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Buyers Edge Platform completes acquisition of My Purchasing Partner in the UK to expand Digital Procurement Network

Sep 10, 2024•over 1 year ago

Acquiring Company

Buyers Edge Platform

Acquired Company

My Purchasing Partner

WalthamYorkHospitalityFood and Beverage

Description

Buyers Edge Platform, the leading software and analytics company serving the foodservice industry, has announced the acquisition of My Purchasing Partner in the UK. This acquisition is a strategic move to expand the Digital Procurement Network in Europe, aligning with the company's mission to revolutionize procurement practices and empower businesses across the continent.

Company Information

Company

Buyers Edge Platform

Location

307 WAVERLEY OAKS ROAD, SUITE 401

Waltham, Massachusetts, United States

About

Buyers Edge Platform is the foodservice procurement platform providing data-driven insights and technology to the foodservice industry. Buyers Edge Platform connects entities throughout foodservice and empowers them to run their businesses more efficiently by leveraging data and analytics. Buyers Edge Platform's mission is to drive the foodservice industry from manual to automated with programs that benefit all stakeholders across the supply chain.

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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