Thoma Bravo, LLC , a leading private equity investment firm, has completed its $930 million acquisition ofTravelClick , a global provider of innovative cloud-based revenue-generating solutions for the $500 billion global hospitality industry.
“TravelClick has established itself as the leader in delivering revenue-enhancing technology and services to the hotel industry, and we look forward to supporting the company in its next stage of growth,” said Holden Spaht, managing partner at Thoma Bravo. “With a strong base of recurring revenue, a leadership position in a fragmented vertical market and a great management team, TravelClick represents an excellent fit with Thoma Bravo’s buy and build investment strategy.”
“I would like to thank everyone at TravelClick for their dedication and exceptional work in growing the company to where it is today,” said Larry Kutscher, CEO of TravelClick. “Thoma Bravo has a strong track record of partnering with its portfolio companies’ management to execute aggressive growth strategies, and we look forward to working closely with the Thoma Bravo team as we continue to serve our hotel clients and build on our leadership position as the largest provider of revenue-generating technology to the hotel industry.”
TravelClick provides innovative cloud-based solutions for hotels around the globe that increase revenue, reduce cost, improve performance and create a strong brand. The company’s suite of products and services includes reservation solutions, business intelligence solutions, media solutions, web solutions and guest management solutions. All of TravelClick’s products are designed to integrate seamlessly with one another to comprehensively address the needs of hoteliers. TravelClick’s team of local-market hotel experts, based around the world, work directly with hoteliers to deliver the right technology platforms to optimize hotel performance.
“TravelClick's software and demand generation tools offer a very tangible ROI to its hospitality customers across 38,000 properties,” said A.J. Rohde, principal at Thoma Bravo. “As the industry continues to evolve and increase in complexity, these tools are becoming even more critical. As new partners, we are eager to support strong investment in each of these areas to enable customers to navigate and grow.”
About TravelClick, Inc.
TravelClick ( www.TravelClick.com ) provides innovative cloud-based solutions for hotels around the globe to grow their revenue reduce costs and improve performance. TravelClick offers hotels world-class reservation solutions, business intelligence products and comprehensive media and marketing solutions to help hotels grow their business. With local experts around the globe, we help more than 38,000 hotel clients in over 150 countries drive profitable room reservations through better revenue management decisions, proven reservation technology and innovative marketing. Since 1999, TravelClick has helped hotels leverage the web to effectively navigate the complex global distribution landscape. TravelClick has offices in New York, Atlanta, Philadelphia, Chicago, Barcelona, Dubai, Hong Kong, Houston, Melbourne, Orlando, Shanghai, Singapore and Tokyo. Follow us on twitter.com/TravelClick andfacebook.com/TravelClick .
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments. For more information, visit www.thomabravo.com.
SOURCE: Thoma Bravo, LLC