M&A Deal Summary

Cendyn Acquires The Rainmaker Group Ventures

On August 1, 2019, Cendyn acquired internet software and services company The Rainmaker Group Ventures

Acquisition Highlights
  • This is Cendyn’s 3rd transaction in the Internet Software and Services sector.
  • This is Cendyn’s 3rd transaction in the United States.
  • This is Cendyn’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2019-08-01
Target The Rainmaker Group Ventures
Sector Internet Software and Services
Buyer(s) Cendyn
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Goodwin Procter (Legal)

Target

The Rainmaker Group Ventures

Alpharetta, Georgia, United States
The Rainmaker Group Ventures LLC is a provider of revenue management and profit optimization solutions to the multifamily housing and gaming/hospitality industries.

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Buyer(S) 1

Buyer

Cendyn

Boca Raton, Florida, United States
Category Company
Founded 1996
Sector Software
DESCRIPTION
Cendyn headquarters in Boca Raton, Florida.
Cendyn headquarters in Boca Raton, Florida.

Cendyn is a cloud-based software and services provider that develops integrated technology platforms for driving sales and marketing performance in the travel and hospitality industry. The Cendyn Hospitality Cloud offers the most complete set of innovative software and services in the industry, covering hotel marketing, guest engagement, group sales, and event management. Cendyn was founded in 1996 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 5 of 11
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 5 of 9
State (Georgia) 2 of 2
Country (United States) 3 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Guestfolio Communications

Whistler, British Columbia, Canada

Guestfolio Communications Ltd. is the hotel marketing platform for boutique hotels that drives guest engagement, retention and conversion throughout the travel journey. With the guest profile at the heart of what Guestfolio does, independent hoteliers have the opportunity to personalize the travel experience for their guests, gain insights on their guests and use tools that build lasting brand loyalty and encourage increased conversions from OTAs to direct bookings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 NextGuest

New York, New York, United States

NextGuest provides hoteliers with everything they need to thrive in the digital world, with bespoke technology solutions developed to meet the needs of luxury hotel clients coupled with elegant design capabilities that bring brands to life. NextGuest was established in 2001 and is based in New York City.

Buy -
Mergr

Product

Company

Legal