Buyers Edge Platform Strengths, Domain Expertise, and Key Differentiators
In the highly competitive foodservice industry, Buyers Edge Platform stands out with its powerful combination of advanced software and data analytics, revolutionizing the sector by driving operational efficiency and cost savings. Through seamless integration of diverse stakeholders and cutting-edge technology, Buyers Edge Platform empowers foodservice businesses to make informed, data-driven decisions, enhancing both their procurement processes and overall operational performance. With its strong focus on innovation, the company leverages actionable insights to deliver tangible value, making it a key player in the industry's digital transformation.
Buyers Edge Platform Recent Developments
In April 2024, Buyers Edge Platform secured a $425M preferred equity investment led by General Atlantic Credit, Blackstone Tactical Opportunities, and Morgan Stanley Tactical Value. This funding will support the company's growth through platform innovation, strategic M&A, and European expansion. Leveraging over $60B in aggregated spend volume, Buyers Edge Platform provides technology-driven solutions to optimize costs and streamline supply chains for over 200,000 restaurant operators. The investment will accelerate their global expansion, enhancing efficiency and value across the foodservice industry.
In recent years, Buyers Edge Platform introduced Buyers Edge Back Office, a powerful solution designed specifically for restaurant operators. This comprehensive tool offers a seamless, user-friendly experience for managing food costs and back-office operations, providing businesses with the insights and efficiency needed to optimize their operations and drive profitability. With a focus on streamlining processes, it empowers restaurant owners to make data-driven decisions, improving cost control and operational effectiveness in a highly competitive market.
Buyers Edge Platform Mergers and Acquisitions (M&A) Activities
In October 2024, Buyers Edge Platform acquired Parsly, a Swedish AI-driven procurement solution for restaurants, marking its fifth European acquisition of the year. Founded in 2021, Parsly helps restaurants optimize procurement costs autonomously, boosting profitability. With over 500 users and 1.3 billion SEK in purchases analyzed, this acquisition strengthens Buyers Edge’s European presence and expands its technology offerings, aligning with its mission to provide advanced procurement solutions to the foodservice industry.
In September 2024, My Purchasing Partner (MPP), a UK-based procurement firm, was acquired by US-based Buyers Edge Platform as part of its European expansion. MPP, specializing in food and non-food procurement for industries like hospitality and healthcare, will now combine its UK expertise with Buyers Edge’s technology and buying power to further enhance procurement practices across Europe.
In February 2023, Buyers Edge Platform acquired Svenska Krogare AB, a leading provider of Group Purchasing services to Sweden's hospitality industry. This acquisition enables Svenska Krogare AB's partners and members to tap into an expanded range of procurement opportunities and innovative technology solutions, enhancing their ability to make more data-driven, profitable purchasing decisions. Building on its initial investment in 2020, Buyers Edge Platform is now strategically positioned to strengthen its presence in Sweden and leverage this foundation for further expansion across Europe.
In December 2022, Buyers Edge Platform strengthened its position in the foodservice industry with the acquisition of Restaurant Accounting Services Inc. (RASI). This strategic move enables Buyers Edge to offer more comprehensive solutions that address the unique challenges of restaurant operators, empowering them to optimize food costs, streamline operations, and enhance profit margins through advanced tools and insights tailored specifically for the foodservice sector.
Buyers Edge Platform Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Buyers Edge Platform applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Buyers Edge Platform and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Buyers Edge Platform, PayStream, Buyers Edge Purchasing customers.
