Central reservation system

IBS Software Acquires APS® for $90 Million as It Targets Major Growth in Hospitality Sector

Retrieved on: 
Tuesday, January 16, 2024
Property management system, Central reservation system, Travel, Software as a service, PMS, RMS, IBS, CRS, Acquisition, Software, Organization, APS, Growth, Hotel

ATLANTA, Jan. 16, 2024 /PRNewswire/ -- IBS Software, a leading SaaS solutions provider to the travel industry globally, has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS®). The $90 million transaction will further solidify IBS Software's position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.

Key Points: 
  • The $90 million transaction will further solidify IBS Software's position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.
  • APS was founded in 2012 by Aaron Shepherd, an industry pioneer who developed a number of the world's leading hospitality PMS and CRS solutions.
  • Peter Krebs, Head of Travel & Hospitality Solutions at IBS Software, commented: "There is an unmet need in the hospitality industry to simplify how rooms and other services are sold.
  • Steffan Berelowitz, Head of the Hospitality Business at IBS Software, will lead the development and expansion of the hospitality business, working closely with Aaron Shepherd.

IBS Software Acquires APS® for $90 Million as It Targets Major Growth in Hospitality Sector

Retrieved on: 
Tuesday, January 16, 2024
Property management system, Central reservation system, Travel, Software as a service, PMS, RMS, IBS, CRS, Acquisition, Software, Organization, APS, Growth, Hotel

ATLANTA, Jan. 16, 2024 /PRNewswire/ -- IBS Software, a leading SaaS solutions provider to the travel industry globally, has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS®). The $90 million transaction will further solidify IBS Software's position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.

Key Points: 
  • The $90 million transaction will further solidify IBS Software's position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.
  • APS was founded in 2012 by Aaron Shepherd, an industry pioneer who developed a number of the world's leading hospitality PMS and CRS solutions.
  • Peter Krebs, Head of Travel & Hospitality Solutions at IBS Software, commented: "There is an unmet need in the hospitality industry to simplify how rooms and other services are sold.
  • Steffan Berelowitz, Head of the Hospitality Business at IBS Software, will lead the development and expansion of the hospitality business, working closely with Aaron Shepherd.

Litify Further Strengthens Executive Team With New Chief Product Officer

Retrieved on: 
Wednesday, December 13, 2023
Software, Accounting, Professional Services, Fintech, Data Management, Venture Capital, Technology, Security, Legal, Insurance, Human Resources, Finance, Intelligence, Machine learning, Growth, Legal technology, Partnership, Insight Partners, Creativity, Central reservation system

Litify, the legal industry’s leading solution for law firms and in-house legal departments, has appointed software executive Lauren Rothrock as Chief Product Officer .

Key Points: 
  • Litify, the legal industry’s leading solution for law firms and in-house legal departments, has appointed software executive Lauren Rothrock as Chief Product Officer .
  • The appointment comes as the company has made several announcements to further strengthen its investment and executive teams, including the appointment of Curtis Brewer as Chief Executive Officer and partnership with Bessemer Venture Partners .
  • As Chief Product Officer at Litify, she’ll be responsible for enhancing the platform’s personalized and intuitive work experience for clients, supported by next-generation analytics and business intelligence, to drive better business performance.
  • “As I dive into my new role as Chief Product Officer at Litify, I look forward to not only leading the Product teams but also collaborating across the company to ensure we deliver a winning experience and platform for our clients.

Hyatt Selects Sabre to Enhance Central Reservation System Capabilities, Making the Search and Booking Process Faster for Guests

Retrieved on: 
Wednesday, July 19, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Professional Services, Business, Software, Other Travel, Lodging, Vacation, Travel, Idea, Central reservation system, CRS, Calendar, Sabre, Multimedia, Heel, SABR, Empathy, NYSE, Automation, Hotel, Online shopping

Under this agreement, Sabre’s SynXis Central Reservation System will become the main Central Reservation System (CRS) for Hyatt hotels beginning in 2024.

