Buyers Edge Platform, a digital procurement platform with over $20 billion in total foodservice spend, has acquired ArrowStream, a provider of supply chain management software-as-a-service.
“We are obsessed with bringing data intelligence to foodservice customers and partners to make their jobs easier and more successful,” John Davie, Buyers Edge Platform CEO, said in a company press release. “Adding ArrowStream’s leading SaaS solutions expands our end-to-end product offering and enhances our visibility into our combined network.”
ArrowStream’s software, which addresses challenges in brand protection, supply monitoring, profitability optimization and sales growth across the foodservice supply chain, connects over 1,200 distributor locations, 10,000 suppliers and 275 brands across 105,000 restaurant locations on a single platform for collaboration. Users include Shake Shack, QSCC, Qdoba Mexican Eats, Coffee & Bagel Brands, Subway, Focus Brands and International Dairy Queen, said Raleigh McClayton, outgoing CEO of ArrowStream.
“ArrowStream has invested heavily in its people, products, and technology since Tailwind Capital acquired the business in December 2020,” McClayton said in the release. “These growth initiatives have enhanced our cloud-based platform by providing real-time visibility and intelligence into the supply chain, which allows our customers to proactively make decisions to manage their businesses. Buyers Edge clearly recognized the value of the platform investments, the opportunity to further partner with our clients around innovation, and the talent of our team.”
Jeff Dorr, president of ArrowStream and who will lead ArrowStream Software as a Buyers Edge platform company, said aligning with Buyers Edge will allow his team to deliver maximum value to customers throughout the foodservice supply chain.
“The strong combination of ArrowStream’s foodservice cloud and Buyers Edge’s data intelligence platform is perfectly positioned to address the growing needs of operators, multi-location brands, distributors, and manufacturers,” he said in the release.