|By Marketwired .||
|May 7, 2014 03:58 PM EDT||
SEATTLE, WA--(Marketwired - May 07, 2014) - MOD Pizza announced today that it has successfully raised over $15 million from private investors to support an accelerated expansion of the brand. In addition, the company announced that it will be opening stores in three new markets this summer -- the San Francisco Bay Area, Phoenix and Houston -- along with adding new locations in Seattle and Los Angeles. MOD plans to open seven new stores by the end of August, bringing the total number of MOD locations to 23. The company has a significant pipeline of additional openings planned for this fall -- specific details on the fall openings will be shared later this year.
The following locations are slated for opening by the end of August 2014:
- San Jose, California, July 2014
- North Hollywood, California, July 2014
- Phoenix, Arizona -- 2 stores, July and August 2014
- Houston, Texas, August 2014
- Newbury Park (LA), California, August 2014
- Maple Valley, Washington, August 2014
"As we begin to introduce the MOD brand to new markets across the US, we feel it is important to build a significant base of company-owned stores," explained Scott Svenson, co-founder and CEO. "We are a culture driven business, and opening a significant number of company stores is the best way for us to refine the process for extending the MOD culture into new markets. We are thrilled to have attracted the capital required to accelerate our growth and build the foundations for our expansion across the US."
The current funding was provided by existing shareholders and a high caliber group of value-add private investors, many of whom have extensive industry experience. The total capital raised to date by MOD now exceeds $26 million.
"The team has invested over five years preparing to turn MOD into a national brand. Building a people-centered culture that will differentiate the MOD experience, while introducing the habits of operational excellence and putting in place a best-in-class team of executives, advisors and shareholders takes time," shared Jim Alling, MOD shareholder and board member, former President of Starbucks and current Chief Operating Officer of T-Mobile. "It has been a pleasure to watch the MOD team as they have systematically prepared MOD for the exciting period of growth that lies ahead."
"The experience people have come to expect when they step into a MOD is what will set us apart as we grow," explained Scott Svenson. "MOD is about so much more than just great pizza. We look forward to making our own unique mark on the fast casual sector as we expand across the country."
About MOD Pizza
MOD pioneered the "build your own pizza" concept in 2008 and currently operates 16 company-owned stores in Washington, Oregon and California. Founded by Scott and Ally Svenson, MOD was inspired by the couple's love of Italian street-style pizza, their desire for authentic, affordable and fast dining options for their busy family and the idea that a great company could be built around people. The Svensons bring their experience from building two highly successful concepts -- Seattle Coffee Company and Carluccio's. They launched Seattle Coffee Co in London in 1995, growing the brand to 65 company-owned stores before being acquired by Starbucks in 1998 after which Scott assumed the role of President, Starbucks Europe. In 1999, they co-founded Carluccio's, an award-winning Italian deli-café concept that went public in the UK in 2005. MOD's team of advisors and executives bring additional experience from iconic brands such as Starbucks, Apple, Panera, Disney, T-Mobile, Dunkin Donuts, Qdoba, McDonald's and Schwartz Brothers Restaurants.
MOD is committed to creating not just a cool place to eat, but an inspired place to work. The company has been recognized as one of the "Top 50 Breakout Brands" by Nations Restaurant News and ranked as a "Fastest Growing Company" and "Best Places to Work" by the Puget Sound Business Journal.
MOD's artisan-style pizzas are Made-On-Demand (MOD), using organic fresh-pressed dough and signature sauces. Customers can create their own pizzas and salads, using any combination of 30 featured toppings, or they can choose from a menu of MOD classics. Pizzas and salads are the same price regardless of the number of toppings. Pizzas are hand-cooked in an 800 degree oven in less than 3 minutes and salads are hand-tossed in front of the customer. MOD also offers local draft beers, wine, sweet and savory knots, milkshakes, and house-made lemonades and iced teas. www.modpizza.com
The following files are available for download:
- MOD Pizza - MOD Squad
- MOD exterior image
- Scott Ally Svenson - MOD Pizza 2
- MOD Pizza Interior
- MOD Pizza
- MOD Pizza exterior
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 25, 2016 04:15 AM EDT Reads: 2,388
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
Jul. 25, 2016 04:15 AM EDT Reads: 1,816
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 04:00 AM EDT Reads: 1,170
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Jul. 25, 2016 04:00 AM EDT Reads: 1,835
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 25, 2016 03:45 AM EDT Reads: 2,145
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Jul. 25, 2016 03:15 AM EDT Reads: 985
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Jul. 25, 2016 03:15 AM EDT Reads: 801
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 25, 2016 01:45 AM EDT Reads: 1,213
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 25, 2016 01:30 AM EDT Reads: 1,248
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 01:00 AM EDT Reads: 1,629
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Jul. 25, 2016 12:45 AM EDT Reads: 2,157
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 25, 2016 12:30 AM EDT Reads: 1,874
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 25, 2016 12:15 AM EDT Reads: 2,483
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 12:15 AM EDT Reads: 1,429
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 11:30 PM EDT Reads: 1,263