Newport Beach, CA – August 25, 2014 – BirchStreet Systems, headquartered in Newport Beach, CA and the leading cloud-based provider of procure-to-pay software systems for the hospitality industry, announced its acquisition of Brilliant Aquarius Technologies with offices in both Shanghai and Chengdu, China and in Singapore. With over 7,000 contracted properties worldwide and the growing hospitality sector in Asia, BirchStreet has strategically positioned itself to better serve and support its customers as the region grows.
“BirchStreet welcomes Brilliant Aquarius Technologies into the company. We are excited to extend our services and support to an even higher level in Asia, as well as support the tremendous growth the region is experiencing,” stated Sushil Garg, CEO at BirchStreet. According to research, China’s hotel industry is seeing explosive growth as a $44 billion dollar business with over 2.5 million rooms. It is expected to grow to a $100 billion dollar industry with 6.3 million rooms over the next ten years. BirchStreet’s cutting-edge technology and functionality helps many industries improve their business processes for procurement, accounts payable, inventory, recipe management, reporting and capital budget management.
With the acquisition, the offices in Asia will offer sales, configuration, implementation, project management, training and support for customers based primarily in China, Hong Kong, Singapore and Japan. The company has vast expertise in cloud-based procure-to-pay software solutions for the hospitality industry and will therefore help streamline operations for customers based throughout Asia.
ABOUT BIRCHSTREET SYSTEMS, INC.:
BirchStreet Systems, Inc. provides global enterprises with a complete procure-to-pay business solution deploying a SaaS model using cloud-based technology. BirchStreet software focuses on improving business processes by integrating eProcurement, AP Automation, Inventory Control, Spend Analytics, Recipe Management System and Capital Budget Management modules to support the hospitality industry. Thousands of businesses in 78 countries currently subscribe to BirchStreet to connect and do business with a network of more than 200,000 suppliers. Established in 2002, BirchStreet is privately held and is headquartered in Newport Beach, California with offices in Singapore, China and India. For more information, please visit www.birchstreet.net.
 A.T. Kearney, “China’s Hospitality Industry – Rooms for Growth.” April 2013.