HotelRunner, a Wilmington, Delaware-based hospitality and travel technology provider, acquired PayPad, a Istanbul, Turkey high-end point-of-sale system provider.
The amount of the deal was not disclosed.
With the acquisition, HotelRunner will offer a comprehensive solution with a specific focus on the hotels’ on-premise sales and payments.
Founded in 2016 by Veysel Berk, PayPad is a cloud-based, smart sales system designed exclusively for restaurants, hotels, and retail stores. It expanded into the global market with a client base in the United Kingdom, Spain, the United States, and Turkey.
Founded by Arden Agopyan, and Ali Beklen, HotelRunner is a data-driven SaaS-enabled unified sales, operations, and distribution management platform and B2B network for accommodations, travel agencies, and payment providers. With its new and advanced identity, HotelRunner POS offers tools to run food and beverage operations, offering accommodation businesses a fresh avenue to enhance their revenue streams. Fully integrated with HotelRunner PMS, HotelRunner POS allows accommodations to manage their on-premise sales and payment operations with ease. Hoteliers can accept payments in multiple methods, analyze every aspect of their business, and take AI-driven, intelligent, and automated actions resulting in enhanced productivity and increased profitability. The company is a Booking.com Premier Connectivity Partner and Best Overall Performing Partner, Expedia Preferred Connectivity Partner, Airbnb Software Partner, Agoda Innovative Supplier, Oracle, Hotelbeds, trivago, and Google Hotel Ads strategic partner.
FinSMEs
19/09/2023