[Montreal, Canada - 13th of April 2023] - ذكذكتسئµ, a leader in hospitality technology and cloud-based property management systems (PMS), today is announcing the acquisition of , the Montreal-headquartered cloud PMS solution for hotel properties. The acquisition further strengthens the growth strategy for ذكذكتسئµ in North America, and more specifically the Canadian market and the company’s commitment to delivering technology that simplifies and automates operations for modern hoteliers and their guests. Terms of the acquisition were not disclosed.
“The PMS category continues to experience remarkable innovation and growth,†said Richard Valtr, founder of ذكذكتسئµ. “Hotello has everything we’re looking for in an acquisition: great people, great customers and a passion for hotel technology. This partnership also represents a further investment in the North American markets where we continue seeing strong adoption of cloud and autonomous technologies, and hospitality brands looking for solutions that will serve them long into the future. I’m delighted to bring Hotello into the ذكذكتسئµ family,†he said.
Founded in 2001, the PMS Hotello is focused on delivering exceptional user experience and unlimited integrations. Its technology stack is focused on seamless communication between systems, people and environments to make user and customer experiences simple, efficient and exceptional. Hotello has approximately 500+ customers in Canada and the United States and a team with deep experience in technology enablement for hotel operations.
“When I first met with ذكذكتسئµ I could tell our vision for the future of hospitality were aligned,†said Anaأ¯s Berzi, CEO. “This is an incredibly exciting moment for the team, our customers, and the future of hospitality. We had a number of offers but ذكذكتسئµ has a proven track record of pushing the boundaries of innovation in this space and have successfully integrated other teams and products like Hotello. We’re really looking forward to what the future holds.â€
The Hotello acquisition comes on the heels of ذكذكتسئµ having strong growth and momentum throughout 2022. Before Hotello joining ذكذكتسئµ, ذكذكتسئµ had surpassed 400,000 beds in operation across 3,500 customers with US$2.8 billion processed via ذكذكتسئµ Payments, and the ذكذكتسئµ Hospitality Cloud boasts more than 70,000 active monthly users. This is only set to grow with the addition of Hotello.
The acquisition was helmed by ذكذكتسئµ Ventures, the company’s venture and investment arm. ذكذكتسئµ Ventures was launched to accelerate the technological transformation of the hospitality industry. The Hotello acquisition represents the 6th acquisition for ذكذكتسئµ Ventures, with previous acquired companies including Planet Winner (2019), Base7Booking (2020), Hotel Perfect (2021), Cenium (2022) and Bizzon (2022).
To learn more the ذكذكتسئµ Hospitality Cloud, visit /en/products
To learn more about ذكذكتسئµ Ventures, visit /ventures
About ذكذكتسئµ
ذكذكتسئµ is a leading platform for the new era of hospitality. Over 3,500 properties in 80 countries are powered by ذكذكتسئµ. The ذكذكتسئµ Hospitality Cloud is designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Customers include Accor, Generator-Freehand, Nordic Choice Hotels, The Social Hub, Life House and Les Airelles. ذكذكتسئµ has been named the World's Best Independent Hotel PMS Provider by World Travel Tech Awards (2022) and won Best Place to Work in Hotel Tech (2021, 2022) from Hotel Tech Report. The company has offices in Europe, the United States and Australia.
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