Pleasanton, Calif. -- iTradeNetwork, a Pleasanton-based developer of web-based business software for the food industry, said on Monday that it has agreed to merge with San Mateo-based Instill, a provider of spend intelligence software to the foodservice industry. Financial terms of the deal were not disclosed. Robert Bonavito, the founder and CEO of iTradeNetwork, will serve as CEO of the combined companies. Instill will operate as a division of iTradeNetwork, which is majority owned by private equity firm Accel-KKR. The companies said that the merger will create a company capable of delivering supply chain products to both the retail and foodservice channels
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