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Instill secures more financing; acquires Global Food Exchange

AUGUST 6, 2001?Instill Corp., Redwood City, CA, a provider of supply-chain services to the foodservice industry, has completed a $12-million round of follow-on financing, bringing total capital raised to more than $84 million.

At the same time, Instill has acquired Atlanta-based Global Food Exchange, to further strengthen its offerings. "The acquisition of Global Food Exchange is a signal of future consolidation in the foodservice e-commerce area," comments Mack Tilling, Instill co-founder and ceo.

"This is a case of the strong getting stronger," adds Mark Moore, co-founder and president of Global Food exchange. "We are pleased to be involved with Instill and are confident that Instill will become a major technology provider to the foodservice industry."

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