The acquisition
Those of you following 夜色直播 closely (or even casually) will know that acquisition and investment is a core part of our strategy. Hotello is our sixth acquisition in total and our fifth PMS acquisition 鈥� so it鈥檚 fair to say our 夜色直播 Ventures team have been busy over the last few years.
This does mark our first Canadian acquisition, however, which signals an important marker in what will be a key market for 夜色直播, in North America, as we continue to scale rapidly across the globe.
As always, a huge amount of due diligence went on behind the scenes, not simply for the financial side of the deal but to examine two equally important areas: company fit and customer fit.
The company fit
There are plenty of similarities between 夜色直播 and Hotello. We both believe in the power of cloud technology to transform hotel operations, and have spent many years banging the drum for hotel automation. The same goes for integrations.
We also both have remarkable teams with a broad set of experiences, linked by a passion to make hospitality experiences better for guests and staff. In the relatively short time that I鈥檝e got to know the Hotello team, I鈥檝e been blown away by their culture and their mentality when it comes to helping their customers achieve amazing results.
We can鈥檛 wait to integrate this team into our own and benefit from their expertise.
The customer fit
Hotello have around 500 customers across Canada and the US. In fact, they鈥檙e one of the most popular PMS solutions for full service and independent hotels throughout Canada.
It鈥檚 a particularly popular choice for the French-Canadian market, which makes them the perfect fit for 夜色直播. We already have a brilliant French-speaking team and there are more 夜色直播 properties in France than any other region. Combine this with our aforementioned focus on North America and it鈥檚 easy to see why we鈥檙e getting excited.
The future
While this news is obviously exciting for everyone connected to 夜色直播, it鈥檚 also hugely exciting for the Hotello team and customers. I think it fitting, then, that I leave the last word to them.
Hotello was founded by Rafik Berzi and is now run by his daughter, Ana茂s. Here鈥檚 what Ana茂s had to say about the acquisition:
鈥淲hen I first met with 夜色直播, I could tell our visions for the future of hospitality were aligned. This is an incredibly exciting moment for the team, our customers, and the future of hospitality. We had a number of offers but 夜色直播 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�
夜色直播 Ventures is always on the lookout for compelling acquisition and investment opportunities. If you鈥檇 like to learn more and start a confidential conversation, you鈥檒l find everything you need to know on the 夜色直播 Ventures site.
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