Guesty announced its acquisition of Spain-based vacation rental software company Kigo and Australian property management software company HiRUM Software Solutions. "Guesty, Kigo, and HiRUM view consolidation as the path forward in such a dynamic space and fragmented industry," said Guesty CEO Amiad Soto. "The continued advancement of property management solutions, technology, and service requires substantial resources and financial investment that can only be achieved by merging the industry's best teams and regional leaders under one entity." Kigo General Manager Miquel Ferrer said the merger "allows us to deliver product innovation much faster, while also driving industry standardization and deepening our business partnerships within the ecosystem. Through this acquisition, Guesty also strengthens its local presence in Europe leveraging Kigo's assets and team of experts." HiRUM powers small and large hospitality operators in Australia, with a clientele that includes Palazzo Versace Gold Coast, Wyndham Hotels & Resorts, Ramada by Wyndham, and Grand Mercure Hotels & Resorts. "We are excited to join forces with Guesty and work in tandem to power the next generation of hospitality and property management technology," said HiRUM co-CEOs Sylvia and Philip Johnston. "We will continue to stay on in our roles with HiRUM to ensure our customers receive the best-in-class service."
PR Newswire (09/28/22)