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Ultimate Foodspend Solutions

Foodservice Trade Agreements can best be marketed, sourced, administered and settled through a common cloud based platform.

  • Stage Product In Development
  • Industry Software
  • Location Joliet, IL, USA
  • Currency USD
  • Founded April 2015
  • Employees 2
  • Website

Company Summary

Founded in 2012 by industry veteran Tom Stewart, Ultimate Foodspend Solutions seeks to bring a single cloud based solution to the fragmented foodservice trade agreement marketplace. In 2013 a patent application was filed for the VeriPerform technology platform to bring standardized trade agreement practices and improved logistics for the marketing and sourcing of trade agreements via a cloud based B2B exchange.


  • Bio 20pic3
    Founder & CEO

    CEO has a an extensive resume in the foodservice industry with a focus on trade agreements. He has held a number of field and headquarters management positions within the industry. In 2007 he formed Healthcare Foodservice Sourcing Advantage (HFSA) as a GPO and grew that company to over $400 million in covered foodspend. In 2012 he founded Ultimate Foodspend Solutions to address the confusion and dysfunction in trade agreement execution.

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    Founder and CTO

    Elkhan Shabanov, a former Vice President of Software Engineering with 19 years of proven expertise in defining strategies, structure, and innovative enterprise technology solutions for start-ups and Fortune global companies. He is a trusted C-suite partner with success in directing engineering, budgeting, strategic and tactical planning and business process re-engineering in Finance, Banking, Hedge Funds, Telecom, Gaming, and Defense industries.


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