Revenue management software provider Duetto has been acquired by GrowthCurve Capital. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Terms of the transaction were not disclosed.
Duetto has solutions that simplify hotel operations and optimize revenue. With a focus on organic product development, data and integrations, Duetto connects disparate systems into a cohesive, efficient platform that drives profitability and growth for hotels worldwide.
GrowthCurve Capital is a control-oriented private equity firm focused on building businesses by utilizing data, analytics and machine learning, combined with a comprehensive approach to human capital, to accelerate growth and drive long-term value. GrowthCurve will partner with Duetto to further accelerate its AI strategy, including the development of new AI products, support the launch of new business lines and expand into new markets.
"We are excited to partner with GrowthCurve, whose expertise in machine learning and AI, coupled with their experience in high-growth businesses, aligns perfectly with our vision," Duetto CEO David Woolenberg said in a statement. "This acquisition will boost our investments in innovative tech, enhance our capabilities to support our customers and solidify our leadership in hotel revenue management. We thank our customers, team members, founders and partners for their continued support, as well as Warburg Pincus, Icon Ventures and our investors for their partnership. With the strength of the Duetto brand, we are confident that, together with GrowthCurve, we will achieve our ambitious growth objectives and drive the future of hospitality tech."
Earlier this week, Duetto launched its newest product, OpenSpace, a revenue management solution and booking engine for meeting and event spaces.