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Follow on Google News | PlumTree Partners Announces Investment in P2P Technology Provider BirchStreet SystemsPlumTree Partners, a Dallas-based private investment firm that focuses on middle market technology services companies, announced its investment in BirchStreet Systems, the leading provider of hospitality industry.e-procurement software.
By: BirchStreet Systems & PlumTree Partners In addition to its investment of growth capital, PlumTree Partners will serve as a resource to BirchStreet and its leadership team in strategy, sales and operations. PlumTree will also serve as BirchStreet’ “In such a rapidly growing sector, we believe that BirchStreet’ BirchStreet CEO John F. Davis III, noted, “I’ve known Jeff Rich and Todd Furniss to be insightful thought partners with extensive contacts. As industry experts with remarkable successes and deep experience, they have already brought significant value to BirchStreet by helping me and my colleagues think through a number of issues from the most strategic to the most tactical. What might otherwise require weeks or months of detailed research, Jeff and Todd can frequently solve in minutes.” “With so much market opportunity, John Davis is the right person to be leading this organization given his depth of hospitality industry knowledge, reputation, and contacts. This is the type of investment we like to make given its visionary leadership, market positioning and growth profile,” said Todd Furniss, PlumTree Managing Director. “We look forward contributing to John, his team and our fellow shareholders to advance a model of consistent growth and excellent customer service.” About PlumTree Partners PlumTree Partners, LLC, based in Dallas, Texas, is a privately held investment firm. It specializes in providing value added growth capital to the business services sector, commonly referred to as business process outsourcing, information technology outsourcing, knowledge process outsourcing and software as a service. The founders have a 20-year track record of building companies in this sector. For more information, visit www.PlumTreePartners.com. NOTE to EDITORS: Photos available upon request. Contact Information PlumTree Partners, LLC Carol Anderson 214.615.8680 canderson@plumtreepartners.com www.PlumTreePartners.com Contact Information For BirchStreet Systems, Inc. Karin Wacaser 214.215.8605 birchstreet@ www.BirchStreetSystems.com # # # About BirchStreet Systems As a recognized leader in the hospitality market, BirchStreet provides its Web-based e-procurement platform to restaurants, country clubs and some of the world’s largest hotel companies including Hilton Hotels, Hyatt Hotels, InterContinental Hotels & Resorts, Omni Hotels, Interstate Hotels and Resorts, and Carlson Hospitality. Currently, more than 2,000 hotels and restaurants in 25 countries utilize BirchStreet to access and manage more than 130,000 suppliers, processing more than $1.5 billion in purchasing transactions annually. BirchStreet is privately held and has offices in Newport Beach, California, New Delhi, India, and Dallas, Texas. For more information, visit www.BirchStreetSystems.com End
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