Mews has acquired Hotello, the Montreal-headquartered cloud property-management solution. The acquisition strengthens the growth strategy for Mews in North America, and more specifically the Canadian market, the company said. Terms of the acquisition were not disclosed.
“The PMS category continues to experience remarkable innovation and growth,” Mews founder Richard Valtr said in a statement. “Hotello has everything we’re looking for in an acquisition: great people, great customers and a passion for hotel technology. This partnership also represents a further investment in the North American markets where we continue seeing strong adoption of cloud and autonomous technologies, and hospitality brands looking for solutions that will serve them long into the future."
Founded in 2001, the Hotello PMS is focused on communication between systems, people and environments to make user and customer experiences simple and efficient. Hotello has approximately 500 customers in Canada and the United States.
“When I first met with Mews I could tell our vision for the future of hospitality were aligned,” Hotello CEO Anaïs Berzi said. “This is an incredibly exciting moment for the team, our customers, and the future of hospitality. We had a number of offers but Mews has a proven track record of pushing the boundaries of innovation in this space and have successfully integrated other teams and products like Hotello. We’re really looking forward to what the future holds.”
Before Hotello, Mews had surpassed 400,000 beds in operation across 3,500 customers with $2.8 billion processed via Mews Payments. The Mews Hospitality Cloud has more than 70,000 active monthly users.
The acquisition was helmed by Mews Ventures, the company’s venture and investment arm. Mews Ventures was launched to accelerate the technological transformation. The Hotello acquisition represents the sixth acquisition for Mews Ventures, with previous acquired companies comprising Planet Winner, Base7Booking, Hotel Perfect, Cenium and Bizzon.