Key Points: 
  • Under this agreement, Sabre’s SynXis Central Reservation System will become the main Central Reservation System (CRS) for Hyatt hotels beginning in 2024.
  • This integration will enhance Hyatt’s reservation capabilities, streamline its operations, and deliver a seamless and efficient experience for guests, including a faster search and booking process.
  • The agreement comes on the heels of Hyatt’s announcement of Hyatt PrO to optimize its revenue management system.
  • With the aim to continue these efforts, Hyatt is also exploring ways to further enhance property management system options.

Cendyn announces senior leadership team expansion

Retrieved on: 
Wednesday, April 26, 2023
Travel, Marshall College, ICON, Microsoft, SAP, Privacy, Central reservation system, Baylor University, NASA, Risk, Northeastern University, CPO, University, Pegasus, Service, United States Military Academy, Poly Inc., Organization, Cloud computing, Corporation, White Lodging, Intellectual property, Haas School of Business, Lone Wolf, E-commerce, CMO, Drexel University, Running, CFO, KSL Capital Partners, History of the University of California, Berkeley, Master of Business Administration, Salesforce, Accounting, Sungard Availability Services, IBM, Software as a service, CLO, Franklin & Marshall College, Golf, Rimini Street Inc. v. Oracle USA Inc., Marketing, Business administration, Khoros, Management, Apttus, Support, Business, Oracle

BOCA RATON, Fla., April 26, 2023 /PRNewswire/ -- Cendyn, a catalyst for digital transformation in the hospitality industry, today announced the appointment of four new executives to its management team, as well as one significant promotion. The new personnel include Chief Financial Officer (CFO) B Papadakis, Chief Legal Officer (CLO) Alifya Curtin, Chief Product Officer (CPO) Chris Egan, and Chief Operations Officer (COO) Alan Rudolph. Long-standing Chief Marketing Officer (CMO) Michael Bennett was also promoted to President and Chief Marketing Officer, taking on further responsibilities within the company. 

Key Points: 
  • Cendyn is the fourth company at which Alifya has led the legal department, having previously filled the role at car2go, Khoros, and ICON.
  • He brings extensive experience in enterprise software to Cendyn after having filled the role of Chief Strategy Officer at Lone Wolf Technologies.
  • "I'm tremendously confident that the newest members of our executive team will offer strong leadership to the company as we navigate a course toward even greater levels of success."
  • Cendyn has enjoyed tremendous growth in recent years following mergers with NextGuest and Pegasus in 2021 and 2022 respectively.

Cendyn announces senior leadership team expansion

Retrieved on: 
Wednesday, April 26, 2023
Travel, Marshall College, ICON, Microsoft, SAP, Privacy, Central reservation system, Baylor University, NASA, Risk, Northeastern University, CPO, University, Pegasus, Service, United States Military Academy, Poly Inc., Organization, Cloud computing, Corporation, White Lodging, Intellectual property, Haas School of Business, Lone Wolf, E-commerce, CMO, Drexel University, Running, CFO, KSL Capital Partners, History of the University of California, Berkeley, Master of Business Administration, Salesforce, Accounting, Sungard Availability Services, IBM, Software as a service, CLO, Franklin & Marshall College, Golf, Rimini Street Inc. v. Oracle USA Inc., Marketing, Business administration, Khoros, Management, Apttus, Support, Business, Oracle

BOCA RATON, Fla., April 26, 2023 /PRNewswire/ -- Cendyn, a catalyst for digital transformation in the hospitality industry, today announced the appointment of four new executives to its management team, as well as one significant promotion. The new personnel include Chief Financial Officer (CFO) B Papadakis, Chief Legal Officer (CLO) Alifya Curtin, Chief Product Officer (CPO) Chris Egan, and Chief Operations Officer (COO) Alan Rudolph. Long-standing Chief Marketing Officer (CMO) Michael Bennett was also promoted to President and Chief Marketing Officer, taking on further responsibilities within the company. 

