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New Deal


Announced

Buyers Edge Platform to acquire RASI.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Pending

payroll administration

United States

Business Process Outsourcing

Friendly

Majority

Private

accounting services

operational management

Domestic

Synopsis

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Buyers Edge Platform, a digital procurement platform, agreed to acquire Restaurant Accounting Services, an accounting and operational management services provider. Financial terms were not disclosed. "We are ecstatic about welcoming the RASI team and technology into the Buyers Edge Platform! Traditionally, restaurant software has been siloed into only performing one specific function, so the restaurants have been forced to piecemeal their tech stack with systems that don't connect efficiently and are not truly built with foodservice operations in mind. The RASI software completes a major component in the Buyers Edge Back Office, which has been under development for many years," John Davie, Buyers Edge Platform CEO.

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