Breda-based RoomRaccoon, a leading cloud-based hotel management system for independent hotels, announced its acquisition of iHotelligence, a Dublin-based property management software, as it continues its expansion in the Irish market. The terms of the deal are not being disclosed.
Tymen van Dyl, the Founder and CEO of RoomRaccoon, views the partnership with iHotelligence as the natural next step in the company’s journey to becoming the world’s #1 Hotel Management Software. Following years of robust organic growth, RoomRaccoon has established itself as a trusted partner for over 2000 hoteliers, serving more than 25,000 rooms across the globe. This is set to grow with the addition of iHotelligence.
He elaborated on the strategic significance of this development, stating: “Acquiring iHotelligence represents a major milestone for us. It underscores our commitment to expanding our presence in the Irish market, and providing cutting-edge technology to hoteliers that maximises revenue, streamlines operations, and delights guests. By welcoming iHotelligence into the RoomRaccoon family, we will significantly increase our customer base in Ireland, positioning ourselves as market leaders in Hotel Management Software in the region.”
Founded in 2012, iHotelligence has built a comprehensive suite of software products that consists of an on-site property management system, booking engine and channel manager. Their Irish customer base includes boutique hotels and independent hotels.
Keith Slowey, founder of iHotelligence, said: “RoomRaccoon’s acquisition of iHotelligence demonstrates their commitment to expanding their presence in Ireland and delivering superior technology solutions to Irish hoteliers. This partnership will have major benefits for all hotels currently using iHotelligence by providing them with a singular cloud-based platform with advanced features to improve operational efficiencies and increase revenue.”
In addition to RoomRaccoon’s HMS, Irish hoteliers stand to gain a competitive edge with the system’s unique upgrades. From dynamic pricing tools that adjust pricing strategies based on real-time market data, occupancy rates, and demand fluctuations, to automated upsell functionality, housekeeping management, and more.
The iHotelligence acquisition is the first acquisition completed by the bootstrapped startup’s internal Mergers and Acquisitions department. The company remains financially independent since its founding in 2017.
Aside from bolstering its presence in Ireland, RoomRaccoon has ambitious plans for further expansion in both Europe and North America. Founded in 2017, RoomRaccoon is headquartered in the Netherlands and has offices in Cape Town, Lisbon and Valencia.
Read the orginal article: https://www.eu-startups.com/2023/12/dutch-hotel-tech-roomracoon-acquires-dublin-based-ihotelligence-to-expand-operations-in-irish-market/
