On May 13, 2020, The Zucchetti Group – an Italian software development company, with clients in 130+ countries – officially acquired Lybra.Tech – developer of advanced Artificial Intelligence-based, demand centric revenue management software for hotels. After the acquisition, Zucchetti is the majority shareholder, owning 51% of the company.
Lybra.Tech’s Intelligent Revenue Assistant (RMS) will integrate The Zucchetti Group’s global booking data (collected from the company’s hospitality subsidiaries around the world), giving hoteliers access to an unparalleled amount of market and demand data and maximizing the accuracy of the RMS’ room rate suggestions, in real-time – no matter how market demand changes - for all types and sizes of hotels, worldwide.
“We recognize the significant value that Lybra.Tech’s RMS offers to hotels, making this acquisition an important one for Zucchetti’s thriving hospitality technology division,” said Angelo Guaragni, Director of Zucchetti Hospitality. “We’re excited for the opportunity to nurture and support Lybra.Tech’s future growth and, through integration of our data into their RMS, contribute even more to the industry’s return to profitability.”
“The Zucchetti Group is an important player in the European and international hospitality technology market; in fact, it is one of the top suppliers of hospitality operational software in Europe and worldwide,” said Fulvio Giannetti, CEO of Lybra.Tech. “The company is also a hub for innovation, devoting more than 25% of the company’s workforce to developing new and game-changing technologies – a priority which we also value highly at Lybra.Tech. We are proud to join this industry-leading company and look forward to collaborating with the company’s innovative hospitality industry subsidiaries and partners to, jointly, give hoteliers everything that they need to become – and remain – profitable.”