PlumTree Partners Announces Investment in BirchStreet Systems [inactive]
PlumTree Partners, a Dallas-based private investment firm that focuses on middle market technology-enabled business services companies co-founded by Jeff Rich, former CEO of Affiliated Computer Services, and Todd Furniss, former President and COO of Evere
"In such a rapidly growing sector, we believe that BirchStreet's value proposition is unique and very timely. Helping customers manage cost, quality and compliance creates very identifiable savings. Good management demands these kinds of controls at all times, but particularly in difficult economic times," said Jeff Rich, Managing Director. "With more than 2,000 hotels and restaurants already using its purchasing technology, BirchStreet has proven to satisfy those needs."
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, J ohn 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.
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
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Contact InformationPlumTree Partners, LLC
Contact InformationFor BirchStreet Systems, Inc.
Phone: 214 215 8605