Los Angeles-based property management platform Guesty has acquired two hospitality software
companies – just two
weeks after acquiring hotel-focused revenue and
distribution platform YieldPlanet.
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The new acquisitions bring Spain-based vacation rental
software company Kigo and Australian property management software company HiRUM
Software Solutions under Guesty’s umbrella.
Terms of the acquisitions have not been disclosed, but teams
from Kigo and HiRUM will become part of Guesty and operate under its brand. In mid-August
Guesty raised $170 million in Series E funding, with a focus on scaling its
business internationally and adding new verticals.
the deals will expand its global reach, increase its resources in research
and development and boost product development for customers of all three
platforms. The company says this will help its efforts to offer flexibility in
inventory management, so operators can handle traditional hotel listings,
aparthotels, holiday homes and short-term rentals from one dashboard.
Kigo and HiRUM view consolidation as the path forward in such a dynamic space
and fragmented industry,” says Amiad Soto, Guesty co-founder and CEO.
“The continued advancement of property
management solutions, technology and service requires substantial resources and
financial investment that can only be achieved by merging the industry’s best
teams and regional leaders under one entity.”
With offices in Spain, the United States and the
Philippines, Kigo is a vacation rental management software and cloud-based
platform founded in 2008, with most of its customers in Europe.
“As our industry matures, we
recognize Guesty’s market leadership and winning technology. This move
allows us to deliver product innovation much faster, while also driving
industry standardization and deepening our business partnerships within the
ecosystem,” says Miguel Ferrer, general manager of Kigo who will continue in
“Through this acquisition, Guesty also strengthens its local
presence in Europe leveraging Kigo's assets and team of experts.”
HiRUM powers small and larger hospitality operators in
Australia. Its founders and co-CEOs, Sylvia and Philip Johnston, will stay in
their roles with the company.
of Guesty and HiRUM marks a major milestone in Australian hospitality and a new
era of technological advancement,” says Yoav Tourel, Guesty's APAC
“HiRUM's legacy, experience and
knowledgeable roots in the local market pair perfectly with Guesty’s global
outlook. Together we will push forward the next era of property management
solutions, covering the full ecosystem, from traditional hotels to vacation
villas and short-term rentals. The timing could not be better, with Australia's
tourism market booming in full recovery mode.”
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