GlobalReach secures equity partner for global expansion

GlobalReach will release a hospitality-focused solution that combines its Hotspot 2.0 capability with centralized PMS authentication. Photo credit: GlobalReach Technology

GlobalReach Technology, a global provider of high-performance Wi-Fi software, service and analytics, has completed a multi-million dollar strategic investment by Gate Worldwide Holdings, a privately-funded venture capital company, based in New York.
 
GlobalReach, currently headquartered in London, provides a highly configurable, scalable and globally distributed technology platform that enables telecommunication providers and enterprises to deliver, manage and monetize Wi-Fi services. Built on proprietary technology, its captive portal, cloud-RADIUS/AAA wireless platform provides robust public Wi-Fi for major mass transit systems and large-scale municipal networks.
 
The investment by Gate Worldwide Holdings will support the international expansion of GlobalReach as a U.S. entity (GlobalReach Technology, Inc.). Later this year, the company will release a hospitality-focused solution that combines its  Hotspot 2.0 capability with centralized PMS authentication to maintain a single user store across multiple venues and brands without adding latency.
 
"With our support, we believe that GlobalReach will be able to further accelerate its growth and penetration into new global markets and verticals to become the go-to provider for Wi-Fi authentication and management services worldwide,” said Ted Helvey, managing partner at Gate Worldwide Holdings, in a statement.
 
Due to its new status as a U.S. corporation, GlobalReach Technology, Inc. plans to establish new world headquarters in Silicon Valley. Operating as a UK Subsidiary (GlobalReach Technology EMEA), the London office will continue to play a cornerstone role in the global company, retaining all of its staff and existing management team.

Suggested Articles

The country's first Radisson hotel will open in late-2021 in the city of Perm.

Ahead of next year's IHIF in Berlin, Corinthia's SVP/Hotel Development Paul Pisani shared how the company is wrangling new trends in luxury travel.

The company experienced an 0.8 percent decline in revenue per available room in constant currency and a 1.9 percent decline at actual exchange rates.