US Foods Acquires Food Genius
ROSEMONT, IL - US Foods remains active, this time with the acquisition of Food Genius, a leading provider of foodservice data and analytics.
“Our core technologies are built for a single purpose, providing consistent and predictable structure on top of what is normally inconsistent datasets in foodservice,” said Jason Felger, CEO of Food Genius, in a press release. “We’re all very excited to be a part of US Foods mission of being first in food!”
It is an interesting strategic move for the foodservice provider, who as we previously reported, has been looking to go public with a $100 million IPO that has not yet been finalized.
According to the companies, Food Genius’ team members will join US Foods as part of the acquisition, bringing with them technology applications focused exclusively on foodservice.
Food Genius stated that these applications simplify the interactions needed to transform large-scale, unstructured data to “application-ready datasets and actionable insights.”
The financial terms of the deal were not disclosed, nor the official date that the acquisition goes into effect.
With what looks like further plans on the horizon, keep checking in with AndNowUKnow as we track big moves from US Foods and other growing distributors.
