BirchStreet Systems (BirchStreet) a provider of procure-to-pay software to the hospitality sector, has secured an investment from Parthenon Capital (Parthenon), a growth-oriented private equity firm with deep technology and payments investing experience.
BirchStreet Systems (BirchStreet) a provider of procure-to-pay software to the hospitality sector, has secured an investment from Parthenon Capital (Parthenon), a growth-oriented private equity firm with deep technology and payments investing experience.
Terms of the investment, which Parthenon made in conjunction with existing investor Serent Capital, have not been disclosed.
Founded in 2002, BirchStreet’s software platform powers procurement and supplier payments programmes for hospitality brands. Approximately 100,000 users at more than 13,000 customer locations leverage the Company’s platform and broad ERP and accounting system integrations to manage billions of dollars of spend across a wide variety of categories, including food and beverage, operating supplies, maintenance services and capital projects.
