San Francisco, California
i-Rates, a software as a service provider that helps to set prices for popular hotel chains, has been acquired by IQWare, Inc (Colorado), a leading property management system.
The core of i-Rates is the innovative state-of-the-art algorithm based on the mathematic theory of reinforcement learning. The two technology companies have complementary product offerings aiming to better serve their customers together.
Andrew Ponomar, the CEO of Enter Capital commented: “Our team was glad to advise the founders of iRates on the exit strategy and help with the execution. We are glad to see the increasing number of acquisitions in the hospitality technology space.
We are excited to see that the hospitality technology industry is moving towards the realization of synergies between companies by combining efforts and tool sets to provide the best-in-class services to their clients.”
Enter Capital team has created a unit focused on the hotel management technology space. Andrew Ponomar will be participating at HITEC, one of the largest conferences in the industry held in Minneapolis, MN on June 30, 2019.
Enter Capital Team
+1415-800-2814
info@entercapital.com
75 Broadway 202
San Francisco, CA