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BirchStreet Systems completes acquisition of ReactorNet Technologies to boost growth in the Select Service Hotel segment

Mar 05, 2024•almost 2 years ago

Acquiring Company

BirchStreet Systems

Acquired Company

ReactorNet Technologies

Las VegasSan AntonioHospitalitySoftwareHospitalitySoftwareAnalytics

Description

BirchStreet Systems, a leading global provider of enterprise procure-to-pay solutions for the hospitality sector, has successfully acquired ReactorNet Technologies. This strategic acquisition accelerates BirchStreet's growth within the select service segment of hotel management and enhances its ability to provide value to all its customers.

Company Information

Company

BirchStreet Systems

Location

Las Vegas, Nevada, United States

About

BirchStreet Systems is a leading global provider of enterprise procure-to-pay solutions for the hospitality sector. Founded in 2002, it offers a full suite of procurement applications, including eProcurement software, accounts payable automation, invoice management, inventory management, recipe management, supplier payments, and reporting and analytics.

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