Parity Technology Solutions Acquires Hotel "Turnkey" Solutions Provider Hotspot International.
11 November 2019 - Canadian hospitality technology company Parity Technology Solutions has acquired hotel "turnkey" solutions provider Hotspot International, the company said.
Hotspot has services in Mexico, United States, Central America and the Caribbean.
Parity Technology Solutions (Parity) is a single-source, managed technology provider serving the hospitality, multi-dwelling, healthcare, and retail centre markets.
They recently rebranded their name a[euro]" formerly Active Networks a[euro]" to solidify their stance, offering, and footprint in the hospitality technology market.
Parity said the acquisition of Hotspot International enhances its product and service line to now include a comprehensive integrated solution that leverages the rXg platform developed by RGNets.
The implementation of micro-segmentation through auto-generated Dynamic VLANs and PANs provides a more efficient and secure network, as well as a better guest experience.
Their WiFi Tracking Function allows participating guests to receive special offers depending on their location on the property.
The benefits to the hotel include reduced operating costs and increased sales. These and other features from Hotspot International will soon be available to Parity Technology Solutions' rapidly expanding customer base.
With offices opening in China (Jan. 2020) and service expansion into South America, the Caribbean, India, and Europe, the company is poised to continue its growth in the international market.
A new "all-in-one" service paradigm is driving the technology demands of TODAY's hotels. This investment represents an important strategic opportunity to deliver on this new paradigm for the Parity's 1,600 clients around the globe.
With this and other recent acquisitions, Parity Technology Solutions is positioned to become a leader in the hospitality technology market.
Parity Technology Solutions is a single-source hospitality technology provider servicing over 1,600 hotels worldwide.
Hotspot International is a High-Speed Internet Access provider and hosted software solution to centrally manage guest broadband in Mexico and US.
HSI works with major hotel chains including AM Resorts, IHG, Marriott, and ILG, as well as agreements with independent brands such as Pueblo Bonito, Grupo Vidanta, Eurostars, Grupo Real Turismo (Camino Real and Quinta Real). HSI is a certified Marriott GPNS and a Certified IHG HSIA provider. HSI partners with Telmex for their i-Hospitality programme.
Target: Hotspot International
Buyer: Parity Technology Solutions
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Nov 11, 2019|
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