Business Services Industry
MapInfo® Location Intelligence is Key Ingredient to Krystal Company's Recipe for Success; One of America's Largest Quick Service Restaurant Chains Leverages MapInfo Location Intelligence Technology for Enhanced Site Selection
Business Wire, May 17, 2006
TROY, N.Y. -- MapInfo Corporation (NASDAQ: MAPS), the leading global provider of location intelligence solutions, today announced that The Krystal Company uses MapInfo's services and technology solutions to enhance the restaurant chain's site selection and brand awareness efforts. Using MapInfo location intelligence solutions, The Krystal Company better understands its customers, identifies new potential markets, projects the potential impact of competition on new sites and rolls out new locations with a more scientific and accurate approach.
Serving customers for more than 74 years, The Krystal Company has grown from a single restaurant into a multi-million dollar restaurant chain, occupying the Southeast with more than 418 restaurants in 12 states. In an effort to succeed in a recent multi-store roll out, The Krystal Company turned to MapInfo to help determine the best site selection strategy for its new restaurant locations. Among the solutions it delivered, MapInfo devised a Sales Forecasting System for Krystal in order to quantify the key demographic, competitive and site factors impacting restaurant performance to assess the potential revenue and profitability of future stores.
"The MapInfo Sales Forecasting System enables Krystal to project the performance of any location--existing or new, franchised or company owned," said Gary Greve, real estate director for The Krystal Company. "By marrying customer and competitive profiles with the ability to perform 'what-if' analyses for variable site characteristics, MapInfo provides Krystal with the tools to test a range of deployment scenarios within a given market, and quickly pinpoint the most profitable sites. MapInfo location intelligence technology has helped us greatly enhance the science and art of site selection for our brand which is absolutely crucial to our profitable future."
"Choosing the most profitable sites and gaining a better understanding of its customers are the key ingredients to success for any restaurant or store," said Mike Hickey, COO at MapInfo. "MapInfo location intelligence solutions help retail, restaurant, real estate and financial services institutions gain insight into their customers and markets, helping to meet critical business needs. With our software, research and services, companies like Krystal can generate detailed site-specific sales forecasts in order to identify and prioritize the best opportunities for expansion and make the optimal site selection choices."
About MapInfo Corporation
MapInfo is a global company and the leading provider of location intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, N.Y., MapInfo is on the World Wide Web at www.mapinfo.com.
MapInfo is a trademark of MapInfo Corporation and/or its subsidiaries and affiliates.
Of Note
This press release contains forward-looking statements involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of MapInfo products and integration of MapInfo products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's most recent quarterly report on Form 10-Q filed with the Securities and Exchange Commission under the heading "Risk Factors." MapInfo takes no responsibility to update any forward-looking statements.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Samsung Mobile Highlights Mobile Innovation and Leadership at International CES 2010
- Qosmos Gains Momentum with Network Intelligence Technology
- Graphic.ly Debuts in Microsoft’s Keynote Address at Consumer Electronics Show
- Research and Markets: Construction Site Supplies Market in Russia: a Comprehensive Business Report
- Research and Markets: Overview of the Business & Enterprise Application Software and Services Market in Developed Asia-Pacific
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- Using object-oriented analysis and design over traditional structured analysis and design
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions


