible.”
Dinova is also reporting that last month, it was named a finalist for the 2017 Technology Association of Georgia (TAG) SSA Impact Awards in the Technology Solutions Provider category. The TAG SSA Impact Awards “recognize companies which have demonstrated outstanding leadership in bringing new technology solutions to the market.”
Additionally, Dinova has been selected to compete for the Business Travel Innovator Award at the 4th annual Innovate, the conference for the advancement of business travel, hosted by The BTN Group. Presentations take place on September 28, in New York, in front of a panel of industry judges where two winners will be selected and announced the following day.
Dinova and Tripism Partner on Business Travel Review App
to feature Restaurants that are Business Dining Preferred
Atlanta (August 1, 2017) – Dinova, Inc. and Tripism, Ltd announced today an integrated product and marketing partnership that will redefine how business travelers find and rate restaurants for their business dining needs. Dinova and Tripism’s partnership has initially launched as an exclusive app for their mutual client, but the partnership contemplates integrations with other joint corporate enterprise partners as well.
Dinova provides the opportunity for corporations to manage their third largest T&E expense, meals and entertainment, which has historically been an under managed spend category. Dinova’s proprietary business dining marketplace offers company employees a pre-approved preferred dining program with 14,000+ restaurant locations to choose from, and an easy-to-use app that allows travelers to find restaurant options, cuisine types, and price points for all their business dining needs.
The insights provided by the Tripism platform enable travel managers to maximize the value of corporate travel programs and improve travel provider performance. Business travel providers (hotels, restaurants, airlines, ground transportation) use Tripism to actively engage with their corporate customers and deliver benefits directly to business travelers.
Participating Dinova restaurants are now integrated directly into the Tripism app that is being accessed by company employees as they travel. Through the integration, employees can see all preferred restaurants in Dinova’s business dining marketplace, as well as rate, review, and share their business dining experience with co-workers. When employees use any preferred restaurant, both the company and the individual business traveler benefits.
Business travel has become a focal point as companies look to integrate solutions that provide the modern business traveler with easy-to-use tools that enable unique travel experiences. Food and dining are a big part of creating memorable, local, and noteworthy experiences. Solutions like this joint integration with Dinova and Tripism are crucial as companies look to create modern travel experiences that fit their corporate culture and brand, and look for new ways to engage with employees.
“The idea of converging preferred supplier programs with a consumer based experience, where personalization and convenience is a priority, is exciting and important for the modern business traveler,” says Vic Macchio, CEO and founder of Dinova. “Dining is such a huge part of the business travel experience, and we are excited to partner with Tripism to create a unique integration for one or our mutual enterprise clients. Beyond our Tripism partnership, our product roadmap is focused on new and innovative features that offer increased personalization and artificial intelligence capabilities which will further enhance the modern business travel experience.”
"Tripism is delighted to offer our users even more information on business travel dining by adding Dinova to the Tripism network”, said Adam Kerr, Tripism CEO. “Today, Tripism users share a wealth of information on dining for corporate entertainment, meetings, and personal business travel needs. This partnership adds Dinova’s highly attractive partner restaurants to the growing pool of information Tripism holds to guide business travel choices.”
Dinova Recognized as one of the 40 Fastest-Growing companies in Georgia
Atlanta (June 23, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, was recognized last night at the Association for Corporate Growth® (ACG) annual Atlanta Chapter Georgia Fast 40 Awards Gala.The ACG is a global professional organization with the mission of Driving Middle-Market Growth®.
At last night’s gala, CEO and founder, Vic Macchio, took the stage to accept the award on behalf of the entire company. “Dinova’s success starts, proceeds and ends with people,” said Macchio. “We have employees who are passionate about the work we do, and the ACG Georgia Fast 40 Award is a great example of the dedication and commitment of the entire company.”
Applicants were required to submit three years of verifiable revenue and employment growth records, which were validated by national accounting firm and founding Diamond sponsor, Cherry Bekaert LLP. An ACG Selection Committee evaluated each application and conducted in-person interviews with all qualified applicants. All companies on the list are for-profit, headquartered in Georgia and reported 2016 annual revenues ranging from $15 to $500 million.
“These 40 companies represent 9,574 new jobs and $2.03 billion in revenue growth over the last two years alone,” said Justin Palmer, chairman of the 2017 Georgia Fast 40 Awards and Vice President at Genesis Capital, LLC. “We are proud to honor these great companies in our communities.”
Dinova and The BTN Group: Research Study Explores New Approaches to Meal Expense Management
Atlanta (June 6, 2017) – For the second consecutive year, Dinova, Inc., and The BTN Group have partnered on a joint industry research study, and today announced the results. Once again, the research finds that business dining is one of the more undermanaged areas of the corporate expense budget. Business dining spend historically has represented around 10% of overall annual T&E spend, but 44% of respondents indicated it represented 11% or more this year. This increase in spend offers the opportunity for significant cost savings efforts on the part of corporations nationwide.
According to the survey, 49% of respondents reported that his or her company spent $1 million or more on meals and entertainment in 2016. This number increased 9% over 2016 survey results. Despite the economic downturn in consumer spending, business dining continues to deliver high-margin guests to restaurants around the country. With the high amount of money rolling through corporate T&E on business dining spend, there’s an opening to better manage the expense.
The business dining expense comes in a variety of ways, including out-of-town travelers, marketing and events, client entertainment, internal business catering and private dining. When asked to choose all restaurant types that are most frequented by business employees eating on expense accounts:
• 45% said fast-casual
• 26% said independent restaurants
• 18% said chain-dining establishments
• 15% said quick-service restaurants
When asked what percentage of meals and dining expenditures occur in employees’ home market(s) versus business travel, only 10% of respondents indicated that 50% or more meal expenses are at home while 24% indicate less than 10% of meal spend is in home markets.
Similar to last year, 46% of respondents reported they have yet to focus on dining spend as an area of savings significance. And when it came to how often meal expenditures are reported to management:
- 42% said as requested by management
- 27% said monthly
- 16% said quarterly
- 7% said annually
- 18% said never
“Despite consumer traffic softening in the first quarter of 2017, business dining has increased year-over-year from 2015 to 2016, which makes it advantageous for travel managers to reclaim a portion of the overall company dining spend,” said Vic Macchio, Founder and CEO at Dinova. “We estimate business dining spend in the U.S. to be around $60 billion annually, and the ability to manage this spend is critical in overall T&E savings.”
“The research indicates that business travel and meal expenditures as a percentage of overall T&E are on the rise. Yet less than one-third of those surveyed have taken steps to better manage this spend category. Far too many corporations are missing opportunities for quantifiable savings on business dining expenses,” said Louis Magliaro, The BTN Group senior vice president and group publisher. “Leading companies are trying some very innovative tactics and we look forward to sharing more insights with our audience as this area matures.”
In addition to the survey results, Dinova and The BTN Group will host a free webinar that will take a New Approaches to Meal Expense Management. The webinar will take place Thursday, June 8, at 1 p.m. Eastern Daylight Time. The webinar will include speakers from companies such as Eli Lilly, General Dynamics Mission Systems, Meritor, Inc., and Dinova.
For more information about the webinar, visit https://event.webcasts.com/starthere.jsp?ei=1147671&sti=PR
Dinova Business Dining Marketplace Reports 45 Percent Growth in Q1 2017
Casual and Fast Casual Dining Continues as Fastest Growing Segment among Business Diners
Atlanta (May 19, 2017) - Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide, announced today its first quarter marketplace results. Business dining spend through Dinova's marketplace has increased an astounding 45.34% in the first quarter of 2017, with a 39.9% growth in the number of business dining transactions and an 11.41% increase in the average business dining transaction size, over Q1 2016.
"The outstanding growth of our proprietary business dining marketplace is validation of this emerging business dining segment from all sides of our marketplace. More and more marquee restaurants have joined our marketplace to access profitable business patrons. At the same time, more than 50 Fortune 500 corporations have also joined our marketplace so that their employees can easily find high quality restaurants that are business diner preferred," said Vic Macchio, CEO and founder of Dinova. "We bring value to all our partners as well as business diners."
Dinova estimates that business dining industry-wide sales is up slightly at 1.1% in Q1 2017 vs. Q1 2016. This is in sharp contrast to the consumer dining industry which has been in significant decline over the past 12-18 months. According to Black Box Intelligence – a TDn2K company, consumer traffic is down once again in Q1 2017 with a 3.6% decline. Conversely, participating Dinova restaurants enjoyed increased traffic and overall growth from Dinova's business dining marketplace as well as increased spending by client companies. In Q1 2017, Dinova saw participating companies shift 29.54% more of their existing business dining spend into Dinova preferred restaurants vs. Q1 2016.
