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Guesty Announces The Acquisition Of Hospitality Software Companies Kigo And Hirum

Sep 28, 2022•about 3 years ago

Acquiring Company

Guesty

Acquired Company

Kigo

CovinaSt. PaulInformation TechnologyFinancial Services

Description

Guesty, the leading property management platform for the short-term rental and hospitality industry, today announced the acquisition of 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.

Company Information

Company

Guesty

Location

Covina, California, United States

About

Guesty, the end-to-end platform built for the short-term rental industry, empowering property managers and hosts to grow smarter, scale faster, and deliver standout guest experiences. With the largest R&D team in the industry, 250+ engineers, Guesty is the engine inside 250,000+ properties across 100+ countries, powering more properties, more platforms, and more bookings across major OTAs like Airbnb, Vrbo, Booking.com, Expedia, Tripadvisor, Hopper, Google Travel, and Homes & Villas by Marriott. Backed by $410 million in funding from KKR, Apax Digital Funds, MSD Partners, Sixth Street Growth, Viola Growth, Flashpoint, and Vertex Ventures, Guesty’s global team of 800+ employees across 16 offices is building the future of the short-term rental industry under one roof, for every platform, every property, and every tool.

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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