M&A Deal Summary

Otelier Acquires Broadvine

On May 10, 2021, Otelier acquired internet software and services company Broadvine

Acquisition Highlights
  • This is Otelier’s 1st transaction in the Internet Software and Services sector.
  • This is Otelier’s 1st transaction in the United States.
  • This is Otelier’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-05-10
Target Broadvine
Sector Internet Software and Services
Buyer(s) Otelier
Deal Type Add-on Acquisition

Target

Broadvine

Raleigh, South Carolina, United States
Broadvine delivers financial performance management software to help hotel management companies and ownership groups increase profitability and operational efficiencies across their portfolio. Broadvine's SaaS application consists of Reporting, Forecasting, and Labor modules – providing a robust and flexible platform. Broadvine is utilized by over 30 management companies and almost 500 properties worldwide. Broadvine was founded in 2008 and is based in Raleigh, South Carolina.

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Buyer(S) 1

Buyer

Otelier

Atlanta, Georgia, United States
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Otelier is an end-to-end information management platform for sourcing, processing, and storing hospitality data in the cloud. Our SaaS solutions help hotel owners, operators, franchisees, and hospitality REITs automate the hotel back office and manage property portfolio performance to a tee. Otelier was founded in 2015 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (South Carolina) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Focal

Denver, Colorado, United States

Focal is a hospitality revenue intelligence software company that helps hotel executives, operators, and owners turn siloed data into the insights they need to make better sales, marketing, and revenue management decisions. Focal's cloud-native business intelligence solution provides turnkey dashboards and reports, customizable consolidated reports, and digital communication tools used by many of today's leading hospitality organizations. Focal is based in Denver, Colorado.

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