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INTELITY
Raises $44M, Sets Sights on
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Further Global Expansion
and Scale
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On the heels
of record growth, the enterprise technology
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provider
looks to dominate the hospitality market
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Los
Angeles, CA – January 2019 / Newsmaker Alert / INTELITY™,
provider of the travel industry’s first and broadest enterprise guest engagement
and staff management platform, announced today it has secured a $44 million
investment from Philadelphia-based private equity firm, LLR
Partners. LLR’s investment validates INTELITY’s success and the impact
it has had on the hospitality technology industry. This partnership also
sets INTELITY up to further its mission to provide customers with the most
direct and advanced connection to their guests, while also supporting back-of-house
operations and business intelligence.
Following its merger
with KEYPR in 2018, INTELITY has distinguished itself as the most comprehensive
and robust enterprise hospitality
platform available on the market. This investment further positions
the company ahead of its nearest competitors, who typically offer one-point
solutions and limited flexibility.
“As the momentum of technology
adoption in hospitality rapidly accelerates, INTELITY has established itself
as a leader by offering the most extensive solution for meeting both guest
and industry demands,” said Dave Reuter, partner at LLR Partners. “We’re
excited to partner with the combined, impressive management team from INTELITY
and KEYPR as they continue to expand this leadership position and capture
the large and growing market opportunity.”
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Not only does INTELITY offer
the most complete solution, but it is also the industry’s integrations
leader. The platform includes more than 120 certified, discrete integrations
and technology partnerships, which reduce the friction hotel operators
experience when incorporating new technologies. In a single platform, INTELITY
provides management teams with comprehensive tools that allow them to better
track and manage all activity between guests and staff.
“Since inception, INTELITY
has focused on one thing - improving the guest experience for travelers
while offering hoteliers increased operational efficiencies and revenue
generation opportunities. This investment allows our company the opportunity
to further develop our technology and continue to expand our global presence
while maintaining that same focus,” said President and COO David Adelson.
“We look forward to our partnership with LLR Partners and are excited to
have them onboard as we continue to grow.”
With an impressive product
offering utilized in nearly two hundred thousand rooms, a talented global
workforce, and more than 15 years of industry expertise, the merger between
KEYPR and INTELITY is a huge step forward for hospitality technology.
“While we focus on furthering
our strong growth, we are fully committed to continuing to be the most
advanced platform available in hospitality, with ongoing support enhancements
and a solid integrations pipeline. We are thrilled to have LLR Partners’
support as we pursue further expansion in international markets, including
throughout Europe, the United Arab Emirates, and Asia Pacific,” said CEO
Robert Stevenson. “Leveraging the historical successes of both companies
has brought us to this point and has given us both the springboard and
the talented team to carry us through 2019 and beyond.”
INTELITY’s management team
is comprised of Silicon Valley insiders and former executives from Facebook,
Hewlett Packard, Hilton, the Westmont Hospitality Group, Hyatt, Caesars
Entertainment, Fox Mobile, and Sony. Its board and advisors include former
senior management from Hilton, Starwood, Disney, and CHMWarnick. The company
has offices in North America and Europe.
About INTELITY
INTELITY is the global provider
of the most advanced hospitality technology platform for the hotel, casino,
cruise, and luxury residential markets. INTELITY offers its customers comprehensive
end-to-end solutions to manage guest experience and staff operations, in
a single platform. In 2018, INTELITY merged with KEYPR yielding a combined
15 years of hospitality experience, rapid growth, and the most complete
hospitality technology platform on the market. For more information, please
visit www.INTELITY.com. Newsroom
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About LLR Partners
LLR Partners is a private
equity firm committed to creating long-term value by growing its portfolio
companies. LLR invests in several industries, with a focus on technology
and services businesses. Founded in 1999 and with more than $3.5 billion
raised across five funds, LLR is a flexible provider of capital for growth,
recapitalizations, and buyouts. For more information about LLR and insights
on scaling growth companies, visit www.LLRPartners.com.
Source: INTELITY
Raises $44M, Sets Sights on Further Global Expansion and Scale
Media Contact:
Megan
Pope
Vice President of Marketing
INTELITY |