Evolve Vacation Rental Network has acquired the technology
and intellectual property assets of Everbooked, a dynamic pricing platform for
the short-term rental industry.
Founded in 2011, Evolve has more than 9,000 properties under
management in more than 500 markets across North America. The company handles
all marketing, booking and guest communication for a 10% fee on each
reservation.
Evolve has been using Everbooked’s market intelligence tools
and dynamic pricing algorithms for the past two years, and now it will have
exclusive access to the technology.
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“With this acquisition, Evolve homeowners will be uniquely
positioned to benefit from industry-leading pricing, analytics and revenue management,”
says Brian Egan, CEO and co-founder of Evolve.
“Bringing the Everbooked platform in-house expands the
intelligence of our already dynamic and competitive revenue management capabilities.”
In August, Evolve raised $80 million, bringing its total
funding to $103 million.