HotelRunner,
a hospitality technology provider for sales, operations and distribution
management across all types of hotels and vacation rentals, has acquired Turkey-based
PayPad. Financial terms of the deal have not been disclosed.
PayPad provides a cloud-based
sales system for hotels, restaurants and retail stores. With the acquisition, the
solution has been renamed HotelRunner POS.
Founded in 2011, this is
HotelRunner’s third
acquisition, and the company said it is a “significant milestone” as its
first product for on-premises sales and payments for hotels.
“Our
strategic acquisition of PayPad and the birth of HotelRunner POS aren't merely
about enhancing our product offerings; it's a bold leap toward our vision of
building a bigger travel economy,” said Arden Agopyan, founder and managing partner
of HotelRunner.
Subscribe to our newsletter below
“As
we welcome HotelRunner POS into our expansive ecosystem as a foundational part,
we solidify our presence in the payments and sales verticals in travel and
hospitality. We're proud to shape the path toward industry consolidation and
usher in a transformative era, reinforcing our brand's legacy.”
In January HotelRunner
closed a Series A funding round of $6.5 million, with the goal of using the
funds to grow the company’s global presence and team and invest in technology.
“With PayPad seamlessly integrated into the
HotelRunner’s unique market-network, we're spearheading a technology revolution
that forms the cornerstone of a unified digital travel ecosystem,” said Ali
Beklen, founder and managing partner of HotelRunner.
“Beyond elevating the guest experience and optimizing
operational efficiency for accommodations, this strategic move underscores the
power of frictionless all-in-one platforms as the key to success. This
acquisition unlocks a new untapped opportunity and sets a path to delivering
unrivaled value and pioneering innovation for our partners.”