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Birchstreet Systems Announces Investment From Parthenon Capital

Jan 27, 2022•over 3 years ago
Las Vegas

Description

BirchStreet Systems (“BirchStreet” or the “Company”), a leading provider of procure-to-pay software to the hospitality sector, today announced an investment from Parthenon Capital (“Parthenon”), a leading growth-oriented private equity firm with deep technology and payments investing experience. Parthenon’s investment, in conjunction with existing investor Serent Capital, will further accelerate BirchStreet’s growth as the Company continues to deliver innovative solutions to its customers within the procure-to-pay software suite. Terms of the transaction were not disclosed.

Company Information

Company

Birch Street

Location

Las Vegas, Nevada, United States

About

Founded in 2002, BirchStreet is the leading provider of procure-to-pay solutions for the hospitality sector. BirchStreet’s software platform provides its customers with a full suite of procurement applications, including eProcurement software, accounts payable automation, invoice management, inventory management, recipe management, supplier payments, and reporting and analytics. BirchStreet’s customers leverage the company’s solutions to access a broad network of suppliers and manage billions of dollars of spend annually across a wide variety of categories, including food and beverage, operating supplies, maintenance services and capital projects.