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Datassential Acquires Chd Expert To Bring Unparalleled Domestic And International Insights To The Food & Beverage Industry

Feb 02, 2022•almost 4 years ago

Acquiring Company

Datassential

Acquired Company

CHD Expert

ChicagoSoftware

Description

Datassential, the leading food and beverage insights platform connecting the dots between consumers and the food industry, today announced its acquisition of CHD Expert, a global provider of foodservice operator data. The acquisition solidifies Datassential's position as the world leader in foodservice data.

Company Information

Company

Datassential

Location

Chicago, Illinois, United States

About

Datassential is the leading food and beverage intelligence platform providing guidance on trends, competitive benchmarking, and sales intelligence. Through a suite of AI-powered solutions, an intuitive UI, and proprietary data, the food and beverage ecosystem relies on Datassential to more effectively develop, market, and sell their products. Founded in 2001, Datassential powers insights and sales intelligence for brands including Burger King, DoorDash, General Mills, Land O’ Lakes, Pepsi, Starbucks, Target, and more.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed