This partnership will enable the combined company to help the food and beverage industry achieve greater operational efficiencies and transparency.
SALEM, Ore., Oct. 4, 2022 /PRNewswire-PRWeb/ -- ESHA Research, a global leader in nutrition analysis and regulatory compliant labeling software and services, today announced a strategic merger with FoodLogiQ, the leading SaaS provider of traceability, food safety and supply chain transparency solutions. Investment for the transaction was provided by The Riverside Company, a global private investor focused on the smaller end of the middle market.
With increased emphasis on digitizing the supply chain to improve food safety and transparency, the combination of FoodLogiQ and ESHA will offer the food industry an unmatched ability to extend product development and nutritional analysis into supplier compliance, enhanced traceability and automated recall management.
"FoodLogiQ broadens the ESHA platform and expands the universe of potential product extensions and add-on acquisitions that will be attractive to the combined company," said Riverside Senior Partner Brian Sauer. "We will continue to invest meaningfully in product innovation, sales and marketing and customer support, while closely evaluating complementary add-ons to strengthen the company."
Since 2006, FoodLogiQ has offered solutions that meet the increasingly complex global food chain and vast regulations facing all modern food companies. FoodLogiQ's technology tracks millions of data points every day and connect thousands of food companies around the world centered on its mission - to map the world's food chain, make it as safe as possible, and empower people to make informed decisions about the food they eat.
"Combined formulation management and tracking solutions are increasingly critical to achieving greater operational efficiencies and transparency throughout the entire food supply chain," said Craig Bennett, CEO of ESHA. "Partnering with FoodLogiQ will give us the opportunity to offer a more accurate and seamless transfer of data throughout an organization."
About FoodLogiQ
FoodLogiQ® LLC is the leading SaaS provider of traceability, food safety and supply chain transparency solutions. FoodLogiQ Connect is the most comprehensive, data-driven software solution that enables supplier management, food safety compliance, quality incident management, recall management and whole chain traceability – all built exclusively for the food industry.
About ESHA Research
ESHA Research, founded in 1981, offers a variety of nutritional analysis and label development solutions to ensure regulatory compliance. Our software programs and databases are used all over the world, by food manufacturers, educational facilities, restaurants, healthcare facilities, and other industry institutions for nutrient analysis, labeling, product development, and more. In addition, ESHA Research offers software and regulatory compliance consulting and label-generation services.
About The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 870 investments. The firm's international private equity and structured capital portfolios include more than 130 companies.
Media Contact
Stephanie Ulrich, ESHA Research, 503-585-6242, [email protected]
SOURCE ESHA Research
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