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ResPax acquires ResBook to unite tour and accommodation reservation systems

Nov 12, 2024•about 1 year ago

Acquiring Company

ResPax

Acquired Company

ResBook

CairnsAucklandTourismTravelSoftwareHotelHospitality

Description

ResPax, a leading Australian tour management software company, has successfully acquired ResBook, New Zealand's premier accommodation property management system. This acquisition brings together two industry leaders, providing unparalleled opportunities for tourism operators and the whole industry, serving both the Tour and Accommodation markets.

Company Information

Company

ResPax

Location

Cairns, Queensland, Australia

About

ResPax is a leading Australian tour management software company, specializing in delivering tour reservation systems for the experiences sector. With over 25 years of experience, ResPax serves a wide range of tour and activity tourism operators, providing innovative solutions and reliable customer support.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed