Our Press Archives

Buyers Edge Platform Acquires Parsly, Expanding Their Technology Offerings for European Restaurants

Buyers Edge Platform is proud to announce its latest European acquisition—Parsly, a Swedish company that offers AI-driven procurement solutions for restaurants. This marks our fifth acquisition in Europe this year, further strengthening our technology portfolio and expanding our presence across the continent. Parsly’s cutting-edge AI technology automates procurement processes for restaurant operators, helping them save time and optimize profitability. Parsly has seen impressive growth, with over 500 restaurants using their platform, which has analyzed more than 1.3 billion SEK in purchases. By joining the Buyers Edge Platform family, Parsly will gain the resources to accelerate innovation and continue to deliver unparalleled value to restaurants across Europe. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about how this acquisition enhances our mission to revolutionize procurement in the foodservice industry through technology and partnerships.

Buyers Edge Platform Has Made a Strategic Investment in Netherlands-Based Company HosCat, Enabling Access into the Dutch and Belgium Markets

We’re excited to announce that Buyers Edge Platform has made a strategic investment in HosCat, a Netherlands-based company, marking its entry into the Dutch and Belgium markets. This investment is part of our continued expansion in Europe, following several acquisitions across the continent, including in the UK, Germany, and Sweden. HosCat’s expertise in hospitality and back-office solutions will combine with Buyers Edge Platform cutting-edge technology and procurement power, creating a valuable partnership that will offer significant savings and efficiency improvements for foodservice businesses in the region. This move aligns with the broader Buyers Edge Platform strategy of building the largest Digital Procurement Network in Europe, providing unparalleled value and support for foodservice operators across multiple countries. With shared values focused on customer success, both Buyers Edge Platform and HosCat are set to transform the procurement landscape in the Dutch and Belgium markets. Read the full press release here!

Buyers Edge Platform Expands European Footprint with Acquisition of German Foodservice Leader S&F-Gruppe

Buyers Edge Platform is excited to announce its latest strategic acquisition—S&F-Gruppe, a leading foodservice group in Germany. This acquisition marks a significant milestone in our rapid expansion across Europe, following previous acquisitions in the UK and Sweden. With S&F-Gruppe now part of the Buyers Edge Platform family, we are poised to revolutionize procurement practices in Germany, the largest market in Europe. This move aligns with our broader strategy to create the largest Digital Procurement Network in Europe, offering unparalleled value and innovation to foodservice businesses across the continent. Our commitment to transforming procurement through cutting-edge technology and strategic partnerships is stronger than ever. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about this exciting development and how it aligns with our broader strategy!

Unlock Efficiency and Growth with Buyers Edge Platform Foodservice Technology

The foodservice industry thrives on efficiency, and Buyers Edge Platform Foodservice Technology is designed to help you achieve it, but navigating the landscape can feel like a maze. Data silos, manual processes, and fragmented systems slow you down and hinder valuable insights. The lack of unified data makes it impossible to see the big picture and make informed decisions With so many solutions available, exploring the foodservice technology landscape can be overwhelming. At Buyers Edge Platform, we understand the critical need for unified spend management software and back-office tools. We offer a powerhouse trio of technology solutions designed to streamline your operations and empower informed decision-making: ArrowStream InsideTrack Back Office Each brand tackles a distinct aspect of your operational needs, but together they form a comprehensive system to unlock efficiency and propel growth across your entire foodservice business. Let’s explore the specific benefits each brand brings to

Buyers Edge Platform Completes a $1.1 Billion Recapitalization to Accelerate the Next Phase of Growth

Successfully Closes Oversubscribed $560M Term Loan B and $130M Revolving Credit Facility Waltham, MA – May 16, 2024 – Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced it has completed a $1.1B recapitalization to support its continued growth through the successful closing of a $560M Term Loan B maturing in 2031 and a $130M revolving credit facility maturing in 2031 (“new credit facilities”). The new credit facilities build on the Company’s $425M preferred equity investment secured from a consortium led by General Atlantic Credit’s Atlantic Park Fund, alongside funds managed by Blackstone Tactical Opportunities and investment funds managed by Morgan Stanley Tactical Value, announced in April 2024. Buyers Edge’s Term Loan B transaction represented the tightest pricing for any debut deal by technology companies since November 2021 and financing was well oversubscribed due to strong demand. The proceeds from the Term

