Quantum Partners advises the shareholders of Serenata Intraware GmbH on the sale of a majority to Hospitality Tech Holdings LLC
Software / CRM / Hospitality industry
Travel bookings are increasingly being made via online portals. While hotel brands become less important, brokerage portals are on the rise. Hoteliers have to pay high commissions to these portals in order to maintain high occupancy rates. Hotels are therefore looking for ways to better know their customers and to implement specific marketing measures to increase direct bookings. Less than one third of hotel clients are returning guests. Nevertheless, hotels concentrate significantly on retaining returning guests, while new customer acquisition is often neglected.
Serenata IntraWare has created solutions for this with its hotel CRM suite and has become the market leader for central hotel IT solutions in the areas of data warehouse, customer relationship management and customer loyalty management. As a strategic CRM partner for leading hotel chains, luxury and boutique hotel companies, independent hotels, resorts, and casinos, Serenata integrates its CRM solutions into the hotel’s existing IT infrastructure.
The aim of the joint project was to realize part of the value created for the shareholders while also bringing a strategic partner on board. With Hospitality Tech Holdings, Serenata has found a partner with whom it can create the first fully integrated platform for new customer acquisition and existing customer care.
About Serenata IntraWare
Serenata IntraWare was founded in 1996 and has its headquarters in Munich and San Francisco. Serenata combines 20 years of experience in CRM technology for the hospitality industry with in-depth knowledge of guest data management, marketing automation and solutions for guest recognition and loyalty programs.
About Hospitality Tech Holdings
Hospitality Tech Holdings LLC is a portfolio company of Public Pension Capital (PPC), a private equity fund based in New York City. Its Hotel360 solution offers hotels a powerful customer acquisition suite (smartCMS, Smart Personalization Engine, Smart Data Marketing and full-stack digital consulting and marketing solutions).
About Quantum Partners
Quantum Partners GmbH, headquartered in Munich, is a specialized corporate finance advisor that supports clients in company transactions as well as in finding financing.