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Guesty Announces The Acquisition Of Hospitality Software Companies Kigo And Hirum

Sep 28, 2022•almost 3 years ago

Acquiring Company

Guesty, Inc.

Acquired Company

Kigo

CovinaSt. PaulInformation TechnologyFinancial Services

Description

Guesty, the leading property management platform for the short-term rental and hospitality industry, today announced the acquisition of Spain-based vacation rental software company, Kigo, and Australian property management software company, HiRUM. Guesty will welcome Kigo's and HiRUM's existing teams into the Guesty family, expanding its global reach, increasing R&D resources and product advancement for customers of all three platforms. The mergers continue Guesty's long-term growth vision, extending further into new markets and offering an end-to-end solution to manage the complex needs of property managers and hospitality professionals in all category segments, wherever they operate.

Company Information

Company

Guesty, Inc.

Location

Covina, California, United States

About

Managing a hospitality business is complex. Guesty is your partner in making it easier. With an all-in-one platform, Guesty’s purpose-built technology optimizes and automates every aspect of your hospitality operations so you can save time, maximize revenue, and stay ahead of the curve. Our industry-wide expertise, large-scale R&D department of 200+ engineers, and technology-first approach ensures that hospitality businesses can streamline operations and achieve growth, all while delivering the best value to their guests. With a complete suite of features and more than 150+ industry partners, Guesty is transforming the hospitality industry with innovative solutions that help you succeed.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed