Yanolja Acquires U.S. Hospitality Solutions Company Innsoft for US$8.3 mln | Be Korea-savvy

Yanolja Acquires U.S. Hospitality Solutions Company Innsoft for US$8.3 mln


This file photo shows Yanolja's headquarters in southern Seoul. (Yonhap)

This file photo shows Yanolja’s headquarters in southern Seoul. (Yonhap)

SEOUL, April 6 (Korea Bizwire)Yanolja Cloud Pte., the tech affiliate of South Korean booking platform Yanolja Inc., said Thursday it has finalized a deal to acquire Oregon-based Innsoft Inc. for US$8.3 million in a bid to expand its hospitality solutions services in North America.

Yanolja Cloud Pte. plans to launch a new line up of hospitality management solutions targeting the North American market, as well as a new self check-in kiosk within this year with Innsoft by utilizing Innsoft’s existing infrastructure, network and expertise.

Innsoft is a U.S. hospitality solutions company offering various hotel management software solutions. Its partners include global reservation platforms, such as Booking.Com International B.V. and Expedia Group Inc.

(Yonhap)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>