Infor Completes Acquisition of ReServe Interactive
ReServe Interactive’s highly scalable, dynamic, and intuitive sales and catering solution will enable Infor to offer more functionality through Infor CloudSuite Hospitality, and increase Infor’s presence in non-hotel hospitality venues such as entertainment centers, stadiums, wineries and conference and convention centers.
Infor’s cloud-enabled Hospitality solutions include hotel property management, point of sale, revenue management, asset and incident management, analytics, and back office accounting. Through this acquisition, Infor will be able to help hospitality organizations address event lifecycle management from initial event inquiry through event execution, online reservation systems for dining and various other activity types, floor management, and club membership sales including lead management, contact management, and sales performance management.
Infor's customers include 9 of the top 10 largest hotel brands, and its products are in use at more than 20,000 hotels, casinos and restaurants worldwide. The acquisition of ReServe Interactive will add sales & catering component to Infor CloudSuite Hospitality that increases the breadth and depth of the solution, and better positions Infor to directly address the increasing need of hospitality organizations to find one true technology partner to help them navigate through a digital transformation.
Financial terms were not disclosed.