Procure-to-Pay
On April 28, 2026, PurchasePlus announced that Strattam Capital had completed a majority investment in the company, marking the most significant chapter in PurchasePlus's 25-year history. The investment is not a modest growth round. It is a full-commitment entry into the United States, backed by a firm with more than $1 billion in assets under management and a clear thesis on what the next generation of vertical software looks like.
Strattam Capital invests in independent B2B software companies that are poised to become AI-forward vertical market leaders. PurchasePlus, having spent 25 years building the deepest and most complete procurement and invoicing platform in global hospitality, is exactly the kind of company that thesis was built for.
Hilary Fleischer, Partner at Strattam Capital, stated: "Malcolm and his team have built a mission-critical, AI-forward product in a vertical where deep domain expertise and high-touch customer service are genuine differentiators." That is not language a private equity firm uses lightly. It is the language of an investor who has done the diligence and reached a definitive conclusion.
One of the things that distinguishes Strattam Capital from generalist private equity is its structured approach to investment partnerships. Before completing any investment, Strattam works through a Five-Point Plan with the management team, establishing alignment on growth strategy, go-to-market approach, product roadmap, talent build-out, and the path to market leadership in the target vertical.
For PurchasePlus, that alignment centres on three vectors: expanding the North American customer base, deepening AI capabilities across the platform, and building the supplier-side network that turns PurchasePlus into not just a buyer-facing procurement tool but a full marketplace connecting hospitality operators with their supply chains at scale.
The Five-Point Plan means both parties enter the partnership with shared language about what success looks like. There is no ambiguity about the mission: take a proven, 25-year-old hospitality procurement platform and make it the market-leading solution in North America. Five years. Five times the current scale.
PurchasePlus CEO Malcolm Jull has been direct about what the investment represents. In his own words: "We have taken our many years of domain expertise and rebuilt our business model for the fast-changing needs of both buyers and suppliers, providing a legacy understanding with modern solutions that hotel operators and staff can readily use, love and greatly benefit from."
That sentence carries significant weight. "Legacy understanding" means 25 years of hospitality-specific data, supplier relationships, and operator workflows built up in every major hotel market in the world. "Modern solutions" means a platform that has been rebuilt from the ground up to incorporate AI invoice processing, real-time committed spend visibility, mobile-first ordering, and an open integration layer that connects to the ERPs, PMS platforms, and data tools that hotel groups already use.
The phrase "both buyers and suppliers" is equally important. PurchasePlus is not just a tool for hotel finance teams. It is the platform through which 30,000-plus hospitality suppliers connect to their customers, manage their catalogues, and process their payments. The two-sided architecture is what creates the data advantage that no new entrant can replicate.
The investment announcement describes PurchasePlus as the mission-critical operating system for back-of-house procurement at hospitality operators around the world. The term mission-critical is precise. The platform touches 100% of purchasing activity for its customers. Every purchase order, every supplier invoice, every delivery confirmation, every budget commitment runs through PurchasePlus. Remove it from a hotel group's operations and the back-of-house purchasing operation stops functioning.
This is why the platform serves clients like Accor, IHG Hotels and Resorts, Marriott, Capella Hotels, and Landmark Group. These are organisations with zero tolerance for operational failure. The platform capabilities span the full procurement lifecycle: purchase ordering, supplier catalogue management, multi-property inventory control, recipe costing and F&B gross profit tracking, AI invoice automation, statement reconciliation, budget commitment tracking, and financial reporting.
North America has approximately 58,000 hotel properties. The top 25 hotel groups manage more than 22,000 branded properties across the US, Canada, and Mexico. Collectively, these operators manage hundreds of billions in annual supply spend. The majority of that spend is still managed through fragmented processes: email orders, phone calls, supplier portals that do not connect to the hotel's accounting systems, and spreadsheets that are out of date the moment a delivery changes.
PurchasePlus enters this market having already solved these problems for some of the world's most demanding hotel operators. The platform does not need to prove the concept in North America. It needs to be introduced to the market, which is exactly what the Strattam partnership makes possible. The capital, the network, and the Five-Point Plan alignment are all in place. The North American chapter has started.
The investment is operational, not theoretical. Malcolm Jull is relocating to the United States to lead the North American expansion personally. Karen O'Neill has joined as SVP Revenue, North America, bringing deep experience in enterprise software sales across the hospitality sector. Jon Castillo has joined as VP Partnerships, North America, responsible for building the technology and channel partner ecosystem.
The first US activation is at HITEC 2026, the largest hospitality technology conference in North America, held at the Henry B. Gonzalez Convention Center, San Antonio, Texas, June 15-18. PurchasePlus will exhibit at Booth #3715. For hotel operators attending HITEC who have been managing procurement on fragmented systems, the conversation at Booth #3715 is worth having.
Strattam Capital completed a majority investment in PurchasePlus on April 28, 2026. Strattam is a private equity firm with over $1 billion in AUM that invests in B2B software companies poised to become AI-forward vertical market leaders.
The Five-Point Plan is Strattam Capital's structured alignment framework. Before completing any investment, Strattam and the management team align on five vectors: growth strategy, go-to-market approach, product roadmap, talent build-out, and the path to market leadership. For PurchasePlus, the plan centres on North American expansion, AI capability development, and supplier network growth.
Malcolm Jull is the CEO of PurchasePlus. He is relocating to the United States to lead the North American expansion following the Strattam Capital investment.
PurchasePlus is the mission-critical procure-to-pay platform for global hospitality. It automates purchasing, invoice processing, inventory management, and supplier connectivity for hotels and hospitality operators, processing 40 million invoices annually at 99% AI accuracy.
PurchasePlus will be at Booth 3715, HITEC 2026, Henry B. Gonzalez Convention Center, San Antonio, Texas, June 15-18, 2026.
