The Berlin-based holding company Hospitality Software Solutions Beteiligungsgesellschaft mbH recently acquired a majority stake in Vienna-based SiTec GmbH. SiTec GmbH is a renowned provider of the award-winning cloud solution "Front Office Cloud", which combines hotel programs, restaurant cash registers, marketing tools and employee communication in a unique platform. The cloud solution received the Innovation Award of the Austrian Chamber of Commerce and was internationally recognized by experts.
The acquisition enables SiTec to distribute the Front Office Cloud even more broadly in the market and to benefit from the expertise of Hospitality Software Solutions Beteiligungsgesellschaft. Martin Siebenbrunner, Managing Director of SiTec GmbH, is delighted with the acquisition and emphasizes the opportunity to now make the solution available to a wider audience. He will continue to be part of the team and contribute to the joint success story.
Hospitality Software Solutions Beteiligungsgesellschaft mbH already owns the companies gastrodat GmbH from Salzburg and Lodgit Hotelsoftware GmbH from Leipzig. As a result, hoteliers and accommodation providers can now also benefit from the integrated Front Office Cloud from gastrodat and lodgit. Herbert Stegfellner, Managing Director of gastrodat GmbH, is delighted with the new generation of hotel management systems and the competitive advantages it offers hoteliers.
The consolidation of the three companies - gastrodat, lodgit and SiTec - brings together the best of three worlds and enables regular customers of all three companies to benefit from improved and more comprehensive solutions from a single source. The group's goal is further growth, both through investment in development, personnel and products, and through the acquisition of other software companies. CEO Herbert Stegfellner promises future technical milestones and increased support for hoteliers in digitization.
The majority of Hospitality Software Solutions Beteiligungsgesellschaft mbH is owned by Elvaston Capital Fund IV GmbH & Co. KG from Berlin, which underlines the financial strength and support for the company.
With the acquisition of SiTec GmbH, Hospitality Software Solutions Beteiligungsgesellschaft mbH expands its product portfolio and positions itself as a leading provider of innovative solutions for the hotel and lodging industry. Hoteliers can benefit from the integration of various systems and the bundled expertise, while the company strengthens its market position and aims for further growth.