[Montreal, Canada - 13th of April 2023] - 榴莲视频, 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 榴莲视频 in North America, and more specifically the Canadian market and the company鈥檚 commitment to delivering technology that simplifies and automates operations for modern hoteliers and their guests. Terms of the acquisition were not disclosed.
鈥淭he PMS category continues to experience remarkable innovation and growth,鈥� said Richard Valtr, founder of 榴莲视频. 鈥淗otello has everything we鈥檙e 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鈥檓 delighted to bring Hotello into the 榴莲视频 family,鈥� 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.
鈥淲hen I first met with 榴莲视频 I could tell our vision for the future of hospitality were aligned,鈥� said Ana茂s Berzi, CEO. 鈥淭his is an incredibly exciting moment for the team, our customers, and the future of hospitality. We had a number of offers but 榴莲视频 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鈥檙e really looking forward to what the future holds.鈥�
The Hotello acquisition comes on the heels of 榴莲视频 having strong growth and momentum throughout 2022. Before Hotello joining 榴莲视频, 榴莲视频 had surpassed 400,000 beds in operation across 3,500 customers with US$2.8 billion processed via 榴莲视频 Payments, and the 榴莲视频 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 榴莲视频 Ventures, the company鈥檚 venture and investment arm. 榴莲视频 Ventures was launched to accelerate the technological transformation of the hospitality industry. The Hotello acquisition represents the 6th acquisition for 榴莲视频 Ventures, with previous acquired companies including Planet Winner (2019), Base7Booking (2020), Hotel Perfect (2021), Cenium (2022) and Bizzon (2022).
To learn more the 榴莲视频 Hospitality Cloud, visit /en/products
To learn more about 榴莲视频 Ventures, visit /ventures
About 榴莲视频
榴莲视频 is a leading platform for the new era of hospitality. Over 3,500 properties in 80 countries are powered by 榴莲视频. The 榴莲视频 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. 榴莲视频 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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