Buyers Edge Platform Solutions for Foodservice Excellence in 2024

The recent 2024 State of the Restaurant Industry report by the National Restaurant Association paints a vivid picture of the challenges faced by foodservice operators today. However, there is hope on the horizon. As forward-thinkers, Buyers Edge Platform understands the pulse of the industry and recognizes the need for innovative solutions to address these challenges head-on. Let’s explore the benefits of leveraging the power of Buyers Edge Platform, which combines our Digital Procurement Network, Fresh Solutions, Supply Chain Management, and SaaS Solutions. With the foodservice industry projected to reach $1 trillion in sales in 2024, staying ahead in the competitive landscape is crucial. Our Digital Procurement Network streamlines the procurement process, providing operators with a centralized platform to source quality supplies and ingredients at competitive prices. By optimizing purchasing efficiency, operators can enhance their profit margins and focus on delivering exceptional culinary experiences to their customers. The projected growth

Increase Buying Power: GPO vs. Buying Group

To reduce costs, gain a competitive edge, and optimize operations, foodservice operators often turn to either a Group Purchasing Organization (GPO) or a Buying Group. These entities share a common goal: helping businesses harness their collective buying power to secure cost savings and a range of other benefits when procuring goods and services. Let’s dive deeper into the specifics of each choice to help you understand which option aligns better with your procurement needs and objectives: What is a Group Purchasing Organization or GPO? A Group Purchasing Organization (GPO) is an entity that negotiates contracts with suppliers on behalf of its member businesses. These contracts typically cover a wide range of products and services, such as medical supplies, office equipment, or industrial materials. What is a Buying Group? A Buying Group, also known as a Purchasing Cooperative or a Cooperative Buying Group, is an organization formed by independent

Buyers Edge Platform Launches Back Office, One-Stop-Shop for Restaurants to Manage Food Costs and Automate Back Office Operations

WALTHAM, Mass., March 6, 2023 /PRNewswire/ — Buyers Edge Platform, the leading foodservice procurement platform with more than $35 billion in transactional volume, announced the launch of Buyers Edge Back Office, a one-stop-shop solution for restaurant operators to manage food costs and automate their back-office operations. The restaurant segment is specialized and needs back-office software that is built specifically for them. Historically, legacy back-office solutions have not been very user friendly or built with the operator in mind. The need for data-driven technology solutions that help restaurants cut food costs, increase operational effectiveness, and ultimately increase profits has grown as a result of the current economic conditions in the hospitality sector. While operators invested in numerous solutions to gain visibility into their purchasing habits during Covid, restaurants are ready to minimize that tech stack. The majority of restaurants are searching for a solution that is designed to address the specific revenue, cost of goods, and labor

Buyers Edge Platform Acquires ArrowStream, a Leading SaaS Provider

Adds the fastest growing foodservice supply chain management software provider with a $35 billion network to drive further efficiency, collaboration, and transparency. WALTHAM, Mass., Aug. 3, 2022 /PRNewswire/ – Buyers Edge Platform (“Buyers Edge”), a leading digital procurement platform with more than $20 billion in total foodservice spend under management, today announced the acquisition of ArrowStream, a leading provider of supply chain management Software-as-a-Service (“SaaS”) to the foodservice industry. Emerging from what has been one of the most challenging periods in foodservice history, distributors, suppliers, and operators are facing inflation, commodity shortages, climate change concerns, shifting consumer demand, and production delays. This backdrop has increased the need for data-driven technology solutions that can ease the pain, lower food costs, and improve margins. ArrowStream’s powerful software enables clients to proactively capitalize on data to improve their supply chain operations. ArrowStream’s software addresses mission-critical challenges in brand protection, supply monitoring, profitability optimization, and sales growth enablement across the foodservice

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