First Watch Tapped Datum’s Due Diligence Expertise for Recent Acquisition of The Egg & I Restaurants

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For its recent acquisition of The Egg & I restaurants, First Watch trusted its partner Datum Corporation to perform business process and IT due diligence for the fourth time in three years which has included J. Christopher’s, The Good Egg and Bread & Company.

First Watch Restaurant Interior
Over the past several years, Datum has been an integral part of our strategic growth by helping us not only with the opening of many new restaurants across the country, but also performing the due diligence for our acquisitions.

For its recent acquisition of The Egg & I restaurants, First Watch trusted its partner Datum Corporation to perform business process and IT due diligence for the fourth time in three years which has included J. Christopher’s, The Good Egg and Bread & Company.

“Over the past several years, Datum has been an integral part of our strategic growth by helping us not only with the opening of many new restaurants across the country, but also performing the due diligence for our acquisitions,” said Chris Olson, Vice President of Finance at First Watch.

As the global authority on multi-unit restaurant technology, Datum is able to perform an in-depth investigation of targeted acquisition from a unique perspective. With skilled evaluations of compliance short falls, platforms, horizontal systems, and point of sale structures Datum is able to assess future growth capabilities as well as provide thorough CAPEX and OPEX liabilities.

“We’re honored to have been chosen yet again to perform due diligence for First Watch,” said Tom Frost, CEO of Datum Corporation. “Because we know the intricacies of both restaurant systems and business operations at all levels, we are able to provide a much more comprehensive analysis.”

First Watch’s recent acquisition of The Egg & I brings together the two largest chains in the breakfast and lunch segment, with 269 restaurants in 26 states as well as 16 units under development. The move furthers the success and accelerated growth that First Watch has experienced over the past few years, which has been achieved through a combination of opening new company-owned restaurants, franchised restaurant openings and select tuck-in acquisitions.

ABOUT FIRST WATCH
First Watch specializes in award-winning, made-to-order Breakfast, Brunch and Lunch. A recipient of more than 200 “Best Breakfast” and “Best Brunch” accolades, First Watch offers traditional favorites, such as omelets, pancakes, sandwiches and salads, and unique specialty items like Quinoa Power Bowls and the Chickichanga. Just recently, First Watch was named a 2015 Top Consumer Pick by Nation’s Restaurant News and has received other recognition including being named a 2013 “Next 20” Emerging Brand by Nation’s Restaurant News and a 2014 Top Franchise Value by FSR Magazine. First Watch is the largest and fastest-growing daytime-only restaurant concept in the U.S. with more than 260 restaurants in 26 states, including more than 130 First Watch restaurants, 114 The Egg & I restaurants, 20 The Good Egg restaurants and one Bread & Company restaurant in Nashville (with another one under construction). For more information, visit http://www.firstwatch.com.

ABOUT DATUM CORPORATION
Datum is a business process and technology consulting partner and provides all-inclusive IT solutions to clients nationwide. Founded in 2003, Datum integrates best-of-breed technology solutions with specialties in the multi-unit restaurant market. Headquartered in Sarasota, Florida with satellite offices in St. Petersburg, Phoenix, Dallas and Los Angeles, Datum serves more than 3,700 active locations. There are currently over 162,000 client employees supported by Datum’s technology center 24 hours a day, 7 days a week, 365 days a year. For more information, visit http://www.datumcorporation.com.

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Brittany Elder
Datum Corporation
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