The company introduced BigDish onto beta and TablePouncer platforms. Credit: Toast.

Food technology company BigDish is conducting a strategic review of its Asian business due to informal approaches for an acquisition.

The company noted that its directors were informally contacted by more than one Asian technology company regarding the sale.

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The directors are conducting a strategic review to ‘determine the path to achieve the most value for shareholders’, the result of which will be announced in January 2019.

In addition, the company named Sanj Naha to the team on 1 October to assist in developing the UK strategy.

“The UK business will continue to be the prime focus going into next year and will be the value driver for the share price.”

Under the leadership of Naha, the company has introduced BigDish onto beta and TablePouncer platforms. It is currently implementing the operational and technology recommendations made during the initial beta phase.

The company also started to alter the brand within the UK app by changing its logo. Other initiatives will be implemented over the next couple of months.

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It has also named a new territory manager to oversee the addition of south west and new restaurants to the TablePouncer and BigDish platforms by focusing initially on adding restaurants in Bristol.

The company expects to fully rebrand the UK business and integrate its TablePouncer platform into BigDish by January.

BigDish CEO Joost Boer said: “The addition of Sanj Naha has had a very positive impact on the company. Sanj’s experience in the restaurant tech space gained at tech giants such as TripAdvisor and The Fork is proving invaluable as we build the launch pad for aggressive growth in 2019.

“The UK business will continue to be the prime focus going into next year and will be the value driver for the share price.

“Given that the UK’s largest dining discount card, Tastecard, was acquired for over £100m a couple of years ago, it is clearly evident that the UK alone has the potential to deliver significant value for shareholders.”

Furthermore, the company is planning to increase its team to 15 over the next year in order to enhance product development.