Based on Dinova's unique view into the business dining market, Dinova is also reporting the following Q1 industry-wide business dining traffic trends:
- 24% spending increase at Casual establishments; driven by a 16% increase in number of business dining transactions
- 19% spending increase at Fast Casual establishments; driven by a 16% increase in number of business dining transactions
- 15% spending increase at Fine Dining establishments; driven by a 25% increase in number of business dining transactions
- 3% spending decrease at QSR establishments; driven by an 8% decrease in number of business dining transactions
Dinova continually welcomes new, diverse restaurants to its business dining marketplace. Two such examples are Cactus Jack's Great West Grill, owned by Great NH Restaurants, and Jaguar Hospitality Group. Great NH Restaurants owner and CEO, Tom Boucher, is looking forward to getting started. "As a business traveler myself, I love to seek out interesting places to dine. The Dinova program is an ingenious way for the business traveler to find and enjoy great dining."
The two Cactus Jack's locations are in close proximity to large numbers of business travelers. The Manchester location is within 10 minutes of the Boston – Manchester Regional Airport, which is the gateway to New Hampshire and the greater Boston area, and the Laconia location is in the heart of the New Hampshire Lakes Region. With recipes that are made-from-scratch and feature a taste of Americana with a distinctive western flair, Cactus Jack's large menu will be a hit with any business traveler. "Cactus Jack's is just the type of locally owned restaurant that I look for when I travel," comments Boucher.
Jaguar Hospitality Group began in Miami with the opening of Jaguar Ceviche Spoon Bar and Latam Grill, featuring an enticing and unique selection of ceviches, while showcasing the many flavors enjoyed throughout Latin America. Talavera Cocina Mexicana, an inviting and sophisticated concept in the heart of Miami's Coral Gables, with an expansive menu inspired by old and new world Mexico, is often regarded as South Florida's premiere destination for authentic Mexican cuisine. Peacock Garden Café in Coconut Grove, is the charming neighborhood favorite, and Jaguar Hospitality Group's gift back to their beloved neighborhood, paying tribute to the area's rich and storied past in its concept and cuisine. The recipe for the success of Jaguar Hospitality Group is a simple one – pair the highest quality ingredients and unforgettable flavors with an inviting setting, approachable prices and personal, friendly service.
"As part of our existing programs for sales and marketing, our partnership with Dinova will provide an additional channel that we can use to target the business traveler and corporate diners," said Natalia Durazo, Marketing and Branding at Jaguar Hospitality Group. "This new avenue will be a vital resource for us that allows us to connect with a lucrative business dining segment to increase traffic to our restaurants and further expand our business."
Bob Evans and Chuy’s Join the Dinova Marketplace
Atlanta (May 16, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants across the nation, announced today that Bob Evans and Chuy’s have joined its exclusive business dining marketplace.
Bob Evans Restaurants is the leader in home style food and best-in-class breakfast. With 523 family style restaurants in 18 states, Bob Evans is known for farm-fresh, seasonal ingredients and high quality food. For more than 60 years, Bob Evans restaurants have been serving “honest-to-goodness” hot, delicious comfort classic meals at a good value meeting the needs of business travelers. The founder, Bob Evans, was a real farmer who believed that quality is long remembered after price is forgotten.
“Bob Evans opened his restaurants based on the belief that travelers wanted a hospitable restaurant with high quality food and a friendly face to greet them while they were on the road. Bob’s mantra was ‘Treat strangers like friends and friends like family’, which is why partnering with Dinova’s network of business travelers and corporate diners is such a good fit for Bob Evans restaurants”, said Sara Bittorf, Chief Marketing Officer Bob Evans restaurants. “Every business traveler craves the comforts of a home cooked meal at some point in their travels and Bob Evans is thrilled to be able to welcome them.”
Founded in 1982 in Austin, Texas, Chuy's serves authentic Tex-Mex food in an eclectic atmosphere full of color and personality. The menu includes family recipes from South Texas, New Mexico and Mexican border towns, all made to order using only the freshest ingredients. They’ve built a cult-like following for their famous hand-rolled tortillas, margaritas made with freshly-squeezed lime juice, and signature sauces like the beloved Creamy Jalapeño. Chuy's has the reputation as the most fun and friendly spot to eat real Tex-Mex, and at a great price.
“Over the past 35 years, Chuy's has grown from a few restaurants in our hometown of Austin, TX to 83 locations across 16 states. We've done that by serving the freshest and most authentic Tex-Mex on the planet," said Ashley Ingle, Vice President of Marketing for Chuy's. "We are excited about our new partnership with Dinova, bringing corporate diners to experience Chuy's unique style of made-from-scratch Tex-Mex in a fun and quirky atmosphere."
With the recent announcement of the $40 million investment from Frontier Capital and last month’s Atlanta Business Chronicle Pacesetter award win, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 locations nationwide. The additions of Bob Evans and Chuy’s are just one indicator of the substantial growth Dinova continues to achieve in 2017.
