GrowthCurve, a NYC-based control-oriented private equity firm focused on building businesses by utilizing data, analytics and machine learning, acquired Duetto, a San Francisco, CA-based provider of revenue management software for the hospitality industry.
The amount of the deal was not disclosed.
With the acquisition, GrowthCurve will accelerate its AI strategy, including the development of new AI products, support the launch of new business lines and expand into new markets.
Led by CEO David Woolenberg, Duetto offers solutions that simplify hotel operations and optimize revenue. With a focus on organic product development, data and integrations, it connects systems into a cohesive, efficient platform that drives profitability and growth for hotels worldwide. More than 6,000 hotel and casino resort properties in more than 60 countries use its applications, which include GameChanger for pricing, ScoreBoard for intelligent reporting, and BlockBuster for contracted-business optimization. Earlier this week, Duetto launched its newest product, OpenSpace, a revenue management solution and booking engine for meeting and event spaces.
FinSMEs
28/06/2024