Yanolja acquires US hospitality solutions firm Innsoft for $8.3 mil.
Courtesy of Yanolja
Yanolja Cloud, the tech affiliate of Korean booking platform Yanolja, said Thursday it has finalized a deal to acquire Oregon-based Innsoft for $8.3 million in a bid to expand its hospitality solutions services in North America.
Yanolja Cloud plans to launch a new line up of hospitality management solutions targeting the North American market, as well as a new self check-in kiosk within this year with Innsoft by utilizing Innsoft's existing infrastructure, network and expertise.
Innsoft is a U.S. hospitality solutions company offering various hotel management software solutions. Its partners include global reservation platforms, such as Booking.Com International B.V. and Expedia Group. (Yonhap)