FRONTIER CAPITAL ANNOUNCES GROWTH PARTNERSHIP WITH DINOVA
Investment adds Atlanta-based business dining pioneer to Frontier’s portfolio
Dinova drives traffic to restaurants with program that pays dividends to businesses of all sizes
Frontier’s investment brings new capital, operational support to accelerate growth, create value
CHARLOTTE, N.C. (May 2, 2017) – Frontier Capital, a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies, announced today it has completed a $40 million equity investment in Dinova, Inc. Proceeds of the investment will be used to finance ongoing growth strategies as well as provide liquidity to early-stage investors.
Founded by CEO Vic Macchio in 2009 and based in the Atlanta suburb of Johns Creek, Georgia, Dinova is the only company providing an innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide. With a marketplace of more than 14,000 restaurants and corporate partners that include hundreds of Fortune 500 companies and more than one million small- and medium-sized businesses, Dinova influences more than $6 billion annually in travel and entertainment expenses.
“Frontier Capital is very excited to partner with Vic and the Dinova team on the next phase of the company’s growth,” said partner Michael Ramich, who will join Dinova’s board. “Businesses have long controlled other travel expenses through airline and hotel loyalty programs, and Dinova has cracked the code with business dining to deliver savings to employers and bring more high-margin traffic to its restaurant partners.”
“The number of restaurants and corporate partners embracing Dinova’s business model has grown rapidly since we launched the company, and we believe our greatest years of growth are still in front of us,” said Macchio, who will continue as CEO. “We are thrilled to welcome Frontier to our team and we are confident that the resources they bring to Dinova will help us accelerate growth and create value for our corporate clients, restaurant partners and investors.”
About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high-growth companies and has built an excellent track record of delivering returns to both investors and management partners. For more information, please visit frontiercapital.com.
Dinova (www.dinova.com) is the only company providing an innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide. Dinova influences more than $6 billion annually in business meals and entertainment expenses. Participating companies range from more than a million small to medium sized businesses to hundreds of Fortune 500 enterprises, and its 14,000-plus restaurant network includes local independents as well as national full-service and limited-service restaurant brands, encompassing all price levels and cuisines.
Dinova Named Fastest-Growing Private Company by the Atlanta Business Chronicle
New Chief Technology Officer Joins the Ranks
Atlanta (April 28, 2017) – Dinova, Inc., the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants across the nation, was named a Pacesetter by the Atlanta Business Chronicle for 2017. Additionally, Dinova welcomes Danny Davis who was hired in March as the new Chief Technology Officer.
Dinova had the honor of being distinguish among its peers of Pacesetters on Thursday morning at the Atlanta Business Chronicle’s annual ranking of Atlanta’s Fastest-Growing Private Companies, which ranks qualifying companies by a growth index formula. Dinova was part of the top 100 winners among a record number of nominations in a highly competitive market. To qualify, the companies must be privately held; based in the 20-county metro Atlanta area and not a subsidiary of another company; established first quarter 2014 or earlier (to judge a two-year growth); has experienced a two-year growth in sales of more than 50%; and had its 2016 revenues between $1 million and $300 million.
In addition to the Pacesetter award, Dinova has recently hired a new Chief Technology Officer who has joined the team at the Johns Creek, Ga., headquarters. Danny Davis joins the Dinova leadership team and is responsible for driving Dinova’s technology vision and execution across the enterprise, enabling rapid go-to-market strategies and critical partner integrations. Davis brings nearly 20 years of experience in the technology and mobile integration space to this position.
Davis was most recently President of Army Mobile, and was responsible for mobile product strategy and design process. He was also the founder and CEO of Proving Ground, where he established the agency’s product innovation and delivery processes that integrated customer discovery, lean startup principles and business model design with agile development.
Davis graduated Magna Cum Laude from Limestone College with a BS in Computer Science, English, and Math. Click here for a full bio on Davis.
Texas de Brazil Joins the Dinova Marketplace
Atlanta (March 07, 2017) – Dinova, Inc., the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that Texas de Brazil has joined Dinova’s exclusive business dining marketplace.
Texas de Brazil Brazilian Steakhouse, features a continuous dining experience that embraces a time-honored tradition of churrasco-style cooking, adopted from the gauchos – Brazilian cowboys of Southern Brazil. The menu features endless servings of perfectly seasoned beef, lamb, pork, chicken and sausage, all slow-roasted over an open-flame and carved at the table by the restaurant's experienced gaucho servers. Additionally, Texas de Brazil boasts an extravagant gourmet salad area containing more than 50 fresh items such as grilled vegetables, imported cheeses, charcuterie, smoked salmon, creamy lobster bisque, and many more mouthwatering variations of salads and traditional Brazilian sides. Texas de Brazil offers group dining rates, catering packages, and takeout options to meet the needs of all diners and occasions.
“We pride ourselves in delivering a diverse restaurant network to our business diners, and having a unique concept like Texas de Brazil gives them a great option for a fun and interactive business meal” said Vic Macchio CEO and founder of Dinova. “Texas de Brazil is thrilled to offer our unique dining experience to the participating business diners within the Dinova network,” stated Salim Asrawi, COO. “We feel the value of our concept and quality of product, makes us an ideal addition to the preferred restaurant marketplace, and we are looking forward to building long-lasting relationships and providing many memorable experiences to the guests.”
With the recent announcement of a $6 billion marketplace, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 locations nationwide. The addition of Texas de Brazil is just one indicator of the substantial growth Dinova continues to achieve in 2017.
Sullivan’s Steakhouse Joins the Dinova Marketplace
Atlanta (February 21, 2016) – Dinova, Inc. the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that Sullivan’s Steakhouse has joined its business dining marketplace.
Sullivan’s Steakhouse is an experience unlike any other American steakhouse. Boasting hand-cut steaks, fresh seafood, signature cocktails and live music, Sullivan’s offers an intimate setting where guests can treat themselves to great food and a fun atmosphere. With 18 locations across the United States, Sullivan’s food and award-winning wine list will give guests an evening they will never forget.
“We are excited to have Sullivan’s Steakhouse join our business dining marketplace,” said Vic Macchio, CEO and founder of Dinova. “Dinova’s partnership with Sullivan’s Steakhouse connects the restaurant with a new set of influential corporate diners and business travelers,” said Brandon Coleman III, chief marketing officer for Del Frisco’s Restaurant Group. “Introducing new guests to the Sullivan’s dining experience is an opportunity to share the consistent service and quality cuisine we take pride in offering.”
With the growth of its marketplace to $6 billion in dining spend influence, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 locations nationwide. Sullivan’s Steakhouse is the latest edition to the growing roster of national brands to join Dinova’s business dining marketplace.
Dinova, Inc. Named a TAG Top 40 Innovative Technology Company
Atlanta (February 16, 2017) – Dinova, Inc. the only innovative proprietary marketplace exclusively focused on connecting business diners to restaurants across the nation, was named a TAG Top 40 Innovative Technology Company by the Technology Association of Georgia (TAG) for Innovation and Contributions to the State’s Technology Community.
TAG’s Top 40 Awards recognize Georgia-based technology companies for their innovation, financial impact, and their efforts at spreading awareness of Georgia’s technology initiatives throughout the U.S. and globally. TAG will recognize the Top 40 at the 2017 Georgia Technology Summit (GTS) on March 23, 2017, at the Cobb Galleria Centre in Atlanta, Ga.
“We could not be more thrilled and honored to be a TAG Top 40 Innovative Technology Company,” said Vic Macchio, CEO and founder of Dinova. “This validates our success in defining a new market and our ability to grow our marketplace through our proprietary backend technology solution.”
“The 2017 Top 40 finalists are an elite group of innovators who represent the very best of Georgia’s Technology community,” said Larry Williams, president & CEO of TAG. “The 2017 Top 40 finalists are shining examples of what makes our State such a hotbed for technology and we applaud them for standing out as leaders in Georgia’s technology community.”
"An extraordinary number of truly innovative technology companies participated in this year’s Top 40 competition, demonstrating the depth and breadth of Georgia's technology community," said Dennis Zakas, managing partner of Zakas & Leonard, LLP, CEO of Zinc., and chairperson of the Top 40 Selection Committee. “In fact, based on the quality of the contestants, we could have had a 'Top 60' without losing a beat."
Zoës Kitchen Joins the Dinova Marketplace
Atlanta (February 07, 2017) – Dinova, Inc., the only innovative, proprietary marketplace exclusively focused on connecting business diners to quality restaurants nationwide, announced today that Zoës Kitchen (NYSE: ZOES) has joined its exclusive business dining marketplace.
With more than 200 locations across the United States, Zoës Kitchen aims to deliver goodness to its customers by providing fresh, scratch-made Mediterranean meals, served with gracious hospitality. From grilled kabobs and savory entrees to tasty salads and creative sandwiches, their wholesome food and flavors are designed to leave guests feeling good, both inside and out.
