Access Hospitality, part of the British software company Access Group, announced Friday the acquisition of hotel software company Guestline from Riverside Group, which has held a majority investment in the company since 2016.
Terms of the deal were not disclosed. Guestline's cloud software platform supports over 2,900 venues in 23 countries through its end-to-end distribution, property management and guest experience system that unlocks more revenue, guest satisfaction and agility.
Henry Seddon, managing director of Access Hospitality, said the acquisition will allow it to expand the range of products it can offer hotel operators.
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“As well as enhancing our ability to serve the requirements of hotel customers through the provision of a tailored product that fulfils their operational needs, the acquisition will enable us to expand into new territories, given Guestline's strength in European and international markets,” Seddon said. “We have been particularly impressed with the strength and experience of the Guestline management team and look forward to welcoming our new colleagues into the Access Group.”
The deal follows Guestline’s acquisition in October of Newbridge Software, a cloud-based retailing technology for restaurants and bars.
Guestline CEO Andrew McGregor said his company was a natural fit with Access Group.
“The combined group’s cloud software solution will provide the most comprehensive set of capabilities in the market, making a real difference to hoteliers across the globe,” he said. “We look forward to working together to expand further into our existing European and Asia Pacific markets, which offer very significant growth opportunities.”