Cloudbeds Acquires Whistle, Moves To Solve Friction In Guest Journey

Jun 27, 2022•about 3 years ago

Acquiring Company

Cloudbeds

Acquired Company

Whistle

San Diego

St. LouisFood And BeverageMedia And EntertainmentTravel And TourismCommerce And ShoppingData And AnalyticsSoftware

Description

Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, announced today at HITEC 2022 the acquisition of the industry’s leading guest engagement solution, Whistle. Together, the companies will integrate their best-in-class technologies to remove friction points in the guest journey through a single platform.

Company Information

Company

Cloudbeds

Location

San Diego, California, United States

About

Founded in 2012, Cloudbeds is the hospitality industry's fastest-growing technology provider, serving global customers of 22,000+ independent properties across 157 countries. Its award-winning Cloudbeds Hospitality Platform seamlessly combines operations, revenue, distribution, and growth marketing tools with a marketplace of third-party integrations to help hoteliers and hosts grow revenue, streamline operations, and deliver memorable guest experiences. Cloudbeds was named No. 1 PMS, No. 1 Booking Engine, and Hoteliers Choice by Hotel Tech Report in 2021, and has been recognized by Deloitte's Technology Fast 500 in 2021 and Inc. 500 in 2019. For more information, visit www.cloudbeds.com.

FundzWatch™ Score

High M&A Activity

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