9.28.2022
Guesty, the leading property management platform for the short-term rental and hospitality industry, has acquired 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.
Kigo and HiRUM bring thousands of customers to the Guesty family of product solutions, representing short-term rentals, vacation villas, and hospitality listings within Europe and Australia’s thriving tourism sector. United in the same mission, all three companies are working to standardize and advance the best-in-class software experience for simplifying property management and operations for property management companies (PMCs) and hospitality operators of all sizes. Together with Kigo and HiRUM, Guesty expands its capabilities for flexible inventory management, allowing operators to handle traditional hotel listings, aparthotels, holiday homes and short-term rentals from one dashboard.
“Guesty, Kigo and HiRUM view consolidation as the path forward in such a dynamic space and fragmented industry,” said Guesty Co-Founder & 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.”
“As our industry matures, we recognize Guesty’s market leadership and winning technology,” said Miquel Ferrer, General Manager of Kigo. “This move 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.” Mr. Ferrer will continue serving in his role as General Manager of Kigo, a Guesty company.
HiRUM Software Solutions is a household name in Australia’s tourism sector, with its headquarters on the Gold Coast of Queensland. The company powers small and large hospitality operators and counts prestigious brands as its loyal customers, including Palazzo Versace Gold Coast, Wyndham Hotels & Resorts, Ramada by Wyndham and Grand Mercure Hotels & Resorts.
“For more than two decades we’ve helped Australia’s leading hospitality brands streamline their operational processes, maximize revenues and grow the local tourism sector,” said Sylvia & Philip Johnston, co-Founders and co-CEOs of HiRUM Software Solutions. “We are excited to join forces with Guesty and work in tandem to power the next generation of hospitality and property management technology. We will continue to stay on in our roles with HiRUM to ensure our customers receive the best-in-class service.”
“The merging of Guesty and HiRUM marks a major milestone in Australian hospitality and a new era of technological advancement,” says Yoav Tourel, Guesty’s APAC Managing Director. “HiRUM’s legacy, experience and knowledgeable roots in the local market pair perfectly with Guesty’s global outlook. Together we will push forward the next era of property management solutions, covering the full ecosystem, from traditional hotels to vacation villas and short-term rentals. The timing could not be better, with Australia’s tourism market booming in full recovery mode.”
The acquisitions follow Guesty’s latest funding round of $170 million last month, from top-tier investors Apax Digital Funds, MSD Partners and Sixth Street Growth, with existing investors Viola Growth and Flashpoint also participating. With a current global employee base of more than 600 and growing, Guesty now welcomes the Kigo and HiRUM teams within the United States, Spain, the Philippines and Australia. As one entity, Guesty increases its regional market share, expands its technological capabilities and services, and further cements its leadership position in its category.
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