“Having a Mediterranean brand like Zoës Kitchen available to our business diners is another great fast casual option for travelers looking for unique, healthy alternatives while on the road,” said Vic Macchio, CEO and founder of Dinova. “Whether they are looking for a nutritious, scratch-made lunch option, or a place to wind down for dinner after a busy day, Zoës Kitchen is a fabulous option for business diners when they are on the road, are conducting business meals or are planning catering for their office,” said Casey Shilling, Chief Marketing Officer, Zoës Kitchen. “We are thrilled to be a part of the Dinova network, as we are always looking for opportunities to introduce our modern Mediterranean dining experience to more guests.”
With the growth of its marketplace to $6 billion in dining spend influence, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 locations nationwide. Zoës Kitchen is the latest edition to the growing roster of national brands to join Dinova’s business dining marketplace. In recent months Dinova has also welcomed Del Frisco’s Double Eagle Steakhouse and Del Frisco’s Grille, P.F. Chang’s and Buca di Beppo.
Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille
Join the Dinova Marketplace
Atlanta (January 19, 2017) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille have joined Dinova’s exclusive business dining marketplace.
For more than 20 years, Del Frisco’s Double Eagle Steak House’s vision to embody the rich tradition of the classic American steakhouse has remained true. Del Frisco’s is a high-end, contemporary steak house with a see-and-be-seen buzz. Boasting bold spaces and flavors, the menu includes an extensive selection of USDA Prime wet-aged steaks, a Wine Spectator award-winning wine list and unparalleled hospitality.
Del Frisco’s Grille is a vibrant, upscale-casual eatery featuring elevated classic comfort food with a twist. An ‘anytime eats’ dining destination, the Grille offers an array of fun, approachable menu items made with the freshest of ingredients, sourced as locally as possible. Located in multiple states and Washington D.C., the Grille takes the classic American bar and grill concept to refreshing new heights.
“What a great way to start 2017, by adding the prestigious names of Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille to Dinova’s marketplace,” said Vic Macchio, CEO and founder. “We are so thrilled that our business diners will have the option to dine at both of these fine establishments.”
”Business travelers and corporate diners are important guests for both Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille. Joining the Dinova network opens our restaurants up to new business dining occasions,” said Brandon Coleman III, chief marketing officer for Del Frisco’s Restaurant Group. “We are always excited about opportunities to expose new guests to the high-quality cuisine and warm, genuine hospitality for which Del Frisco’s is known.”
With the recent announcement of a $6 billion marketplace, Dinova continues to add increasingly diverse restaurant concepts to its more than 14,000 locations nationwide. The addition of Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille is just one indicator of the substantial growth Dinova continues to achieve in 2017.
Dinova’s Marketplace Expands to $6 Billion in Business Dining Influence
Atlanta (January 10, 2017) – Dinova, the only innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide, announced today that it has surpassed $6 billion in business dining spend influence. Dinova’s marketplace increased steadily in 2016, which has resulted in this huge milestone for the company at the onset of 2017. Like other successful internet marketplaces, such as Airbnb and Uber, Dinova is quickly penetrating this burgeoning market and is progressing into a successful mid-size growth company.
“I am ecstatic that we are able to start 2017 with such an incredible announcement,” said Vic Macchio, CEO and founder of Dinova. “As we continue to forge ahead and add more restaurants and top corporations around the country, we continue to provide a unique marketplace that is only available by joining Dinova.”
Dinova has also continued to add diverse restaurant concepts to its marketplace throughout 2016 and starts 2017 with three new groups including Snarf’s Sandwiches, the Fine Indian Dining Group, and the unique movie theater microbrewery, Flix Brewhouse.
Snarf’s Sandwiches was founded in 1996 in Boulder, Colorado by Jimmy Seidel and is home to the world’s finest sandwich. Since then, Snarf’s has expanded to more than 20 locations in Colorado, Chicago, St. Louis and Austin, Texas. Snarf’s award-winning sandwiches are made-to-order using the very best ingredients including premium meats and cheeses, crisp veggies, their own blend of giardiniera peppers and Jimmy's bread recipe, which is the trademark of Snarf's.
"We're excited to be partnering with Dinova in order to reach a new audience segment including business travelers and corporate diners, said Jill Preston, Director of Marketing at Snarf's. "We know this is an influential and important audience, and through Dinova's network we look forward to increased traffic, sales and catering opportunities."