Buyers Edge Platform Overview
307 Waverley Oaks Road, Suite 401
Waltham, MA, 2452, United States
1 617-275-8430
https://www.buyersedgeplatform.com/
Ownership: - x
Number of Employees: 1000
Functional Markets: Analytics and BI, CRM, ERP Financial, HCM, Procurement, SCM,
Key Verticals: Construction and Real Estate, CPG, Distribution, Education, Healthcare, Leisure and Hospitality, Manufacturing, Retail, Transportation,
Buyers Edge Platform Key Enterprise and Cloud Applications
Buyers Edge Platform, PayStream, Buyers Edge Purchasing
Buyers Edge Platform Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Buyers Edge Platform Revenue Breakdown By Type, $M:
Buyers Edge Platform Enterprise Applications Revenues By Functional Markets, $M:
Buyers Edge Platform Enterprise Applications Revenues By Verticals, $M:
Buyers Edge Platform Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Buyers Edge Platform Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Buyers Edge Platform Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Buyers Edge Platform Customers
No. of Buyers Edge Platform Customers: 20000
No. of Buyers Edge Platform Enterprise Applications Customers: x
No. of Buyers Edge Platform Cloud Customers: x
No. of Buyers Edge Platform Cloud Subscribers: x
Buyers Edge Platform serves an impressive network of over 20,000 customers, ranging from independent operators to major industry leaders such as Chick-fil-A, Denny's, and The Cheesecake Factory. Through its innovative digital procurement solutions, the platform helps foodservice businesses streamline their operations, optimize purchasing decisions, and enhance profitability. With a comprehensive suite of data-driven tools and advanced technology, Buyers Edge Platform empowers restaurant operators, suppliers, and distributors to make smarter, more efficient decisions that drive cost savings and operational excellence. By continually innovating and expanding its offerings, Buyers Edge Platform is reshaping the way the foodservice industry approaches procurement, creating long-term value for its diverse network of customers.
Buyers Edge Platform Market Opportunities, M&A and Geo Expansions
In the coming years, Buyers Edge Platform is poised to capitalize on the ongoing digital transformation, leading the shift from manual to automated processes across the foodservice supply chain. By offering tailored programs that enhance operational efficiency and profitability, the company is uniquely positioned to further expand its influence, leveraging a vast network of over 60,000 operator locations. With its ability to scale rapidly and provide unparalleled resources, Buyers Edge Platform is primed to drive even greater innovation and offer businesses new opportunities for growth and optimization in an increasingly data-driven landscape.
Buyers Edge Platform Risks and Challenges
As Buyers Edge Platform continues to expand its digital procurement offerings, it faces significant risks related to its reliance on robust technology infrastructure. Potential disruptions, including technical glitches, cyberattacks, or system downtime, could compromise the platform’s ability to deliver seamless service to customers. Additionally, the platform processes sensitive purchasing data from restaurant operators and suppliers, making it vulnerable to data privacy and security breaches. Any failure to safeguard this data could not only lead to financial losses but also severely damage its reputation, eroding customer trust and confidence in its ability to protect valuable business information.
Buyers Edge Platform Ecosystem, Partners, Resellers and SI
In April 2023, DAVO by Avalara partnered with Buyers Edge Platform - Back Office to deliver a powerful suite of data-driven technology solutions designed specifically for the hospitality industry. This collaboration marks a pivotal advancement in streamlining restaurant tech stacks, enabling operators to drive growth by enhancing operational efficiency, improving profitability, and leveraging actionable insights for smarter decision-making. The partnership combines best-in-class technologies to empower restaurant operators with the tools they need to stay competitive and thrive in an increasingly data-driven marketplace.
Buyers Edge Platform operates within a robust digital procurement ecosystem, relying on advanced technology infrastructure to seamlessly deliver services to its extensive customer base. With the platform’s critical role in managing sensitive purchasing data for restaurant operators and suppliers, maintaining secure, reliable systems is essential. Any disruption—whether from technical issues, cyberattacks, or system downtime—could significantly affect operational effectiveness. Given the volume of sensitive data processed, ensuring data privacy and security is a top priority, as breaches could lead to financial losses, reputational damage, and a loss of customer trust, highlighting the need for continuous innovation and robust safeguards within its ecosystem.top priority, as breaches could lead to financial losses, reputational damage, and a loss of customer trust, highlighting the need for continuous innovation and robust safeguards within its ecosystem.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
