IHS Worldwide, owner of the WorldHotels and Trust International hospitality brands, is planning to buy hotel tech company Fastbooking.
Steve Rowley, chairman and CEO of IHS, confirmed the company's plan to acquire the Paris, France-based Fastbooking at the WebinTravel conference in Singapore this week.
Due to a lengthy acquisition process for companies in France, IHS was forced to tell its own and Fastbooking's employees of the proposal over the weekend.
Terms of the deal have not been disclosed.
The move to buy Fastbooking will bolster IHS's growing presence in the hospitality support sector, following its acquisition of computer reservation system provider InnLink in April this year.
That deal came nine months after venture giant Battery Ventures took over sole ownership of IHS.
Fastbooking has around 8,000 partner hotels in 100 countries around the world and claims to be generating around Euro 450 million for its customers per year.
The company's core products include web development, booking engines, search marketing services and channel management tools.
It was launched in 2000, has offices in France, Singapore, India, Italy, Japan, China and Thailand, and is operated under the leadership of CEO Jean-Gerard Galvez.