RoomRaccoon has acquired iHotelligence, a Dublin-based property management software. The terms of the deal are not disclosed.
“Acquiring iHotelligence represents a major milestone for us," Tymen van Dyl, founder and CEO of RoomRaccoon, said in a statement. "It underscores our commitment to expanding our presence in the Irish market, and to providing cutting-edge technology to hoteliers that maximizes 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.”
Founded in 2012, iHotelligence has built a comprehensive suite of software products that consists of an on-site property management system, booking engine and channel manager. Their Irish customer base includes boutique hotels and independent hotels.
The system offers unique upgrades, from 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 start-up’s internal mergers and acquisitions department. The company remains financially independent since its founding in 2017. Aside from bolstering its presence in Ireland, RoomRaccoon has ambitious plans for further expansion in both Europe and North America.