Move set to reinforce RoomRaccoon's presence in Ireland
RoomRaccoon acquires Irish hotel management software company iHotelligence
Netherland-headquartered cloud-based hotel management company RoomRaccoon has announced its acquisition of Dublin-based property management software iHotelligence, as it continues its expansion in the Irish market.
While the terms of the deal are not being disclosed, iHotelligence was founded in 2012 and has built a suite of software products that consists of an on-site property management system, booking engine and channel manager.
Its Irish customer base includes boutique hotels and independent hotels.
Tymen van Dyl, the Founder and CEO of RoomRaccoon, views the partnership with iHotelligence as the natural next step in the company's journey to becoming the world’s number one hotel management software.
RoomRaccoon now serves more than 2000 hoteliers and more than 25,000 rooms across the globe, which is set to grow with the addition of iHotelligence.
Van Dyl added: "Acquiring iHotelligence represents a major milestone for us. It underscores our commitment to expanding our presence in the Irish market, and providing cutting-edge technology to hoteliers that maximises revenue, streamlines operations, and delights guests.
"By welcoming iHotelligence into the RoomRaccoon family, we will significantly increase our customer base in Ireland, positioning ourselves as market leaders in Hotel Management Software in the region.”
In addition to RoomRaccoon’s HMS, Irish hoteliers stand to gain a "competitive edge" with the system’s upgrades, including dynamic pricing tools that adjust pricing strategies based on real-time market data, occupancy rates, and demand fluctuations, to automated upsell functionality, housekeeping management, and more.
The iHotelligence acquisition is the first acquisition completed by the bootstrapped start-up’s internal Mergers and Acquisitions department, though the company remains financially independent since its founding in 2017.
Keith Slowey, founder of iHotelligence, said: “RoomRaccoon's acquisition of iHotelligence demonstrates their commitment to expanding their presence in Ireland and delivering superior technology solutions to Irish hoteliers.
"This partnership will have major benefits for all hotels currently using iHotelligence by providing them with a singular cloud-based platform with advanced features to improve operational efficiencies and increase revenue.”
Aside from bolstering its presence in Ireland, RoomRaccoon has ambitious plans for further expansion in both Europe and North America.