Key Points: 
  • Cendyn is the fourth company at which Alifya has led the legal department, having previously filled the role at car2go, Khoros, and ICON.
  • He brings extensive experience in enterprise software to Cendyn after having filled the role of Chief Strategy Officer at Lone Wolf Technologies.
  • "I'm tremendously confident that the newest members of our executive team will offer strong leadership to the company as we navigate a course toward even greater levels of success."
  • Cendyn has enjoyed tremendous growth in recent years following mergers with NextGuest and Pegasus in 2021 and 2022 respectively.

Red Roof Celebrates Industry Leadership through Performance, Partnerships, Prototypes and Purpose at 2022 Brand Conference

Retrieved on: 
Monday, November 14, 2022
Spend, Growth, Zeta, City, Conference, Mobile app, The Essential Red Collection, Human, Environment, ESG, Heart, Ibex, Android, Partnership, Lead, Leadership, Efficiency, The Dead Sleep Easy, Industry, Red Roof Inn, RevPAR, Natural Resources, Intelligence, Website, Multimedia, Program, Red roof, Sleep, Policy, Central reservation system, CRS, Zeta Global, IOS, Property management system, Hotel, Retail

"Red Roof delivered record revenue which is a testament to our resilience and ability to anticipate market trends," said President George Limbert.

Key Points: 
  • "Red Roof delivered record revenue which is a testament to our resilience and ability to anticipate market trends," said President George Limbert.
  • Revenue for the Red Roof brand from January through September 2022 increased 10% year over year, and RevPAR is up 9% for the same period.
  • A new dual branded prototype: Offers franchisees an additional Red Roof option, Red Roof and HomeTowne Studios, as the brand draws closer to 700 properties systemwide across the U.S. and internationally.
  • Ranging from economy to midscale, the Red Roof portfolio of brands includes: Red Roof Inn and Red Roof PLUS+, allowing guests to Sleep Easy.

Stayntouch and D-EDGE Partner to Optimize Global Distribution for Hotels in Europe and Around the Globe

Retrieved on: 
Tuesday, April 19, 2022
Digital media, Family, Central reservation system, OTA, Design Hotels, CDM, Collection, Margaritaville, Food, TWA Hotel, Philosophy, PMS, Solution, Partnership, Valencia Hotel Group, Variable Data Intelligent Postscript Printware, Business development, Industry, Multimedia, CRS, Software as a service, Property management system, Hotel, Online shopping, Video game console, Accor

BETHESDA, Md. , April 19, 2022 /PRNewswire/ -- Stayntouch, a global leader in cloud hotel property management systems (PMS) and guest-centric technology, today announced that its flagship cloud PMS platform now integrates with D-EDGE central reservation system (CRS), the leading hotel distribution technology provider in Europe. This partnership comes after the completion of a successful pilot program with the Crystal Hotel St. Moritz, a luxury boutique hotel located in the Swiss Alps, and will add to Stayntouch's growing library of 1100+ integrations.

Key Points: 
  • Stayntouch's integration with D-EDGE seamlessly delivers information on inventory, availability, restrictions, and rates, while also being able to accept reservations from various booking channels.
  • La Vernet, Director, Partnership & Business Development commented, "We are excited to be embarking on this partnership with Stayntouch.
  • Backed by a team of professionals with deep roots in the hospitality industry, Stayntouch is a trusted partner to many forward-thinking hotels and resorts, including the TWA Hotel, First Hotels, Conscious Hotels, Margaritaville, Valencia Hotel Group, and Modus Hotels.
  • Visit Stayntouch at www.stayntouch.com
    D-EDGE is a SaaS company offering leading-edge cloud-based e-commerce solutions to more than 17,000 hotels in over 150 countries.