A company called iTradeNetwork, which provides management software for the grocery industry, is about to acquire the Instill Corporation. Instill is a venture-backed startup that also targets the food service industry, in its case by making the purchasing process more efficient.
Instill will be brought in as a division of iTradeNetwork, but the deal’s financial details have not been disclosed. The merger was facilitated by Accel-KKR, which purchased a majority stake in the iTradeNetwork in December.
Instill was founded in 1993 and has raised more than $80 million, according to VentureWire.
