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buyefficient.com

Stage

Acquired | Acquired

About BuyEfficient

BuyEfficient is an online purchasing program dedicated to serving the hospitality industry. The company is designed to help hotel owners and operators reduce their food and beverage, operating supplies, and equipment expenses.

BuyEfficient Headquarter Location

120 Vantis Dr. Suite 405

Aliso Viejo, California, 92656,

United States

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Expert Collections containing BuyEfficient

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BuyEfficient is included in 1 Expert Collection, including Fintech.

F

Fintech

7,442 items

US-based companies

Latest BuyEfficient News

Acquisition Supports Avendra’s Growth Strategy in Current and New Markets

Oct 1, 2015

Acquisition Supports Avendra's Growth Strategy in Current and New Markets 9/30/15 Avendra, North America's leading procurement services provider serving the lodging and hospitality industries, announced that effective immediately it has acquired BuyEfficient, an online purchasing program dedicated to serving the hospitality industry, from its parent company, Sunstone Hotel Investors, Inc. "This acquisition reflects Avendra's strength in the market and is another major step in our long-term strategy to grow our business by investing in new and innovative solutions and service offerings to benefit our customers," said Wolfram Schaefer, Avendra President and Chief Executive Officer. "We are excited to serve the BuyEfficient clients and believe the combined entity provides exciting new opportunities for customers. Customers will now be able to leverage the purchasing power and service offerings of Avendra and the Ecommerce technology platform provided by BuyEfficient. " Avendra's extensive supply chain and purchasing solutions are tailored to meet the needs of its clients. The company has always supported a wide-range of Ecommerce platforms chosen by its customers, and the acquisition of BuyEfficient provides an additional purchasing platform that can be integrated for customers interested in this technology. According to Sunstone President and Chief Executive Officer, John Arabia, the sale of BuyEfficient will allow Sunstone to focus on its core business of hotel ownership. "We believe that the combination of Avendra and BuyEfficient will create a world-class purchasing platform, and we look forward to being a customer of the new entity going forward," Arabia said. About Avendra Formed in 2001, Avendra is North America's leading procurement services provider serving the hospitality and lodging industries. Avendra customers gain access to contracts leveraging over $4 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Seven thousand hospitality businesses rely on Avendra's procurement solutions to help meet their strategic business initiatives. The company is headquartered in Rockville, Maryland and has regional offices throughout North America. For more information, please call (866) AVENDRA, or visit www.avendra.com . Stories you Need to Know Stories you Need to Know It's on us. Share your news here.

  • Where is BuyEfficient's headquarters?

    BuyEfficient's headquarters is located at 120 Vantis Dr., Aliso Viejo.

  • What is BuyEfficient's latest funding round?

    BuyEfficient's latest funding round is Acquired.

  • Who are the investors of BuyEfficient?

    Investors of BuyEfficient include Avendra.

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