Executive Chef and Owner of Fine Indian Dining Group, Hemant Mathur, has spent decades cultivating spectacular recipes and dishes for many fine establishments. In 2015, he joined the Fine Indian Dining Group, founded by Shiva Natarajan, in New York with Indian dining concepts such as Chote Nawab, Dhaba, Haldi, and Sahib, all found in New York.. Fine Indian Dining Group ensures delicious signature dishes and specials that are inspired by each concept’s regional focus.
“Dinova’s marketplace provides our restaurants with that extra enhancement to reach a target audience of business diners nationwide, which also complements our current marketing efforts,” said Hemant Mathur, Executive Chef and Owner of Fine Indian Dining Group. “Participating in Dinova’s network is an important resource that gives us access to an influential customer segment which is vital to expanding our reach and increasing traffic at our restaurants.”
Flix Brewhouse is the only movie theatre in the world to incorporate a fully functioning microbrewery. By combining two popular concepts, Flix is able to deliver three of America’s great loves – craft beer, great food and the latest movies – directly to a guest’s theatre seat. Flix currently offers 33 stadium seating “dining rooms” with high-definition cinema projection and sound technologies, wall-to-wall curved screens, cushy high back chairs, and its revolutionary Easy Glider movable table top. There are 25-35 beers brewed onsite annually, and 38 other draft beers for guests to enjoy, along with specialty non-alcoholic drinks. The lobby bar is also open seven days a week for those looking for a bite to eat and great local beer.
“Dinova's marketplace has been a nice addition to our sales mix, particularly with business travelers. The incremental revenue associated with the traffic driven from Dinova's network has been a valuable inclusion to our current sales and marketing program,” said Greg Johnson, Director of Sales and Marketing at Flix Brewhouse.
Dinova in the News
Dinova, Inc., the proprietary marketplace exclusively focused on connecting business diners to restaurants nationwide said second quarter marketplace results reveal growth throughout the year, despite downturn in the restaurant industry. Read more...
Frontier Capital surpasses target amount in latest capital fund
The firm most recently invested $40 million in the Atlanta-based software company Dinova Inc. in May, as well as a majority equity investment in January in Fort Mill-based AccessOne, a platform designed to help patients manage out-of-pocket costs of health care.
The Expense-Account Racket
Vic Macchio, who runs a corporate dining network called Dinova, has estimated the “business dining spend in the U.S. to be $60+ billion annually.” I’ll bet that’s low.
Bayou Bluegrass Catering
Published November 20, 2017
Also be sure to check the conference center’s catering services ahead of time. Dinova found that 78% of corporations include vegetarian options at their events, and this sort of variety is key. Read more...
Boston Market is a reliable place for business travelers to find a healthy meal on the road. With over 100 healthy meal combinations, travelers can even order two meals and take one back to the hotel for a later meal. We interviewed Boston Market to learn more about their menu and healthy offerings. Read more...
The Elevator Pitch
Business travelers likely understand this frustration better than anyone else: When you’re far from familiar options at home, and with tens of thousands of restaurants to choose from, how is anybody expected to make a decision about where to eat? Read more...
Other participants in the Business Travel Innovator Lab included Blacklane, Breather, Deem, Dinova, FCM Travel Solutions, Flightsayer, Groundlink, Groups360, HRS, Mezi, Travelport Locomote and Tripism. Read more...
According to Dinova’s internal data, October is the busiest month for business travel. The U.S. business travel economy is big, to the tune of $547 billion (GBTA Report). Of that, $262 billion is on business trip related expenses with dining at nearly $50 billion, only second place behind accommodations. Read more...
Business Travelers Will Appreciate the Fresh and Healthy Menu Items at P.F. Chang’s.P.F. Chang’s is a popular chain restaurant that can be found in many cities (and a few airports) around the United States. Business travelers seeking fresh food (and burned out on salad) will appreciate the variety of healthy options at P.F. Chang’s. We interviewed P.F. Chang’s to learn more about their Farm to Wok offerings. Read more...
Dinova, Inc. and Tripism, Ltd announced today an integrated product and marketing partnership that will redefine how business travelers find and rate restaurants for their business dining needs. Read more...
Corporate dining program provider Dinova and recommendation platform Tripism have partnered to create a user-driven dining app for corporate travel customers. Through the integration, employees can see the more than 14,000 preferred restaurants in Dinova’s business dining marketplace, as well as rate, review and share their business dining experiences with co-workers. Read more...
Bob Evans and Chuy’s Join Dinova
Finding fresh food on the road can be challenging. Finding food that is made from scratch when dining out can be nearly impossible. Zoës Kitchen not only has a menu focused on fresh and healthy food, everything on that menu is made from scratch. Read more...
