Hotel performance management platform MyDigitalOffice has acquired Broadvine, a provider of budgeting and forecasting software.
Terms of the acquisition were not disclosed.
In a statement, MyDigital Office (MDO) says Broadvine’s technology will boost its growth.
Ali Moloo, founder and CEO of MDO says: “Budgeting and forecasting is the number one thing that our customers have asked us for over the last 18-24 months. This acquisition instantly rounds out our platform to create a truly end-to-end hotel performance management system.”
Broadvine said customers would benefit from increased innovation and product after the acquisition.
Lex Raleigh, CEO, Broadvine, says: “Now, with MyDigitalOffice, we will lessen even more of the burdens and challenges that hoteliers face every day.”
The statement adds that MDO doubled its customer base in 2020 despite the pandemic and is anticipating further growth in 2021.