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LAS VEGAS – BirchStreet Systems, a leading global provider of procure-to-pay solutions for hospitality businesses, today announced the acquisition of ReactorNet Technologies, a provider of business spend management software and related solutions to the hospitality industry. This acquisition strengthens BirchStreet’s influence in the hotel management selected service field, further enhances BirchStreet’s leadership position in the hotel industry, and also provides new vertical growth opportunities.
Founded in 2000 and headquartered in San Antonio, Texas, the ReactorNet platform supports over 4,000 customer locations and 16,000 unique users with over $2.0B in annual customer spend. Its solutions provide core capabilities such as procurement management, accounts payable automation, capital project management, inventory management, recipe management, and reporting and analytics. ReactorNet’s active management shareholders will continue to operate ReactorNet after closure as BirchStreet’s select service offering in the hospitality industry.
We welcome ReactorNet customers to the BirchStreet community and remain committed to helping hotel brands operate more efficiently, make data-driven purchasing decisions and create profitable business results,
said BirchStreet CEO John Fay. The addition of ReactorNet’s technology, people and expertise enhances our ability to deliver value to all of our customers.
Anita Watts, co-founder of ReactorNet, said: “We are excited to join the BirchStreet family. The resources of BirchStreet and its investors will allow us to accelerate the innovation of products and services to meet the complex needs of our growing customer base. We have found a Partners who share our values, culture and commitment to customer success.”
BirchStreet helps hundreds of enterprise customers successfully transform and streamline their procurement operations,
said Brendan Reidy, Chairman of the BirchStreet Board of Directors. With the addition of ReactorNet, we see a meaningful opportunity to expand BirchStreet’s presence into the fastest growing segment of the hospitality industry and create a unique value proposition for select service hotels.
About the BirchStreet System
Founded in 2002, BirchStreet is the world’s leading provider of purchase-to-pay solutions for the hotel industry. BirchStreet’s software platform provides the world’s leading hotel brands with a full suite of procurement applications, including e-procurement 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 an extensive network of suppliers and manage billions of dollars in annual spend across a variety of categories, including food and beverage, operating supplies, maintenance services and capital projects. For more information, please visit www.birchstreetsystems.com.
About ReactorNet
Founded in 2000, ReactorNet is a leading provider of business spend management software and related solutions to the restaurant, entertainment and healthcare industries. Through its EPRO product, ReactorNet provides customers with mission-critical capabilities for managing spend and supplier relationships, including procurement management, accounts payable automation, capital project management, inventory management, recipe management, and reporting and analytics. For more information, please visit https://www.reactornet.com/.
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