Each year the TAG SSA Impact Awards recognizes companies and their teams who have demonstrated outstanding leadership in bringing new technology solutions to the market. Read more...
The company doesn't want to rely on discounting and promotions to drive traffic. However, Chuy's did roll out a corporate dining frequency program with Dinova in mid-May, and recently launched a social media campaign to build awareness around the freshness of its ingredients. Read more...
For the second consecutive year, Dinova, Inc., and The BTN Group have partnered on a joint industry research study. Once again, the research finds that business dining is one of the more undermanaged areas of the corporate expense budget. Read more...
A statement attributed to Dinova VP for enterprise partnerships Chris Froelich indicated the company was aware of the Defense RFP and “looking forward to participating in the process.” Read more...
4 Little Known Facts About the Business Diner
It’s no secret that consumer traffic for restaurants is soft, but targeting business diners continues to increase traffic to restaurants, despite the consumer downturn.
Frontier Capital, a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies, announced it has completed a $40 million equity investment in Dinova, Inc. Read More...
Frontier Capital, a Charlotte-based growth equity firm, has invested $40 million in Dinova Inc., an Atlanta-based software company. Read More...
Johns Creek, Ga.-based Dinova Inc. landed a $40 million equity investment from Charlotte, N.C.-based Frontier Capital.
Frontier Capital, a growth equity firm focused exclusively on software and tech-enabled business services companies, reported the investment will be used to finance ongoing growth strategies as well as provide liquidity to early-stage investors. Read More...
Finding restaurants that have a variety of gluten-free menu options can be a challenge during travel. This month, we interviewed Not Your Average Joe’s to learn more about their offerings for gluten-free travelers. Read More...
If you are ever going to eat out in Johns Creek, now is the time. That is the message Johns Creek Advantage’s Bethany Hountz is getting out.
This is the time more than 20 city restaurants participate in special menus that highlight the gastronomic diversity that is at the core of Johns Creek’s hospitality community. Read more...
This year the event is sponsored by Johns Creek-based Dinova, the business that unites restaurants with corporate dining.
Dinova understands the value of helping businesses understand all the various local catering options for hosting events and their catering, Hountz said. Read more...
Dinova, Inc., said Zoës Kitchen has joined its exclusive business dining marketplace. With more than 200 locations across the United States, Zoës Kitchen aims to deliver goodness to its customers by providing fresh, scratch-made Mediterranean meals, served with gracious hospitality. Read more...
Published January 2017
...Dinova, headquartered in Johns Creek, also expanded their physical footprint in 2016 and increased employment by 20%.
Published January 18, 2017
The catering industry grows more diverse with each passing year. Those of you reading this article are not just independent operators, but also restaurateurs, food truck owners, purveyors of pop-up events, venue owners, executives, salespeople, marketers, chefs, prop builders, and floral designers...Read more
Published January 2017
“We’re always pushing to keep costs down,” says Chef John Mooney, of Bell, Book & Candle in New York City and Bidwell in Washington, D.C. “We do like to use superior quality, but we also try to minimize waste, so we don’t throw away anything. Just passing that onto sourcing is just an important part of what we already do." Read more...
- Dinova is the only company providing an innovative, proprietary marketplace exclusively focused on connecting expense account diners to quality restaurants nationwide
- By definition, “business dining” means any meal on a business corporate credit card that can be expensed, including meals purchased during business travel, food for company meetings and events, client entertainment, catering for internal department meetings, and corporate private dining
- Dinova currently influences more than $6 billion in annual business dining spend
- Dinova was founded in 2009 by CEO Vic Macchio (Mack-ē-oh)
- Currently, Dinova has 14,000+ restaurant partners across the United States and growing
- Restaurant segments included in the Dinova marketplace range from quick service, fast casual, casual, polished casual, fine dining, to delis and cafés. These restaurants encompass national and regional brands, large restaurant groups, and award winning independents
- Companies that participate in Dinova’s marketplace range from small to medium sized businesses to Fortune 500 enterprises
- Dinova has an easy-to-use mobile app that allows business diners to locate in-network restaurants while in town or on the road
- Dinova employs individuals from all over the United States, and has its corporate headquarters in the Metro-Atlanta area
- Dinova has won multiple awards in 2017, including the Technology Association of Georgia’s Top 40 Innovative Technology Company, Atlanta Business Chronicle Pacesetter, the ACG Georgia Fast 40 and a finalist of the Technology Association of Georgia’s SSA Impact Awards
- Dinova received a $40 million investment from Frontier Capital in May 2017