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Our track record of reinvestment is very strong, not just because our business already generates high returns on invested capital, but more specifically recall that we launched SpoiledChild with around $20 million of up-front investment. And as I mentioned, we launched Spoiled with $20 million of upfront investment.
In addition to signing new customers, we renewed and expanded with our existing restaurant customers this quarter, including a leading restaurant conglomerate in the U.S., Sainsbury's is a great example of how a customer can realize a fast payback on its investment when converting to the platform.
But there is inherently a trade-off between growth rates and return on invested capital. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Sometimes, we need it, and we actually may sort of work to get it to happen.
From there, Berkshire acquired more and more utilities and renamed the energy conglomerate Berkshire Hathaway Energy, spanning several utilities across the Western and Midwestern U.S., For a guaranteed return on a large amount of capital deployed. as well as the U.K. and Canada. Why did Buffett like utilities?
For example, a multinational conglomerate customer saw a 45%% reduction in live chats from July to December with Now Assist, and the company is now targeting to targeting to save millions by the end of 2025. Does it have the return on investment that customers need to say yes? So, they're really on their tippy toes.
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