Shiji Completes Acquisition of StayNTouch
Shiji announced it has acquired StayNTouch, Inc., a software as a service hotel property management system (PMS) that was developed with mobility in mind and operates on smartphones and tablets. The addition of StayNTouch’s innovative and cloud-based hotel management tools to Shiji’s growing hotel technology stack will enable both StayNTouch and Shiji customers to seamlessly integrate across multiple hotels and travel technology systems.
Shiji Group provides software solutions and services for the hospitality, food service, retail and entertainment industries, ranging from hotel management solutions to food and beverage and retail systems, payment gateways, data management, online distribution and more. Founded in 1998 as a network solutions provider for hotels, Shiji Group today comprises 3,000 employees in 70+ subsidiaries and brands, serving more than 60,000 hotels, 200,000 restaurants, and 400,000 retail outlets.
With the benefit of investment partners such as Alibaba, Shiji develops a network of cloud technology platforms that facilitate data exchange by connecting businesses vertically and horizontally across related industries. Continuing the strategy of innovation through development or acquisitions and integrations. Shiji sees StayNTouch as an important part of making hotel management technology mobile and scalable for hotels of all sizes.
StayNTouch brings an innovative suite of hotel management solutions for complete or partial mobile hotel property management. Scalable from small hotels to 1000+ room hotels StayNTouch has proven their technology is easy to use while being robust and reliable. The modular design of the system makes it usable for hotels that already have an on-premise PMS or hotels that want to shift to future-proof cloud-based systems.
StayNtouch impressed Shiji with their growth and customer retention, which led to the acquisition. Shiji has been invested in the company since 2016.
StayNTouch will be integrated into Shiji Group as a fully owned subsidiary. Jos will continue to lead the company and take an active role in Shiji Senior Management team focused on global expansion.
The focus for StayNTouch as a Shiji Group Brand will be to accelerate their successful growth trajectory using Shiji Group’s existing network of sales and support teams, in the USA and China, throughout Europe (Munich, Berlin, London, Lisbon, Spain), and Asia/Pacific (Hong Kong, Singapore, Malaysia, Beijing, Shanghai, and Sydney) empowering their internal product teams can increase development of new features and service existing customers.