Mews Acquires Quotelo, Expands Innovative Footprint in France
Deal News | Nov 04, 2024 | PR Newswire Cision Mews
Mews, a leading hospitality cloud provider, has announced its acquisition of Quotelo, marking the company's first significant product acquisition in France. This strategic move follows Mews surpassing 1,000 French clients, reinforcing its commitment to innovation in the region. Founded in 2021, Quotelo has been pioneering the event management space in the hospitality sector, assisting hotels and resorts in streamlining event planning and management. The acquisition comes amidst a period of significant growth for Mews in France, including a 57% increase in its French client base, the opening of a new office in Paris, and becoming a certified PMS provider for BWH Hotels. The integration of Quotelo aims to enhance Mews' offerings in the management of meetings, incentives, conferences, and exhibitions. Matt Welle, CEO of Mews, expressed enthusiasm for expanding service capabilities and customer success through this acquisition. Quotelo, known for its advanced event management tools, aligns strategically with Mews' focus on operational simplification and automation. This acquisition constitutes Mews' tenth, adding to its portfolio that includes prior acquisitions like HS3, Frontdesk Anywhere, and Bizzon. Mews, supported by major investors, positions itself at the forefront of hospitality technology, continually expanding its client base and strengthening its service offerings.
Sectors
- Hospitality Technology
- Event Management Software
Geography
- France – The acquisition of Quotelo is a strategic move for Mews within the French market, underscoring their expanding presence and influence in the region.
Industry
- Hospitality Technology – This industry involves the development and application of technology solutions in hospitality enterprises to improve operational efficiency and customer experience. Mews operates within this sector as a provider of cloud-based property management systems.
- Event Management Software – This industry encompasses software solutions designed to manage the logistics of meetings, conferences, exhibitions, and other events. Quotelo is positioned within this sector through its innovative solutions in the MICE segment.
Financials
- 335 million dollars – This is the amount Mews has raised from investors like Goldman Sachs Alternatives, Kinnevik, and Revaia to transform the hospitality sector.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mews | Bidding Company | Company | Mews is a leading provider of hospitality cloud solutions, specializing in property management systems for the hotel industry, with a growing global presence. |
| Quotelo | Target Company | Company | Quotelo is an innovative company in the hospitality event management sector, specializing in automating processes for meetings and events. |
| Matt Welle | CEO of Mews | Person | Matt Welle is the Chief Executive Officer of Mews, guiding the company's strategic direction and growth initiatives. |
| Tristan Gibausset | Co-CEO and Co-Founder of Quotelo | Person | Tristan Gibausset is the co-CEO and co-founder of Quotelo, leading innovative approaches in event management for hospitality. |