NEWPORT BEACH, CA – BirchStreet Systems, the leading cloud based procure-to-pay technology provider for the hospitality industry, announced its acquisition of AccuBar, a leading cloud based, mobile enabled beverage inventory software solution provider. This combination unites the best-in-class technologies, people and expertise serving the hospitality, bar and restaurant industries.

"We are thrilled to welcome AccuBar's team and their customers to BirchStreet. AccuBar shares our vision of innovation in creating better processes to enhance our customer's profitability and efficiency," stated Sushil Garg, CEO of BirchStreet. "By combining our solution sets, both BirchStreet and AccuBar customers will have access to a broader set of options and functionality."

AccuBar's customers will now have access to an end-to-end solution from inventory to automatic ordering and replenishment. The patented AccuBar beverage inventory, digital menus and barcode scanning technology will add a new breadth and depth of functionality to BirchStreet's procure-to-pay (P2P) platform. Like BirchStreet, AccuBar has over 15 years of experience serving the hospitality, restaurant, casino and club industries.

The AccuBar team will join BirchStreet as valuable and key employees who will continue to drive BirchStreet's P2P products and services. "We are bringing together the best-of-breed beverage and food technologies. This will provide greater value to the industry as we move forward," stated Dan Grimm, President of AccuBar.

Customers responded enthusiastically to the integration of BirchStreet and AccuBar. "Combining the best procure-to-pay automation system with AccuBar's innovative beverage management system is an ideal situation for our hotel operations," said Linda Gandel, Director of Procurement & Corporate Standards at Scout Hotel & Resort Management. "Integrating both technologies will not only increase our profit margins, it will further drive savings and efficiencies. We will have additional visibility into F&B sales and increase key inventory metrics."

"Using BirchStreet and AccuBar, the Balboa Bay Club processes have gained efficiencies that have impacted our bottom line. Now that they are coming together, it will be even easier to take advantage of their benefits. As the market leader, we recommend other hotels and restaurants to take a look," stated Danette Perrotta, Director of Finance at Balboa Bay Club.

About BirchStreet Systems

Founded in 2002, BirchStreet is the leading global provider of enterprise procure-to-pay solutions for the hospitality sector. BirchStreet's software platform provides leading global hospitality brands with a full suite of procurement applications, including eProcurement 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 a broad network of suppliers and manage billions of dollars of spend annually across a wide variety of categories, including food and beverage, operating supplies, maintenance services and capital projects. For more information, please visit www.birchstreetsystems.com.

Theresa Kim
Marketing & Events Manager
949-567-7040