Swaab assists in the glob­al acqui­si­tion of CMS Hospitality

MON­TRE­AL, Dec. 03, 2018 (GLOBE NEWSWIRE) — Val­soft Cor­po­ra­tion Inc. (“Val­soft”), a Mon­tréal-based com­pa­ny that spe­cial­izes in the acqui­si­tion and devel­op­ment of ver­ti­cal mar­ket soft­ware busi­ness­es, is pleased to announce the acqui­si­tion of CMS Hos­pi­tal­i­ty, an Aus­tralia-based hos­pi­tal­i­ty soft­ware solu­tions provider with clients across 25 coun­tries. Under the agree­ment, Val­soft acquires all CMS assets, includ­ing its flag­ship brand, GuestCentrix.

“I reached a point in our company’s evo­lu­tion where I start­ed to search for the right part­ner to enable CMS Hos­pi­tal­i­ty to grow faster and unlock its greater poten­tial,” stat­ed Man­ning. ​“The per­fect part­ner had to val­ue our clients, our staff and our prod­ucts, which are wide­ly used in many coun­tries. For­tu­nate­ly, I found all those qual­i­ties in Val­soft. We have suc­cess­ful­ly chart­ed a smooth trans­fer, with our entire staff inte­grat­ing across Val­soft to ensure unin­ter­rupt­ed prod­uct sup­port and devel­op­ment. I am hap­py to see the com­pa­ny that I built over many years fac­ing a bright future under Valsoft’s leadership.”

With more than 30 years’ expe­ri­ence in the indus­try, CMS Hospitality’s Guest­Cen­trix deliv­ers pow­er­ful, scal­able, and easy-to-use prop­er­ty man­age­ment sys­tem, chan­nel man­age­ment, point of sale, con­fer­ence and ban­quet appli­ca­tions for resorts, hotels, hos­tels and apartments.

From his hum­ble begin­nings in the ear­ly ​’80s, Bri­an Man­ning, founder of CMS Hos­pi­tal­i­ty, embraced the use of emerg­ing com­put­er tech­nol­o­gy in hos­pi­tal­i­ty. Through the decades, he kept pace with inno­va­tion and pro­pelled his busi­ness for­ward with IBM main­frames, DOS, Win­dows and cut­ting-edge, cloud-based HTML5 solu­tions, con­tin­u­al­ly adapt­ing to the industry’s ever-chang­ing demands. 

Mr. Man­ning will help with the tran­si­tion and assist Val­soft in its mis­sion to grow the busi­ness rapid­ly and advance its tech­nol­o­gy. The acqui­si­tion of CMS Hos­pi­tal­i­ty is Valsoft’s sixth invest­ment into the Trav­el & Leisure soft­ware sec­tor and, specif­i­cal­ly, its third in hos­pi­tal­i­ty. Under the Val­soft umbrel­la of com­pa­nies, CMS Hos­pi­tal­i­ty will con­tin­ue to expand its port­fo­lio of clients, who will join the more than 6,000 prop­er­ties that already make up the InnQuest Soft­ware and Wel­come Sys­tems hotel man­age­ment soft­ware client base. Togeth­er, they will give cus­tomers in more than 100 coun­tries access to world-class hos­pi­tal­i­ty tools. 

“Bri­an and his team have built a cus­tomer-cen­tric orga­ni­za­tion that pro­vides com­pre­hen­sive soft­ware solu­tions, elite ser­vice, and out­stand­ing end-to-end client expe­ri­ence across every touch point,” said Michael Assi, CEO of Valsoft’s Trav­el and Leisure divi­sion. ​“We see an extra­or­di­nary oppor­tu­ni­ty to accel­er­ate CMS’s momen­tum and deliv­er stronger, long-term val­ue to hote­liers around the world.”

About CMS Hospitality:

CMS Hos­pi­tal­i­ty has been pro­vid­ing soft­ware sys­tems to the hos­pi­tal­i­ty indus­try since 1983. Its flag­ship prod­uct, Guest­Cen­trix, has been designed to inter­na­tion­al stan­dards and is used exten­sive­ly by oper­a­tors rang­ing from small hos­tels, hotels, ski resorts, island resorts and cor­po­rate hotels, to mul­ti-prop­er­ty accom­mo­da­tion providers in the hos­tel and hotel segments.

About Val­soft Corporation:

Val­soft Cor­po­ra­tion acquires and devel­ops ver­ti­cal mar­ket soft­ware com­pa­nies, enabling each busi­ness to deliv­er the best mis­sion-crit­i­cal solu­tions for cus­tomers in their respec­tive indus­try or niche.

A key tenet of Valsoft’s phi­los­o­phy is to invest in well-estab­lished busi­ness­es and then fos­ter an entre­pre­neur­ial envi­ron­ment that shapes a com­pa­ny into a leader in its respec­tive indus­try. Unlike pri­vate equi­ty and VC firms, Val­soft does not have a pre-defined invest­ment hori­zon and looks to buy, hold and cre­ate val­ue through long-term part­ner­ships with exist­ing man­age­ment and customers.

Val­soft Cor­po­ra­tion was rep­re­sent­ed inter­nal­ly by David Feli­cis­si­mo, Gen­er­al Coun­sel and Pamela Romero, Para­le­gal and Alis­tair Jaque of Swaab in Syd­ney. CMS was rep­re­sent­ed by Robin King of Mills Oak­ley in Sydney.

For more infor­ma­tion on the com­pa­nies, please vis­it http://​www​.cmshos​pi​tal​i​ty​.com and http://​val​soft​corp​.com

Source: Val­soft Corporation