Hotel group MCR has splashed out $46 million to acquire hotel management software company StayNTouch.
StayNTouch had originally been sold to Chinese digital giant Shiji Information Technology in September 2018 for an undisclosed fee.
But U.S. president Donald Trump took a fairly unprecedented step in March this year and issued an executive order to block the sale of the business.
Trump's intervention was made on grounds of national security, a statement from the White House said at the time.
StayNTouch is a cloud-based suite of hotel management solutions powering 500 hotels around the world.
During the period after the reversal of the Shiji deal, StayNTouch claims to have added more than 40 hotels to its platform, such as those seeking its contactless guest check-in tools and kiosk services.
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MCR says it will invest a further $10 million to expand research and development at StayNTouch.
Tyler Morse, chairman and CEO of MCR/Morse Development, says: "MCR will partner with StayNTouch's team to invest in customer support, product development and technology infrastructure to continue the company's history of innovation and expand StayNTouch's reach around the world."
Morse will become chairman of StayNTouch as part of the acquisition.
StayNTouch was founded in 2013 by Jos Schaap, who moved with the business to Shiji in 2018 but left in May 2019 to become the owner of Forward Thinking Hotels & Technology.
In February 2016, Shiji Group had been part of a $9.5 million Series A funding round for StayNTouch.
Trump said in March he had "credible evidence" that through the sale, Shiji "might take action that threatens to impair the national security of the United States."