Foodservice management technology company ArrowStream has acquired food energy services organisation American Restaurant Association (ARA) for an undisclosed sum.

ARA specialises in Supply Chain Data Intelligence for the US foodservice industry and supply chain including restaurants, food manufacturers, food processors and distributors.

The transaction expands ArrowStream’s portfolio with the addition of more than 200 new customers and product capabilities. Solutions to be integrated into ArrowStream’s data and technology offerings portfolio include Commodity Price Data, Analysis and Forecasting solutions, and ChainBrain.

“We’re gaining a tremendous group of industry thought leaders and technology to address these needs and serve our customers in new ways.”

ArrowStream chief customer officer Jeff Dorr said: “Foodservice organisations are constantly seeking ways to accelerate sales growth while lowering product and operational costs.

“At ArrowStream, we listen closely to our clients, and recently we’ve heard a lot about challenges finding quality suppliers, getting accurate product information and improving sourcing.

“Through ARA, we’re gaining a tremendous group of industry thought leaders and technology to address these needs and serve our customers in new ways.”

ArrowStream and ARA will offer a range of sourcing tools such as access to market price data on major commodities, expert analysis on commodity pricing trends, a web-based foodservice supplier database with data on more than 3,000 companies and RFP management solution for foodservice domains.

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ARA analytics executive vice-president David Maloni and his team will join ArrowStream.

Maloni said: “By combining ArrowStream’s supply chain data and business intelligence technology with ARA’s market intelligence and sourcing tools, we’ll infuse data into the process and consolidate critical product information, including quality and service reviews, ultimately enabling customers to easily connect with best value-added suppliers and making the sourcing process more streamlined and transparent to all parties.”